Century Bank Elects New Senior Vice President and Other Officers.MEDFORD, Mass.--(BUSINESS WIRE)--June 19, 1998--Marshall M. Sloane, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Century Bank and Trust Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CNBKA) announced that the Board of Directors has promoted three bank officers. Richard B. Lockwood III was elected Senior Vice President. Mr. Lockwood is the Bank's Marketing Director and CRA See Community Reinvestment Act. Officer and has been with Century Bank since February of 1994. Prior to joining Century, he was President and Principal of Atlantic Resources - a marketing and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm. Lockwood spent over 10 years in the Boston Financial District as a Correspondent Banker and in Bank Product Management. He began his career in community banking as a Consumer and Commercial Loan Officer. Mr. Lockwood received his AS and BS degrees in Business Management and Marketing from Northeastern University Northeastern University, at Boston, Mass.; coeducational; founded 1898 as a program within the Boston YMCA, inc. 1916, university status 1922, fully independent of the YMCA 1948. and completed a post graduate program in Business Management at Harvard University. He has been an adjunct professor of marketing at Northeastern University for the past ten years. Maria L. Spadoni was elected Assistant Vice President. Ms. Spadoni is in charge of business development for Century's Merchant Bankcard and Electronic Banking Programs. She has been with the Bank for over 10 years and has held various positions including Loan Service Specialist, Bankcard Service Representative and Business Development Officer. Ms. Spadoni received an Associates Degree from North Shore Community College and is a candidate for her Bachelors Degree in Business Management at Suffolk University. Cynthia Davidson was elected Branch Officer. Ms. Davidson is responsible for the management and business development of Century's Braintree branch. She has over 25 years of financial work experience and has been with Century Bank for the past 5 years. Prior to her work as a Branch Manager, she was with Century's Bank At Work Department. Century Bank and Trust Company, a subsidiary of Century Bancorp, Inc., is a state chartered, commercial bank with total assets of $800 million. Headquartered at 400 Mystic Avenue in Medford, MA, it operates seventeen full-service branches serving eastern Massachusetts. Century Bank is a member of the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and is an Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. .
CONTACT: Century Bank
Richard B. Lockwood, III, 781/393-4130
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