Meet this week’s “Special Person of the Week:Marshall M. Sloane
Marshall M. Sloane was born and raised in Somerville, Massachusetts. He graduated from Somerville High School, attended Boston University and received and Honorary Doctorate of Humane Letters from Salem State College, as well as an Honorary Doctor of Laws degree from Southern New England School of Law. He served in the U.S. Navy during World War II.
The Sloane family arrived in Somerville more than 100 years ago. Mr. Sloane’s father, Jacob, started a furniture business in Magoun Square in 1912, which Marshall took over in 1952.
In 1959, Mr. Sloane opened Community Cooperative Bank across from the Sloane Furniture Store in Magoun Square; and in 1969, Mr. Sloane founded Century Bank and Trust Company, a full-service commercial community bank whose focus was and remains providing financial services to small and medium sized businesses. Mr. Sloane is Chairman of the Bank and also serves as Chairman of Century Bancorp, Inc.
A strong believer in community involvement, Mr. Sloane’s extensive work and accomplishment in community affairs have been widely recognized. In appreciation for the Sloane Family’s many years of community service and contributions to the City of Somerville, on September 21, 2006, the City of Somerville named Magoun Square – The Jacob George Sloane Square in honor of Marshall Sloane’s father’s contributions and community service to the city and service to his country in WWI.
Wherever there is a charitable cause that needs help, Marshall M. Sloane is always there to help out.
We here at the Somerville News Weekly salute you for everything that you do to make Somerville a better place.