EXHIBIT 99.1

News Release

FOR IMMEDIATE RELEASE

Contact:	Paul S. Feeley
	Senior Vice President, Treasurer and    Chief Financial Officer
	(617) 628-4000

CENTRAL BANCORP, INC. DECLARES QUARTERLY

COMMON STOCK CASH DIVIDEND

SOMERVILLE, MASSACHUSETTS, October 21, 2010 — Central Bancorp, Inc. (NASDAQ Global Market: CEBK) (the “Company”) today announced that the Company’s Board of Directors has declared a quarterly common stock cash dividend of five ($0.05) cents per share, payable on or about November 19, 2010 to stockholders of record on November 5, 2010.

Central Bancorp, Inc. is the holding company for Central Bank, whose legal name is Central Co-operative Bank, a Massachusetts-chartered co-operative bank operating nine full-service banking offices, a limited service high school branch in suburban Boston and a standalone 24-hour automated teller machine in Somerville.