Century Bancorp, Inc. (Massachusetts)

Century Bancorp, Inc. (Massachusetts)

Century Bancorp, Inc. (Massachusetts)

Overview
Date Founded

1972

Headquarters

400 Mystic Avenue, Medford, MA, 02155, USA

Type of Company

Public

Employees (Worldwide)

460

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Century Bancorp, Inc. operates as the holding company for Century Bank and Trust Company, which provides banking services to commercial enterprises, state and local governments and agencies, nonprofit organizations, and individuals in Massachusetts. It accepts savings accounts, Now accounts, demand deposits, time deposits, and money market accounts. The company's loan portfolio comprises single and multi-family residential loans, commercial and industrial loans, commercial real estate loans, construction loans, Home equity loans, and consumer loans. It also offers automated lockbox collection, cash management, and account reconciliation services to its corporate and institutional customers, as well as promotes the marketing of these services to the municipal market. In addition, the company offers securities brokerage services; and financial services, including transaction processing and short-term financing to municipalities. As of September 30, 2011, Century Bancorp operated 24 banking offices in 17 cities and towns in Massachusetts. The company was founded in 1969 and is headquartered in Medford, Massachusetts

Contact Data
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Executives & Employees

President & Chief Executive Officer

Treasurer & Chief Financial Officer

Head of Institutional Services Group, Executive Vice President, Century Bank & Trust Company

Vice Chair

Executive Vice President

Executive Vice President

Senior Vice President

Principal Accounting Officer, Senior Vice President, Century Bank & Trust Company

Senior Vice President

Senior Vice President

Board of Directors

President & Chief Executive Officer at Century Bancorp, Inc. (Massachusetts)

Vice Chair at Century Bancorp, Inc. (Massachusetts)

President at Tufts University

Founder at JJS Advising

President & Chief Executive Officer at NORTHEAST ARC INC

Of Counsel at Clark, Hunt, Ahern & Embry

Member, Board of Directors at Century Bancorp, Inc. (Massachusetts)

Chairman at The Grossman Cos., Inc.

Former Chief Administrative Officer at Boston University

Founder at Sentry Auto Group

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Century Bancorp, Inc. (Massachusetts)
Owners & Shareholders
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JAM provides investment advisory services to JAM Partners LP, a hedge fund. The fund's objective is to achieve capital appreciation over a multi-year time horizon primarily through investments in equity securities that JAM believes are undervalued. They invest mainly in US publicly-traded securities of finance companies including banks, thrifts, brokers, asset managers, insurance, mortgage, specialty finance, REITs, homebuilders, financial technology, and other financial intermediaries. The investment approach of the fund is research intensive and may be contrarian in nature. The fund intends to focus on small and medium capitalization companies where we perceive that the stock market either misunderstands a company's prospects or is largely ignoring the company.

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CYAM analyzes stocks to determine their intrinsic value and seeks undervalued stocks that they anticipate will outperform the market over the long term. They initially prepare a corporate profile consisting of the company’s financial statements, publicly available reports, and selected financial ratios. Following this analysis, the firm studies research reports compiled by outside analysts to understand general market expectations. CYAM also specializes in analyzing securities according to socially responsible screens in addition to fundamental and technical criteria. The firm uses third party research, databases, websites, journals, and trade and industry publications. They may also speak with the management of the company whose stock they are interested in buying or selling, and they may participate in conference calls with the company.

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Maltese Capital is a value driven, research intensive, and valuation sensitive manager that primarily focuses on financial services companies based in North America. The firm utilizes a variety of methods and strategies to make investment decisions and recommendations and primarily uses fundamental research and analysis in their investment process. As part of their fundamental analysis, they create earnings models for many companies, conduct extensive due diligence and make qualitative assessments. Maltese Capital may also use various technical analytical tools and approaches. Their funds invest in companies primarily in the financial services industry, with emphasis on US publicly-traded securities of bank holding companies, banks, thrift institutions, insurance companies and other financial companies, including, but not limited to, finance companies, mortgage companies, asset managers and credit card companies. While the funds focus mainly on investments in securities of financial institutions, they may also invest in securities of non-financial institutions.

Recent Transactions
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Century Bank & Trust Co. - Somerville, Massachusetts, Century Bancorp, Inc. (Massachusetts) purchase Wollaston Credit Union

Insider Transactions
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Key Stats and Financials As of 2020
Market Capitalization
$384M
Total Enterprise Value
$739M
Earnings Per Share
$7.58
Revenue
$168M
Enterprise Value / Sales
4.4x
TEVNet Income
17.51x
Debt TEV
0.6x
Total Equity
$370M
Total Debt
$445M
Net Profit
$42.2M
Three Year Compounded Annual Growth Rate Of Revenue
8.87%
Suppliers
LPL Financial Holdings, Inc. Investment Banking & Brokerage | San Diego, CA

LPL Financial Holdings, Inc. operates as an investment holding company with interests in technology, brokerage and investment advisory services. It provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions. The company operates its business through its subsidiaries under three business segments: Independent Advisor Services, Institution Services and Custom Clearing Services. LPL Financial Holdings is headquartered in Boston, MA.

Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

First Republic Bank (San Francisco, California) Retail & Commercial Banking - San Francisco, CA

Founded in 1985, First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management to individuals, families, businesses, nonprofits and foundations. First Republic clients work with a single relationship manager who coordinates a team of lending, deposit, investment management, trust and brokerage professionals. Preferred banking and wealth management offices are located in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland (Ore.), Boston, Greenwich and New York City. Publicly traded under the NYSE stock symbol "FRC," First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market IndexSM, the Russell 1000®, Russell 3000® and Russell Global indices, and six Dow Jones indices. The Bank exceeds all of the current regulatory guidelines to be well-capitalized and is a member of the Federal Deposit Insurance Corp. (FDIC) and an Equal Housing Lender

Citizens Financial Group, Inc. - Rhode Island Retail & Commercial Banking - Providence, RI

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

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