Century Bancorp, Inc. and Century Bank and Trust Company Elect Barry R. Sloane to Chairman of the Board and Linda Sloane Kay to Vice Chair of the Board

MEDFORD, Mass.–(BUSINESS WIRE)–Century Bancorp, Inc. (NASDAQ:CNBKA) and Century Bank and Trust Company
today announced Barry R. Sloane, President and CEO, will add the
position of Chairman of the Board. Linda Sloane Kay, Executive Vice
President, will move to the newly created position of Vice Chair of the

“My father, the late Marshall Sloane started Century Bank and Trust
Company on May 1, 1969,” said Sloane. “It is my honor to build upon the
direction he set for the Bank and his legacy. I have partnered with my
father and sister for the last 15 years during which time the Bank has
posted 9 consecutive years of excellent financial results and achieved
the significant milestone of $5.2 Billion in assets. Under our
leadership, Century will continue to be the largest family-run bank in
New England.”

“I am enormously grateful for everything my father taught me,” said
Sloane Kay. “He was one of the most accomplished bankers of all time. I
am pleased to carry-on his legacy of community banking. I am also
grateful for the collaborative partnership I have with my brother,

The late Founder and Chairman, Marshall Sloane, established Century Bank
and Trust Company 50 years ago. He envisioned a bank focused on serving
the needs of families and businesses in local communities. Century
successfully accomplished that mission. Marshall was actively working at
the Bank until 3 weeks prior to his death on April 6, 2019. He would
have celebrated his 93rd birthday on April 15th.

Century Bancorp, through its subsidiary bank, Century Bank and Trust
Company, a state-chartered full- service commercial bank, operating 27
full-service branches in the Greater Boston area, offers a full range of
Business, Personal and Institutional Services. www.CenturyBank.com

This press release may contain “forward-looking statements” with respect
to the financial condition, results of operations and business of
Bancorp and Bank. Readers are cautioned not to place undue reliance on
any forward-looking statements. The Bancorp and Bank disclaims any
intent or obligation to update publicly any such forward-looking
statements, whether in response to any new information, future events or


Barry R. Sloane

Linda Sloane Kay