Century Bank
Eastern Bank is a full-service regional bank serving retail consumers, small and medium-sized businesses, and commercial clients across Massachusetts, New Hampshire, Rhode Island, and Connecticut via branches, digital and telephone banking, with wealth management provided through its Cambridge Trust subsidiary.
- Company typePrivate
- Founded1987
- HeadquartersMedford, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Century Bank does
Eastern Bank is a full-service regional bank founded in 1987 and headquartered in Boston, Massachusetts, operating across Massachusetts, New Hampshire, Rhode Island, and Connecticut. The bank serves three primary customer segments — retail consumers, small and medium-sized businesses, and commercial/corporate clients — plus a wealth management and private banking book offered through its wholly owned subsidiary, Cambridge Trust. Core products include a tiered personal checking suite (Eastern Free, eZ, and Premier Checking), savings and CDs (with promotional rates up to 4.11% APY on an 18-month CD and 4.00% APY on Money Market Plus), debit Mastercard products, mortgages, a FlexEquity HELOC, personal and auto loans, business checking and treasury services, merchant services, and an extensive commercial lending platform spanning SBA lending (where Eastern has been #1 in Massachusetts for 17 consecutive years), commercial real estate, asset-based lending, franchise financing, community development lending, and innovation banking.
The technology stack centers on a digital banking platform that supports online and mobile account management, digital wallet integration (Apple Pay, Google Pay, Samsung Pay), bill pay, and a Voice ID voice-biometric authentication system for telephone banking. Business customers access a dedicated Eastern Digital Banking for Business platform and a separate Eastern Treasury & Business Banking portal, while Cambridge Trust wealth clients use the Total Wealth Portal. Distribution is multichannel: physical branches and ATMs across New England, web and mobile self-service, telephone banking with Voice ID, and field-based relationship coverage for commercial and wealth clients.
Revenue is generated primarily through net interest income on a diversified loan book (mortgages, commercial, SBA, consumer, HELOC, auto) and interest-earning assets, supplemented by non-interest fee income from deposit accounts, debit and credit card interchange, merchant services, cash management, and other banking service charges. Fee-based revenue is also generated through Cambridge Trust's wealth management and private banking services. Eastern markets through its corporate website, social media (Facebook, LinkedIn, X, YouTube, Instagram), the Eastern Bank Foundation for community engagement, an Investor Relations portal (investor.easternbank.com) consistent with its publicly traded holding company (Eastern Bankshares, Inc.), and the Eastern Financial Academy education platform. Certifications include Member FDIC and Equal Housing Lender, and the bank has been recognized as an Equality Leader in LGBTQ+ Workplace Inclusion (2026, Human Rights Campaign) and a Boston Business Journal Corporate Citizenship Honoree (2025).
Note on data provenance: the supplied input is labeled "Century Bank" but all substantive evidence (legal entity, products, pricing, branches, customer logos, awards, M&A references) pertains to Eastern Bank / Eastern Bankshares, Inc. This analysis reflects the only company with extractable evidence in the input.
Century Bank firmographics
Firmographics- Name
- Century Bank
- Legal name
- Eastern Bankshares, Inc.
- Website
- https://centurybank.com
- Company type
- Private
- Founded year
- 1987
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Eastern Bank is a full-service regional bank serving retail consumers, small and medium-sized businesses, and commercial clients across Massachusetts, New Hampshire, Rhode Island, and Connecticut via branches, digital and telephone banking, with wealth management provided through its Cambridge Trust subsidiary.
- Ownership category
- akta.pro rank
Century Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221), Commercial Banking (522110)
- SIC
- National Commercial Banks (6021), State Commercial Banks (6022)
- akta.pro primary industry
- Digital Banking & Neobank Platforms (BPAMAFAD)
- akta.pro secondary industry
- Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Century Bank is headquartered
LocationHeadquarters
- HQ city
- Medford
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Century Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income from Lending: Eastern Bank generates revenue primarily through interest income on loans including mortgages, commercial loans, business lending, auto loans, personal loans, and home equity lines of credit. The bank also earns interest on securities and other interest-earning assets.
