CenterBank opened for business today at 9 a.m. at a temporary location at 1127 Main Street in Milford. The institution is scheduled to move during the 4^th quarter of 2000 to its permanent location at 746 State Route 28 in Milford.

“Since 1995, the Division of Financial Institutions has chartered 11 new banks throughout the state,” said F. Scott O’Donnell, Superintendent of Financial Institutions. “We are pleased that CenterBank will provide another option for consumers when deciding where to conduct their banking business.”

Superintendent O'Donnell issued the Certificate of Authority to Commence Business on March 13. The chief executive officer of the bank is Joseph Boruszewski.

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The Ohio Department of Commerce's Division of Financial Institutions regulates Ohio's state-chartered financial institutions. In addition to financial institutions, Commerce also regulates securities, industrial compliance, fire codes, unclaimed funds, liquor, and real estate, among other industries. The department's internet address is www.com.state.oh.us