U.S. CENTURY BANK

U.S. Century Bank is a community bank headquartered in Doral, Florida, and focused on the South Florida market. Established in 2002 with $23 million in initial capital, the bank was created to provide financial services to Hispanic-owned businesses and other communities that were underserved by larger financial institutions. Its identity has remained closely associated with South Florida’s Hispanic and minority business communities, reflected in its majority-Hispanic board at formation and its status as a Minority Depository Institution. The bank expanded primarily through organic growth during its first decade. By 2009, it had reached approximately $2 billion in assets, although the financial crisis placed significant pressure on its asset quality, earnings, capital, liquidity, and risk profile. U.S. Century participated in the U.S. Department of the Treasury’s Troubled Asset Relief Program Capital Purchase Program during the downturn. After missing multiple TARP dividend payments, it became subject to additional federal oversight, and the Federal Deposit Insurance Corporation issued a consent order in 2011 addressing several areas of bank management and financial condition. The bank returned to profitability in 2010, but continued restructuring and recapitalization were required before its regulatory difficulties were resolved. A major recovery step came in 2015, when U.S. Century completed a $65 million recapitalization after earlier attempts had not closed. A leadership transition followed in December 2015, when Luis de la Aguilera, formerly associated with TotalBank, became president and chief executive officer. The new management team undertook changes to the loan portfolio and broader restructuring. By April 2016, the bank had returned to profitability, and the FDIC lifted the consent order. Aida Levitan became board chair in 2017, succeeding R. Alexander Acosta, who had left the chairmanship after being confirmed as United States secretary of labor. U.S. Century Bank became a publicly traded institution in 2021. Its parent company, USCB Financial Holdings, Inc., filed for an initial public offering that July, priced the offering at $10 per share, and began trading on the Nasdaq Global Market under the symbol USCB on July 23, 2021. The bank continued expanding its balance sheet, surpassing $2 billion in assets in July 2022 and ranking among the larger community banks in South Florida by assets that year. During the COVID-19 pandemic, the bank participated in the federal Paycheck Protection Program and processed more than $168 million in loans intended to support small businesses, including minority-owned businesses in South Florida. Its community-bank model combines commercial and small-business banking with consumer deposit and lending services. The branch network covers Miami-Dade and Broward counties, with locations in Aventura, Coral Gables, Doral, Hialeah, Hialeah Gardens, Hollywood, Miami, and Miami Lakes. The bank is a member of the Federal Deposit Insurance Corporation, with deposits insured to applicable legal limits. As of June 2026, the referenced material describes the bank as having approximately $3.0 billion in total assets, $233.2 million in equity capital, and ten branches.

U.S. Century Bank was established in 2002 in South Florida with $23 million in capital. Its original purpose was to extend banking services to Hispanic-owned businesses and related local communities. The institution developed as a community bank rather than as a national consumer brand, building its business through local relationships, commercial lending, deposit gathering, and branch-based service. Its board had a Hispanic majority during the bank’s early years, reinforcing its role as a Minority Depository Institution. The bank grew rapidly during the 2000s and reached approximately $2 billion in assets by 2009. The financial crisis then exposed weaknesses in its asset quality, management, earnings, capital, liquidity, and sensitivity to market risk. U.S. Century received assistance through the U.S. Treasury’s TARP Capital Purchase Program. After eight missed TARP dividend payments, the Treasury placed a federal observer on the bank’s board in 2011. In the same year, the FDIC issued a consent order covering the institution’s financial condition and management controls. Despite those difficulties, U.S. Century returned to profitability in 2010 and ended 2011 with approximately $1.26 billion in deposits and $1.11 billion in loans. The bank later pursued a substantial recapitalization. Regulatory approval for a $65 million transaction was announced in February 2015, shareholder approval followed in March, and the recapitalization closed on March 18. In December 2015, Luis de la Aguilera became president and chief executive officer. Under the new leadership, U.S. Century restructured portions of its loan portfolio and changed its executive management. The bank returned to profitability in April 2016, after which the FDIC removed the consent order. R. Alexander Acosta, who had become chairman in 2013, left the position after his confirmation as U.S. secretary of labor in April 2017. Aida Levitan was subsequently named board chair. The bank continued operating as a South Florida-focused institution with branches across Miami-Dade and Broward counties. In 2021, the parent company, USCB Financial Holdings, pursued an initial public offering. The offering was priced at $10 per share, and the shares began trading on Nasdaq under the symbol USCB on July 23. U.S. Century later exceeded $2 billion in assets in July 2022. During the COVID-19 crisis, it supported local businesses through the federal Paycheck Protection Program, processing more than $168 million in loans, including financing for small minority-owned businesses. The bank’s current identity is that of a locally embedded commercial and community bank. Its services include business and consumer deposits, commercial and small-business loans, residential lending, cash-management services, and digital banking. The branch network includes ten locations in Miami-Dade and Broward counties. The referenced material identifies Doral as its headquarters and describes the bank as FDIC-insured and rated five stars by Bauer Financial. It also reports approximately $3.0 billion in total assets and $233.2 million in equity capital as of June 2026.

