Review Mortgage Lenders

Century Bank

Clashes continue in row over Indonesia's Century Bank bailout

Anti-government protesters scuffled for a second day with police outside the Indonesian parliament on Wednesday, as inside lawmakers argued over ...

Cuban Club in Ybor City tries to convince financiers it does no business in Cuba

YBOR CITY The historic Cuban Club is planning to start some renovations as soon as a $190,000 loan already approved hits the bank.

That was supposed to happen Friday. On Tuesday evening, the club still was waiting.

The reason has nothing to do with the clubs credit. Instead, its about long-standing trade laws banning most U.S. financial transactions with a country shunned by the federal government for embracing Marxism more than five decades ago.

The Cuban Club, it seems, has "Cuban" in its name.

Financial institutions flag any transaction with phrases related to Cuba until it can be verified through research by the institution or by the U.S. Treasury Departments Office of Foreign Assets Control.

The money should be freed up this week, once everyone is convinced no business is being done with Cuba, said Patrick Manteiga, secretary of the Cuban Clubs 501(c)(3) fundraising foundation.

Still, Manteiga isnt happy.

"This is word discrimination," he said. "And this could affect us again.

Contrasting Century Bancorp (NASDAQ:CNBKA) & The Competition

Century Bancorp Company Profile

Century Bancorp, Inc. is a state-chartered bank holding company. The Company has a banking subsidiary: Century Bank and Trust Company (the Bank). The Company offers a range of services to commercial enterprises, state and local Governments and agencies, non-profit organizations and individuals. It operates approximately 30 banking offices in 20 cities and towns in Massachusetts, ranging from Braintree in the south to Andover in the north. The Bank’s customers consist primarily of small and medium-sized businesses and retail customers, as well as local governments and institutions throughout Massachusetts, New Hampshire, Rhode Island, Connecticut and New York. It provides commercial loans; real estate and construction loans, and consumer loans, and accepts savings, time and demand deposits. In addition, it offers automated lock box collection services, cash management services and account reconciliation services to its corporate and оформить кредит под залог.