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Century Bank was a bank based in Massachusetts. It was founded in Somerville, Massachusetts in 1969 by Marshall M. Sloane and at one point became the state's largest family-run bank. [ 2 ] Century Bank had over $6 billion in assets with 27 offices in 19 cities and towns in Massachusetts. [ 2 ]
U.S. Century Bank is a Minority Depository Institution (MDI) operating in South Florida. As of March 2024, it has $2.5 billion in total assets , $195.0 million in equity capital , and a branch network that includes 10 locations in Miami-Dade and Broward counties.
In 1969, Sloane founded Century Bank. He was a Trustee of Boston University, [3] his alma mater [4] (Questrom School of Business). [5] In 2007, he stepped down as Chair of Boston University School of Dental Medicine Board of Visitors after 17 years. [6] Sloane was awarded the Boy Scouts of America's Silver Buffalo Award. [7]
Year Company Country (historic) Country (modern) Notes 1472 Banca Monte dei Paschi di Siena: Siena, Republic of Siena Italy The world's oldest bank. Founded as a mount of piety, refounded in its present form in the Republic of Florence in 1624
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Additionally, MidFirst Bank has commercial lending offices in Atlanta, Chicago, Nashville, New York City, Orlando and Southern California. They serve Southern California through 1st Century Bank, a division of MidFirst Bank. [4] [5] They also operate MidFirst Business Credit as a subsidiary of MidFirst Bank. [6]
In June 1997, New Century Bank was founded as a private bank in Phoenixville, Pennsylvania by Ken Mumma. It had five branches in Pennsylvania. The bank had about $265 million in total assets and $229 million in deposits by 2009, however of its $226 million lending portfolio, $186 million was real estate-related and considered bad loans amidst the Great Recession.
Net income had reached $1.35 billion by 1994. Norwest had grown into this position of strength without completing any of the blockbuster mergers that shook up the banking industry in the 1990s, but in June 1998 the bank announced the pending merger with San Francisco-based Wells Fargo & Company in a stock swap worth $34 billion. [1]