Century Bancorp Says Will Buy Back Up to 300k Shares

Century Bancorp Inc.

(www.centurybank.com), the parent company of Century Bank and Trust Company, announced today that its Board of Directors has approved a reauthorization of the stock repurchase program. Under the program, the Company is reauthorized to repurchase up to 300,000 or less than 9% of Century Bancorp Class A Common Stock outstanding. This vote supercedes the previous program voted by the Board of Directors on July 12, 2011, which also authorized the Company to repurchase up to 300,000 or less than 9% of Century Bancorp Class A Common Stock.