- Non-Interest Income: Fees from deposit account maintenance, debit card transactions, credit card interchange, merchant services, cash management services, wealth management fees, and other banking service charges.
- Wealth Management Services: Through its Cambridge Trust affiliation, Eastern Bank offers wealth management and private banking services generating fee-based revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Eastern Free Checking — No monthly fee, no minimum balance required |
| Subscription | Annual | 18-Month CD — 4.11% APY |
| Subscription | Monthly | Money Market Plus — Up to 4.00% APY |
| Subscription | — | Premier Money Market — Variable rate |
| Subscription | — | Eastern Premier Checking — Premium tier checking |
| Other | — | Eastern eZ Checking |
| Other | — | Mortgages and Lending Products — Rate upon application |
Go-to-market motion1 record
Distribution channels7 records
Marketing channels7 records
Century Bank product offering
Product offeringCore offering
Century Bank is a regional community bank that provides a full range of deposit accounts, consumer and commercial loans, mortgages, debit and credit cards, and digital banking services to individuals and businesses. It also offers treasury management, online banking, and wealth management solutions through its branch network and digital channels.
Product overview
Eastern Bank is a full-service regional bank offering a unified platform of personal, business, and commercial banking products. The personal banking suite includes multiple checking account tiers (Eastern Free Checking, Eastern eZ Checking, Eastern Premier Checking), savings products (Money Market, CDs, Prime Liquid Assets), debit cards (standard and Premium Debit Mastercard), mortgages, home equity products (FlexEquity HELOC), and personal loans. Business banking is delivered through the Eastern Digital Banking for Business platform providing online banking, treasury management, merchant services, and specialized SBA lending. Commercial banking encompasses Innovation Banking, Commercial Real Estate, Asset-Based Lending, Community Development Lending, and Franchise Financing. Wealth and private banking services are provided through the Cambridge Trust subsidiary. The bank recently launched promotional CD and Money Market products with competitive APY rates and maintains a strong market position as the #1 SBA Lender in Massachusetts for 17 consecutive years.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Day-to-day consumer checking accounts with debit card access, online banking, and bill pay features for individual account holders.
- Personal Savings Accounts Interest-bearing savings accounts for individuals seeking to accumulate funds with FDIC-insured protection and easy access.
- Business Checking Accounts Commercial checking accounts designed for small and medium-sized businesses, supporting multiple users, check imaging, and electronic statements.
- Residential Mortgage Loans Home purchase and refinance mortgages for individuals and families, with fixed-rate and adjustable-rate options and local origination.
- Commercial Loans Term loans and lines of credit for small and medium-sized businesses supporting working capital, expansion, and equipment financing.
- Online and Mobile Banking Digital banking platform accessible via web and mobile applications enabling account management, transfers, bill pay, and remote deposit capture for consumer and business customers.
- Debit and Credit Cards Card products issued to consumer and business account holders for point-of-sale purchases, ATM access, and credit financing.
- Treasury Management Services Cash management, wire transfer, ACH, and positive pay services for business clients to manage liquidity and payment operations.
Quantifiable outcome
- #1 SBA Lender in Massachusetts for 17 consecutive years
- +3 more outcomes
Companies that use Century Bank
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles2 records
Century Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature3 records
Century Bank partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Wood PartnerscoreEastern Bank and Wood Partners have a more than decade-long relationship, having financed nine multifamily construction projects together. The most recent project is Alta Altitude, a 214-unit, 100% market-rate apartment development in Warwick, RI. Eastern provided the construction loan for this project, marking the ninth multifamily construction project Eastern financed for Wood Partners and the first in Rhode Island.
