Monday, November 28, 2016

Mass. bank quietly opens vault to marijuana businesses

Century Bank's branch in Boston's Financial District.In many ways, Century Bank seems like a typical sleepy New England bank. It’s family-run, with founder Marshall Sloane still serving as chairman into his 90s and son Barry working as CEO. It gives hundreds of thousands of dollars to local charities while still turning a neat profit every year. It carries a conservative reputation, careful about to whom, and under what conditions, it lends money.

But in one sense, Century is anything but typical: It is the only bank in Massachusetts known to do business with marijuana dispensaries.. . . more

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