• 2023

  Chairmanship passes to Luis de la Aguilera

  [1]U.S. Century Banken.wikipedia.org

  Luis de la Aguilera was appointed chairman of both USCB Financial Holdings and U.S. Century Bank, succeeding Aida Levitan.

• 2022

  Assets exceed $2 billion

  [1]U.S. Century Banken.wikipedia.org

  The bank surpassed $2 billion in assets on July 28.

• 2021

  Initial public offering and Nasdaq listing

  [1]U.S. Century Banken.wikipedia.org

  USCB Financial Holdings priced its IPO at $10 per share, and the shares began trading on Nasdaq under the symbol USCB.

• 2017

  Aida Levitan becomes board chair

  [1]U.S. Century Banken.wikipedia.org

  Aida Levitan succeeded R. Alexander Acosta as chairman of the board.

• 2016

  Consent order lifted

  [1]U.S. Century Banken.wikipedia.org

  After returning to profitability and restructuring its loan portfolio, the bank had the FDIC consent order lifted.

• 2015

  $65 million recapitalization closes

  [1]U.S. Century Banken.wikipedia.org

  The bank completed a $65 million recapitalization after receiving regulatory and shareholder approval.

• 2015

  Luis de la Aguilera becomes president and CEO

  [1]U.S. Century Banken.wikipedia.org

  Luis de la Aguilera assumed the bank’s president and chief executive role during a period of management change and restructuring.

• 2013

  R. Alexander Acosta becomes chairman

  [1]U.S. Century Banken.wikipedia.org

  Former U.S. Attorney for the Southern District of Florida R. Alexander Acosta was named chairman of the bank.

• 2011

  FDIC consent order and federal oversight

  [1]U.S. Century Banken.wikipedia.org

  Following missed TARP dividend payments, a federal observer was appointed and the FDIC issued a consent order addressing financial and management weaknesses.

• 2009

  Assets reach approximately $2 billion

  [1]U.S. Century Banken.wikipedia.org

  The bank reached approximately $2 billion in assets through organic growth before the full impact of the financial downturn.

• 2002

  Bank established

  [1]U.S. Century Banken.wikipedia.org

  U.S. Century Bank was founded in South Florida with $23 million in capital to serve Hispanic-owned businesses and local communities.

A locally focused South Florida community bank emphasizing relationship banking, commercial and small-business finance, and service to Hispanic, minority, and other underserved business communities.

• Commercial banking · 2002

  Business and commercial banking

  The bank’s core business serves small and midsize companies through operating accounts, business deposits, commercial credit, treasury services, and relationship-based financial support. Its original mission centered on Hispanic-owned businesses, and the institution continues to emphasize local enterprises and minority communities in South Florida.

• Lending

  Commercial lending

  U.S. Century Bank provides financing for commercial borrowers, including business-purpose credit and commercial real estate lending. Commercial loans form an important part of its community-bank model and connect the institution to locally owned businesses, property owners, and regional enterprises.

• Retail banking

  Consumer banking

  Consumer services include transaction and savings accounts, certificates of deposit, personal lending, residential finance, and access through branch and digital channels. These offerings complement the bank’s commercial focus and support households in the communities surrounding its South Florida branches.

• Government-supported small-business lending · 2020

  Paycheck Protection Program lending

  During the COVID-19 pandemic, the bank participated in the federal Paycheck Protection Program. It processed more than $168 million in loans intended to help South Florida small businesses, with particular support for minority-owned enterprises affected by the crisis.

• 2011

  FDIC consent order and TARP payment difficulties

  After the bank missed eight TARP dividend payments, the U.S. Treasury appointed a federal observer to its board. The FDIC issued a consent order citing concerns involving asset quality, management, earnings, capital, liquidity, and sensitivity to market risk. The order was lifted in 2016 after the bank returned to profitability and restructured its loan portfolio.

  Source

Read more

• 2020Paycheck Protection Program participation

  South Florida

  U.S. Century Bank participated in the federal Paycheck Protection Program and processed more than $168 million in loans for small businesses during the COVID-19 crisis.

  Outcome. The program supported South Florida businesses, including minority-owned companies, during the pandemic.

  Source

• 2021

  Initial public offeringM&A

  Background

  USCB Financial Holdings sought public-market access for the parent company of U.S. Century Bank.

  Action taken

  The company priced its IPO at $10 per share and began Nasdaq trading under the symbol USCB.

  Aftermath

  U.S. Century Bank operated as the banking subsidiary of a publicly traded holding company.

  IPO share price. $10 per share (July 2021)

  Source

• 2015

  Recapitalization and management restructuringStrategy

  Background

  The bank needed to strengthen its capital position and address the effects of earlier asset-quality and regulatory problems.

  Action taken

  U.S. Century completed a $65 million recapitalization and appointed Luis de la Aguilera as president and chief executive officer later that year.

  Aftermath

  The bank returned to profitability in 2016, and the FDIC lifted its consent order.

  $65 million recapitalization. (2015)

  Source

1. 1U.S. Century Banken.wikipedia.org