Central Bancorp (CEBK) 8-K Other Events

News Release

FOR IMMEDIATE RELEASE

Contact:     Paul S. Feeley

                    Senior Vice President, Treasurer and

                         Chief Financial Officer

                     (617) 628-4000

CENTRAL BANCORP, INC. DECLARES QUARTERLY

COMMON STOCK CASH DIVIDEND

SOMERVILLE, MASSACHUSETTS, April 15, 2010 — Central Bancorp, Inc. (NASDAQ Global Market: 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 21, 2010 to stockholders of record on May 7, 2010.

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.