Century Bank Opens Two Branches in Medford
The ribbon-cutting ceremony for Century Bank’s new branch at the Fellsway Plaza. From left: Joseph J. Senna, Esq.; Jonathan Sloane, Co-President and Co-CEO; Barbara Sloane, wife of Marshall Sloane; Marshall Sloane, Chairman of the Board and Founder of Century Bank; James Flynn, Senior Vice President; Cheryl White, Medford Chamber of Commerce; Mayor Michael McGlynn; Barry Sloane, Co-President and Co-CEO; Michelle English, Fellsway Branch Manager; and Linda Sloane Kay, Vice-President, Business Development. Courtesy photo.
Story Updated 8:32 PM Wednesday, May 7, 2008
– Allison Goldsberry
Century Bank opened the doors of two brand new branches in Medford Monday, one in the heart of Medford Square and another at the Fellsway Plaza.
The first grand opening was at 10AM in Medford Square at a site once occupied by Papa Gino’s. Mayor Michael McGlynn was one of the ceremonial ribbon-cutters for this event.
The bank spent $500,000 to transform the former pizza place into a state-of-the-art bank branch with energy efficient glass and WiFi accessibility. The bank also plans to spruce up the small plaza in front to make it more of a park where people can sit and take advantage of the free wireless internet.
The second grand opening was at 4PM at the Fellsway Plaza. The bank has moved into a building formerly occupied by Eastern Bank.
The ribbons at both ribbon-cutting ceremonies were made of $500 in bills, and both ribbons were donated to the city’s two middle schools.
“Century Bank is a real asset to Medford and the Bank’s donation to our schools, as well as its strengthened presence through its two new locations, reaffirms its commitment to our community,†said Mayor McGlynn.
“We’re proud to be an integral part of the Medford community. Expanding our branch network further demonstrates our commitment as the premier local banking institution,†said Co-CEO Barry Sloane.
“As a local family-run bank, giving back to our community is central to what we stand for as a good neighbor. Century Bank has played a vital role in the revitalization of Medford Square. This move will help to expand the City’s economic base,” said Co-CEO Jonathan Sloane.”
Century Bank moved its headquarters to Mystic Avenue in Medford over two years ago. The bank was founded in Somerville in 1969 by Marshall Sloane and has twenty-five branches in the Greater Boston area.