Century Bancorp Inc. is a bank holding company that has one banking subsidiary, Century Bank and Trust Company (the Bank). The Company operates 19 banking offices in 16 cities and towns in Massachusetts ranging from Braintree to Peabody. The Banks customers consist primarily of small and medium-sized businesses and retail customers in these communities and surrounding areas, as well as local governments throughout Massachusetts. It offers a wide range of services to commercial enterprises, state and local governments and agencies, as well as individuals. Century Bancorp makes commercial loans, real estate and construction loans, consumer loans and accepts savings, time and demand deposits. In addition, it offers to its corporate customers automated lock-box collection services, cash management services and account reconciliation services and actively promotes the marketing of these services to the municipal market.