Eastern Bankshares, Inc. the stock holding company for Eastern Bank, and Century Bancorp, Inc., the stock holding company for Century Bank and Trust Company (Century Bank), a full service commercial bank with a full range of business, personal and institutional services, jointly announced they have received the necessary regulatory approvals from the Commonwealth of Massachusetts Division of Banks, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System to complete their proposed merger (the Merger). The Merger is expected to close in the mid-fourth quarter of 2021. On April 7, 2021, Eastern and Century announced they had entered into a definitive agreement to merge. On July 7, 2021, Centurys shareholders approved the agreement and plan of merger. The Merger is expected to solidify Easterns leading position in Boston and Eastern Massachusetts.