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Century Bancorp Leaps on Deal to Be Bought by Eastern Bankshares

April 8, 2021

Via: TheStreet

Eastern Bankshares EBC, the Boston bank-holding company that went public in October, agreed to pay $115.28 a share cash, or $642 million, for Century Bancorp.

The accord boosted the shares of Century Bancorp, Medford, Mass. At last check they were 25% higher at $114.15. Eastern Bankshares was off 1.6% at $18.90 a share.

Eastern Bankshares operates Eastern Bank. Century Bancorp is the parent of Century Bank & Trust Co.

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