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