Century Bank Recognized for Exceptional 10-Year Track Record Named Again to the Keefe, Bruyette & Woods “Bank Honor Roll”
Century Bank, New England’s largest family run bank, was named for the fifth consecutive year to the “Bank Honor Roll” for superior performance by Keefe, Bruyette and Woods (KBW).
Century Bank was one of only three banks in Massachusetts to be recognized as having “achieved positive earnings per share growth over the last decade, regardless of the economic environment.”
KBW found that only 25 institutions, out of nearly 400 publicly-traded U.S. banks with $500 million or more in total assets, qualified for the KBW Bank Honor Roll. The winners were selected based on the following criteria: 1) Ten years of consistent profitability; 2) 2014 was a peak net earnings year; and 3) Consecutive increases in net income since 2009.
“We are honored to be included on this prestigious list,” said Barry R. Sloane, Century Bank President and CEO. “Our success is a testament to our commitment to our community, our dedicated staff, our sound financial decisions and our unwavering mission for more than 45 years.”
“The Bank Honor Roll is a way for KBW to acknowledge companies that have succeeded during what was a very challenging decade for banks,” noted Fred Cannon, Global Director of Research at KBW. “These institutions have flourished by differentiating themselves from their peers, while at the same time, positioning themselves for further growth in what continues to be a difficult rate environment.”
About Century Bank
Century Bank, a subsidiary of Century Bancorp, Inc. (NASDAQ:CNBKA) , is a state chartered full service commercial bank, operating twenty-seven, full-service branches in the Greater Boston area. Headquartered in Medford, MA, Century offers a full range of business, personal and institutional services with branches located in Allston, Andover, Beverly, Boston, Braintree, Brookline, Burlington, Cambridge, Everett, Lynn, Malden, Medford, Newton, Peabody, Quincy, Salem, Somerville, Wellesley, Winchester, Woburn and online at www.CenturyBank.com
KBW, Inc., a Stifel company, operates in the U.S. and Europe through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc. and Keefe, Bruyette & Woods Limited. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors. Founded in 1962, the firm maintains industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities securities of financial services companies.
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