0001193125-20-269940.txt : 20201015 0001193125-20-269940.hdr.sgml : 20201015 20201015103002 ACCESSION NUMBER: 0001193125-20-269940 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20201013 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20201015 DATE AS OF CHANGE: 20201015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTURY BANCORP INC CENTRAL INDEX KEY: 0000812348 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 042498617 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15752 FILM NUMBER: 201240657 BUSINESS ADDRESS: STREET 1: 400 MYSTIC AVENUE CITY: MEDFORD STATE: MA ZIP: 01887 BUSINESS PHONE: 6173934606 MAIL ADDRESS: STREET 1: 400 MYSTIC AVE CITY: MEDFORD STATE: MA ZIP: 01887 8-K 1 d23582d8k.htm 8-K 8-K
CENTURY BANCORP INC false 0000812348 0000812348 2020-10-13 2020-10-13

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: October 13, 2020

 

 

Century Bancorp, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Massachusetts   0-15752   04-2498617

(State or other jurisdiction

of incorporation)

 

(Commission

File No.)

 

(IRS Employer

Identification No.)

400 Mystic Avenue

Medford, MA

  02155
(Address of principal executive offices)   (Zip Code)

(781) 391-4000

(Registrant’s telephone number, including area code)

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Class A Common Stock, $1.00 par value    CNBKA    Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

 

 


Item 5.02

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On October 13, 2020, Dr. Anthony P. Monaco, President of Tufts University, and Dr. O’Neil Britton, Chief Medical Officer and Senior Vice President at Massachusetts General Hospital, were elected, to fill vacancies, to the Century Bancorp Inc. (the “Company”) Board of Directors and the Century Bank and Trust Company (the “Bank”) Board of Directors.

President Monaco has been the President of Tufts University since 2011. President Monaco’s experience in the educational field, which is relevant to certain customer relationships of the Company, has qualified him to serve as director of the Company. President Monaco will serve on the Executive Loan Committee.

Dr. Britton has served as Chief Medical Officer and Senior Vice President at Massachusetts General Hospital (MGH) since 2016. Dr. Britton’s experience in the healthcare field, which is relevant to certain customer relationships of the Company, has qualified him to serve as director of the Company. Dr. Britton will serve on the Asset Liability Committee.

Drs. Monaco and Britton were not elected pursuant to any arrangement or understanding between either of them and any other persons, and there are no transactions between the Company and either of Drs. Monaco and Britton or any of their immediate family members that require disclosure pursuant to Item 404(a) of Regulation S-K.

Drs. Monaco and Britton will receive the Company’s standard non-employee director compensation package for fiscal year 2020, which for a full year of service would include an annual retainer of $20,000, $500 per Company Board meeting attended, $1,000 per Bank Board meeting attended and $1,000 per committee meeting attended.

 

Item 9.01

Financial Statements and Exhibits

(d) Exhibits

 

99.1    Century Bancorp, Inc. press release dated October 13, 2020.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

CENTURY BANCORP, INC.

/s/ William P. Hornby

William P. Hornby, CPA
Chief Financial Officer and Treasurer

Dated: October 15, 2020

EX-99.1 2 d23582dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

FOR IMMEDIATE RELEASE

 

Contact:    Barry Sloane
   BSloane@CenturyBank.com
Phone:    781-393-4150

CENTURY BANK ANNOUNCES ADDITIONS TO BOARD OF DIRECTORS

MEDFORD, MA, Oct. 13, 2020 – Century Bank, New England’s largest family-controlled bank, has elected Dr. Anthony P. Monaco, President of Tufts University, and Dr. O’Neil Britton, Chief Medical Officer and Senior Vice President at Massachusetts General Hospital, to the Century Bancorp Board of Directors and the Century Bank and Trust Company Board of Directors.

“These new members were carefully chosen for their integrity, experience and diverse leadership backgrounds in health care and academia,” said Barry R. Sloane, Chairman, President and CEO of Century Bank. “The addition of President Monaco and Dr. Britton help ensure we are equipped with the knowledge, skills and perspectives needed as the bank continues to grow. We are fortunate to have them join us.”

“President Monaco and Dr. Britton embody the values that have been the foundation of Century Bank from the start - a commitment to excellence and best practices,” said Linda Sloane Kay, Vice Chair of Century Bank. “I know our Board of Directors are looking forward to utilizing their broad range of knowledge and insights.”

President Monaco has been the President of Tufts University since 2011. A distinguished leader, scientist and teacher, President Monaco’s achievements range from discovering the gene responsible for X-linked Duchenne muscular dystrophy to spearheading campus-wide efforts on diversity and inclusion, sexual misconduct prevention, student mental health and sustainable operations. President Monaco has recently taken on a leadership role in defining higher education’s mission in assisting community needs in response to COVID-19.

From Wilmington, Delaware, President Monaco earned his undergraduate degree at Princeton University and his M.D. and Ph.D. through Harvard Medical School’s Medical Scientist Training Program.

Dr. Britton has served as Chief Medical Officer and Senior Vice President at Massachusetts General Hospital (MGH) since 2016. Dr. Britton provides administrative oversight to numerous departments at MGH and continues to see patients, teach, and mentor house-officers and students in the role of a hospitalist. Prior to joining MGH, Dr. Britton was the Chief Health Information Officer for Partners Healthcare where he provided leadership in the development and implementation of Partners eCare, an initiative that changed care through the digitization of electronic medical records.

Born in Kingston, Jamaica, Dr. Britton immigrated to New York as a teenager. He is a graduate of the City College of New York and Rutgers New Jersey Medical School. He also completed the Deland Fellowship, an administrative fellowship in health care management at Brigham and Women’s Hospital.


About Century Bancorp, Inc.

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, with a full range of business, personal and institutional services. Century Bank is a member of the FDIC and is an Equal Housing Lender.

Corporate Headquarters is located at 400 Mystic Avenue, Medford, MA 02155. Branches are located in Allston, Andover, Beverly, Boston, Braintree, Brookline, Burlington, Cambridge, Everett, Lynn, Malden, Medford, Newton, Peabody, Quincy, Salem, Somerville, Wellesley, Winchester and Woburn. For more information, please visit CenturyBank.com.

###

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