Century Bank Supporting Those Affected by COVID-19
26 Marzo 2020 - 7:00PM
Business Wire
Century Bank, an Essential Business, announces its commitment to
the health and safety of its customers, colleagues and community.
“The coronavirus (COVID-19) has unexpectedly turned the economy
upside down and we want to help alleviate financial hardship to
those impacted,” said Barry R. Sloane, Chairman, President and CEO
of Century Bank. “During this difficult time, it is of the upmost
importance to maintain open communication with our customers and
colleagues as we adjust to the new normal.”
Century Bank has made adjustments to offer assistance in
response to COVID-19:
For its Customers
- Qualified customers can obtain a modified loan payment for up
to three months
- No homeowner with a Century Bank mortgage will face foreclosure
for at least the next six months
- Increased debit card limit
- Increased ATM cash withdrawal limit
- Overdraft fees waived when appropriate
- CD early withdrawal penalties waived for clients significantly
impacted by the pandemic
- Increased mobile deposit limits
For its Communities
“Century Bank continues to provide financial and leadership
contributions to community organizations directly engaged in the
treatment, support and recovery from the pandemic,” said Linda
Sloane Kay, Vice Chair of Century Bank.
For its Colleagues
Century Bank has reduced face-to-face meetings, where possible,
and closed branch lobbies to prevent the virus spread. The Bank
continues to provide uninterrupted ATM, online banking and
full-service drive-up window facilities. All other financial
operations remain unaffected.
Century Bank has taken necessary steps to keep its employees
safe so that they can continue to deliver exceptional service for
its customers. Steps taken include, but are not limited to:
- Increasing employee education regarding appropriate hygiene and
disinfecting areas, following the CDC guidelines
- Monitoring potential outbreaks within the communities it
serves
- Practicing social distancing in the workplace to avoid
exposure
- Limiting meetings to phone calls and teleconference as much as
possible
- Allowing employees to work-from-home whenever possible
- Providing gloves and face masks for associates operating the
drive-up windows and other areas as necessary
The Bank will continue to monitor the COVID-19 situation to
determine if additional steps are needed to support the local
community, its colleagues and its clients. Updates and resource
information are available on its website, CenturyBank.com.
About Century Bank
Century Bank operates 27 full-service branches in 19 cities and
towns throughout Massachusetts. Founded in Somerville in 1969 by
Marshall M. Sloane, Century Bank is New England's largest
family-run bank. The Sloane family has continued to grow Century
into a bank that families rely on - a place where you can count on
getting both personal attention, and sophisticated financial
solutions. Century Bank, headquartered in Medford, Massachusetts,
employs over 400 associates and has $5.5 billion in assets.
Century Bank is a member of the FDIC and an Equal Housing
Lender.
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version on businesswire.com: https://www.businesswire.com/news/home/20200326005598/en/
Barry R. Sloane Chairman, President & CEO
BSloane@CenturyBank.com (781) 393-4150
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