EXHIBIT 21

Subsidiaries of the Company

Central Co-operative Bank	100% owned by the Company, incorporated under the laws of the Commonwealth of Massachusetts.
Central Securities Corporation	100% owned by the Bank, incorporated under the laws of the Commonwealth of Massachusetts.
Central Securities Corporation II	100% owned by the Bank, incorporated under the laws of the Commonwealth of Massachusetts.
Central Bancorp Capital Trust I	100% owned by the Company, incorporated under the laws of the State of Delaware