Central Bank is a full-service community banking operation that provides a variety of deposit and lending services, including savings and checking accounts for retail and business customers, mortgage loans for constructing, purchasing and refinancing residential and commercial properties, and loans for education, home improvement and other purposes. Its legal legal name is Central Co-Operative Bank. The bank was created as a Massachusetts chartered co-operative bank to provide savings deposits and originate mortgage loans. The Bank operates full-service offices in the Massachusetts communities of Somerville, Arlington, Burlington, Chestnut Hill, Malden, Medford, Melrose and Woburn. The Bank also operates a branch at Woburn High School that is available only for faculty, staff and students of the school. Central Bank offers a variety of products and services to help clients meet their everyday banking needs: Checking Accounts, Savings Accounts, Master Money ATM/Debit Card, ATM Card, Money Market Accounts, Certificates of Deposit, Individual Retirement Accounts, Other Products and Services. They also have a variety of products and services to help meet the needs of businesses of many sizes: Checking Accounts, Debit Business Card, Savings Accounts, Ideal Business Money Market Account, Business Certificates of Deposit.
HQ Address: 399 Highland Avenue, 02144, Somerville, MA, USA
Centra Bank was founded in 1915. Between 1970 and 1982, the Bank grew through mergers with six other Massachusetts co-operative banks. In October 1986, Central Bank became a public company by converting to a capital stock co-operative bank. In 1994, Central Bank acquired Metro Bancorp, the parent company of Metropolitan Bank and Trust Company. In 1999, Central Bancorp became the holding company for Central Bank.