Central Bancorp, Inc. Declares Its Regular Quarterly Cash Dividend

Central Bancorp, Inc. (NASDAQ: CEBK) announced that its Board of Directors declared its regular quarterly cash dividend of eighteen ($0.18) cents per share, payable on August 15, 2008, to stockholders of record as of August 1, 2008.

Central Bancorp, Inc. is the holding company for Central Bank, whose legal name is Central Co-operative Bank, a Massachusetts-chartered co-operative bank operating nine full-service banking offices, a limited service high school branch in suburban Boston and a standalone 24-hour automated teller machine in Somerville.