September 23, 2014 9:53 PM ET

Banks

Company Overview of Century Bank

Company Overview

Century Bank offers investment and transaction deposit accounts, and various loan services for businesses and individuals in New Mexico. Its services for individuals include checking, savings, online banking and bill pay, personal loans, real estate loans, and trust services. The company’s services for businesses include checking; savings, money market, and CDs; banking services; business loans; and business online banking. It also offers telephone banking, mobile banking, and ATM network for its customers. Century Bank was formerly known as Century Bank FSB and changed its name to Century Bank in December 2007. The company was founded in 1887 and is based in Santa Fe, New Mexico with branch...

100 South Federal Place

Santa Fe, NM 87501

United States

Founded in 1887

Phone:

505-995-1200

Fax:

505-982-3806

Key Executives for Century Bank

Century Bank does not have any Key Executives recorded.

Century Bank Key Developments

Allegations against the Oregon-Based Bank Include Millions in Fraudulent Transfers

The court-appointed trustee overseeing the bankruptcy of Berjac has sued Umpqua Bank and three other banks, claiming they enabled and prospered off what is alleged to be a long-running Ponzi scheme that cost investors about $40 million. Thomas Huntsberger filed an adversary proceeding seeking at least $50 million in damages from Umpqua, along with Pacific Continental Bank, Century Bank and Summit Bank. The four banks provided the lines of credit that were an essential component to the continuation of the Ponzi scheme. The trustee alleges the banks made fraudulent transfers and is seeking $27.7 million from Umpqua Bank, $22.9 million from Century Bank, $6.3 million from Pacific Continental and $251,906 from Summit. The trustee is also seeking $10 million in punitive damages.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 15, 2014
Valley National Bank
 

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