Central Bancorp, Inc.

Central Bancorp, Inc.

Central Bancorp is the holding company for Central Co-operative Bank. Operating as Central Bank, it serves Middlesex County in the northwestern suburbs of Boston through about 10 bank branches and loan centers. The bank's primary business is gathering deposits by offering NOW, money market, checking, and savings accounts; CDs; and retirement savings plans. It primarily uses these funds to originate commercial mortgages (more than half of all loans in the company's portfolio, up from 20% in 2001). Residential mortgages have gone down from around 70% to less than 40% since then. The bank also offers construction, home equity, business, and consumer loans, as well as credit cards.

Contact Details

Office Address

Central Bancorp, Inc.
399 Highland Avenue
Somerville, Massachusetts, USA 02144
Phone: (617) 628-4000

Executives

Chairman and CEO, Central Bancorp and Central Bank

John D. Doherty

President, COO, and Director, Central Bancorp and Central Ba

William P. Morrissey

Business Reviews for Central Bancorp, Inc.

Related Companies