Central Bancorp, Inc. (NASDAQ:CEBK) announced that the U.S. Department of Treasury has invested $10.0 million in the Company's preferred stock 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 initial interest rate on the SBLF funds will be 5% and may be decreased to as low as 1% if the Company experiences specific growth rates in its small business lending portfolio.

Central Bancorp, Inc. operates as the holding company for Central Co-operative Bank, which provides a range of banking products and services in the northwestern suburbs of Boston, Massachusetts.

Read more at: http://crwewallstreet.com/?p=21179