U.S. Century Bank, a community bank in the Miami-Dade MSA, raised $40 million by offering 4 million shares at $10, the low end of the range of $10 to $12.50.
U.S. Century has 11 banking centers and a digital banking platform, offering a range of commercial products and services for SMBs in the Miami-Dade metro area. As of March 31, 2021, total assets were $1.6 billion.
U.S. Century Bank plans to list on the Nasdaq under the symbol USCB. Keefe Bruyette Woods acted as sole bookrunner on the deal.
