CEBK Central Bancorp, (MM)

Central Bancorp, Inc. (NASDAQ: CEBK) (the "Company") today announced that the Company's Board of Directors has declared a quarterly common stock cash dividend of five ($0.05) cents per share, payable on or about May 20, 2011 to stockholders of record on May 6, 2011.

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.

Contact: Paul S. Feeley Senior Vice President, Treasurer and Chief Financial Officer (617) 628-4000