Century Bank Confident That They Will Be Y2K Date Compliant.

MEDFORD, Mass.--(BUSINESS WIRE)--June 10, 1999--

Marshall M. Sloane, Chairman and Chief Executive Officer, Century Bank and Trust Company (NASDAQ:CNBKA) announced that the Bank is on target with it's strategic plan to be Year-2000 date compliant. Back in 1996, the Bank established a Y2K Task Force comprised of key managers and staff personnel who have direct access to the systems operated by their respective departments. The Bank's Audit Committee oversees the Y2K project and presents a quarterly status report to the Board of Directors. To date, the testing of all Mission Critical systems has been completed, certification of Third-Party Vendors is completed and various contingency plans are being finalized. The Bank has also embarked on a very aggressive customer communication effort that includes statement stuffers, lobby signage, in-branch handout materials and direct written responses when applicable.

Sloane stated, "I am extremely pleased with the accomplishments that our Y2K Task Force has made regarding this very important issue. They have achieved the critical objectives on time as set fourth by our Board of Directors and have put in many additional hours double-checking everything. The goal of this project is to ensure Century Bank operates normally in the Year 2000 and beyond with date compliant systems and we are confident that this will be achieved."

Century Bank and Trust Company, a subsidiary of Century Bancorp, Inc., is a state chartered commercial bank with total assets of $861 million. Headquartered at 400 Mystic Avenue in Medford, MA, it operates sixteen full-service branches serving eastern Massachusetts.

Century Bank is a Member of the FDIC and is an Equal Housing Lender.