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Press release content from Business Wire. The AP news staff was not involved in its creation. Eastern Bankshares, Inc. and Century Bancorp, Inc. Enter Into Definitive Agreement To Merge April 8, 2021 GMT BOSTON & MEDFORD, Mass. (BUSINESS WIRE) Apr 7, 2021 Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, and Century Bancorp, Inc. (Nasdaq: CNBKA) (“Century”), the stock holding company for Century Bank and Trust Company (“Century Bank”), today jointly announced they have entered into a definitive all-cash merger agreement with an aggregate transaction value of $642 million. This in-market transaction comes less than six months after Eastern’s initial public offering that raised approximately $1.7 billion in equity capital.

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