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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



       Date of Report (Date of earliest event reported): November 7, 2002


                              CENTRAL BANCORP, INC.
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             (Exact name of registrant as specified in its charter)


      MASSACHUSETTS                   0-25251                    04-3447594
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(State or other jurisdiction         (Commission              (I.R.S. employer
      of incorporation)              file number)            identification no.)



         399 HIGHLAND AVENUE, SOMERVILLE, MASSACHUSETTS          02144
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            (Address of principal executive offices)           (Zip code)


       Registrant's telephone number, including area code: (617) 628-4000
                                                           --------------




                                 NOT APPLICABLE
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          (Former name or former address, if changed since last report)





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ITEM 5.  OTHER EVENTS
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     On November 7, 2002, the Registrant issued a press release  announcing that
the Board of  Directors  had  determined  that it was in the best  interests  of
stockholders to remain  independent.  The Registrant also announced that John D.
Doherty had been named to the additional  post of Chairman of the Board and that
Paul Bulman, Marat Santini and John Gilgun, Jr. had been elected as directors of
the Company's  principal  subsidiary,  Central  Co-operative  Bank.  For further
information, reference is made to the Registrant's press release, dated November
7, 2002,  which is attached  hereto as Exhibit 99.1 and  incorporated  herein by
reference.


ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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     The following is a list of exhibits  filed with this Current Report on Form
8-K.

  Exhibit No.              Description
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     99.1                  Press Release, dated November 7, 2002

                                     Page 7


                                   SIGNATURES



     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                      CENTRAL BANCORP, INC.



Date:  November 7, 2002               By:/s/ John D. Doherty
                                         --------------------------------
                                         John D. Doherty
                                         President