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EX-99.1 - CENTRAL BANCORP INC /MA/central8kaug2-11release.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  August 2, 2011
 
CENTRAL BANCORP, INC.
(Exact Name Of Registrant As Specified In Charter)
 
Massachusetts
0-25251
04-3447594
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)


399 Highland Avenue, Somerville, Massachusetts  02144
(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (617) 628-4000


Not Applicable
 (Former Name Or Former Address, If Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


 
 

 

Item 8.01  Other Events.
 
On August 2, 2011, Central Bancorp, Inc. (the “Company”) issued a press release announcing that it has received preliminary approval to receive an investment of up to $10.0 million in the Company's preferred stock from the United States Department of the Treasury under the Small Business Lending Fund (the "SBLF"). The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at favorable rates.  

The Company intends to use up to $10.0 million in SBLF funds to redeem the shares of preferred stock issued to the Treasury under the TARP Capital Purchase Program. Subject to review of the SBLF documentation and final due diligence by the Treasury, the Company expects to seek the full amount of the approved investment. Closing is expected to occur during August 2011.

A copy of the Company’s press release is attached to this Report as Exhibit 99.1 and is incorporated herein by reference.  

 
Item 9.01  Financial Statements and Exhibits.
 
      (d)                 Exhibits

Number      Description

       99.1                     Press Release dated August 2, 2011



 
 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  CENTRAL BANCORP, INC.  
       
Date:  August 3, 2011
By:
/s/ Paul S. Feeley  
    Paul S. Feeley  
    Senior Vice President, Treasurer and Chief Financial Officer