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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): March 5, 2003


                              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                  (IRS 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
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                                 NOT APPLICABLE
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          (Former Name Or Former Address, If Changed Since Last Report)



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ITEM 5.  OTHER EVENTS AND REQUIRED FD DISCLOSURE
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     Central Bancorp,  Inc. issued a press release today announcing that it will
record a provision  in the fourth  quarter of the fiscal  year ending  March 31,
2003 of approximately $850,000, representing an estimate of the additional state
tax  liability,  including  interest  (net of any federal or state tax deduction
associated with such taxes and interest),  relating to a newly enacted state law
disallowing the deduction for dividends  received by Central  Co-operative  Bank
from its real estate  investment  trust  subsidiary  for the 2000  through  2003
fiscal years,  thus reducing earnings for the fourth quarter of fiscal year 2003
by that amount.

     For additional  information,  reference is made to the  Registrant's  Press
Release,  dated  March 7, 2003  which is  attached  hereto as  Exhibit  99.1 and
incorporated by reference herein.

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 March 7, 2003



                                   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:  March 7, 2003                 By: /s/ John D. Doherty
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                                         John D. Doherty
                                         Chairman, President and Chief Executive
                                         Officer