Bailout Bank Bio: Central Bancorp, Inc.

Jan 28, 2009 | 1 min read | Print Article

Central Bancorp, Inc. is the holding company of Central Co-operative Bank, which provides commercial banking services in the northwestern suburbs of Boston, Massachusetts. The company operates nine full-service office facilities in Somerville, Arlington, Burlington, Chestnut Hill, Medford, Melrose, and Woburn, Massachusetts, and is based in Somerville, Massachusetts. Central Bancorp will receive $10 million through the Treasury Department’s Capital Purchase Program.

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Bailout Bank Bio: Central Bancorp, Inc.


Federal Equity Investment	$10 million
Total Revenue	$34.315 million (2007)
Net Income	$1.447 million (2007)
Number of Employees	111
Corporate Headquarters	Somerville, Massachusetts
Business Sector	Financial
Officers and Directors	Morrissey, William, Chief Operating Officer, Executive Vice President of the Bank Kearn, David, Executive Vice President, Senior Lending Officer of the Bank Feeley, Paul, Chief Financial Officer, Senior Vice President, Treasurer Other Officers and Directors
Corporate Website	http://www.centralbk.com
Executive Compensation	Central Bancorp