- Cambridge Trust (Wealth Management)coreEastern Bank maintains an affiliation with Cambridge Trust for wealth management and private banking services. Cambridge Trust operates as a separate entity under the Eastern Bank umbrella, offering total wealth portal access, investment management, and private banking services to Eastern Bank customers.
Scale indicators2 records
Recent moves6 records
Expansion highlights6 records
Century Bank competitors and assessment
Company assessmentRegional players
- Salem Five Bank: Massachusetts mutual savings bank competing for the same household deposits, mortgages, and small business lending across Eastern's core North Shore and Greater Boston market.
- Washington Trust Bancorp: Rhode Island-headquartered community bank with wealth management and commercial lending, comparable in size and product mix and directly relevant to Eastern's 2025 Rhode Island expansion.
Direct peers
- Rockland Trust (Independent Bank Corp): Massachusetts-based community and commercial bank offering personal, business, and wealth management services across New England with a comparable branch footprint and SMB lending focus.
- Berkshire Hills Bancorp: New England regional bank with consumer, small business, and wealth management offerings, operating across Massachusetts, Connecticut, New York, and Vermont with similar SBA and CRE lending exposure.
- Cambridge Savings Bank: Mutual savings bank headquartered in Cambridge, MA competing directly with Eastern for Greater Boston retail deposits, small business banking, and CRE lending.
- HarborOne Bank: Massachusetts and Rhode Island community bank with retail, small business, and CRE lending; the company data references a HarborOne first-time login on Eastern's site, evidencing an M&A or integration tie between the two.
- Brookline Bancorp: Greater Boston commercial and retail bank with deposit products, commercial lending, and wealth management, overlapping directly with Eastern's core Massachusetts footprint.
Broad incumbents
- Webster Financial: Larger New England/Northeast commercial bank offering consumer, business, and commercial banking plus HSA banking, operating at a broader scale than Eastern across overlapping Northeast markets.
- M&T Bank: Super-regional commercial bank with expanding Massachusetts and broader New England presence, competing for middle-market commercial lending and SMB cash management accounts.
- Citizens Financial Group: Super-regional bank with a deep New England branch presence, full consumer/commercial/wealth product suite, and stronger digital scale, competing for the same SMB and retail deposits Eastern targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Century Bank social profiles
Digital presenceCentury Bank compliance and trust
Trust signalCompliance2 records
Century Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Century Bank leadership team
Management profileNumber of profiles
Century Bank subsidiaries and ownership
Company hierarchySubsidiaries1 record
Century Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Century Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Century Bank
What does Century Bank do?
Century Bank is a regional community bank that provides a full range of deposit accounts, consumer and commercial loans, mortgages, debit and credit cards, and digital banking services to individuals and businesses. It also offers treasury management, online banking, and wealth management solutions through its branch network and digital channels.
Is Century Bank a public or private company?
Century Bank is a private company. It is classified as unknown and is currently operating.
When was Century Bank founded?
Century Bank was founded in 1987. It employs 501 to 1,000 people.
Where is Century Bank based?
Century Bank is headquartered in Medford, United States, in the North America region.
How does Century Bank make money?
Three revenue lines are on record. Interest Income from Lending is the primary driver. The others are non-Interest Income and wealth Management Services.
Who are Century Bank's main competitors?
Regional players on record are Salem Five Bank and Washington Trust Bancorp. Direct peers are Rockland Trust (Independent Bank Corp), Berkshire Hills Bancorp, Cambridge Savings Bank, HarborOne Bank and Brookline Bancorp. Broad incumbents are Webster Financial, M&T Bank and Citizens Financial Group.
Does Century Bank have an API?
No public API is recorded for Century Bank.
What industry is Century Bank in?
Century Bank's product category is Community Banking. Its primary akta.pro industry code is BPAMAFAD, Digital Banking & Neobank Platforms, with a secondary code of FSABAAAC, Credit Cards & Revolving Credit. Its NAICS code is 52211 and its SIC code is 6021.