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U.S. Century Bank history
U.S. Century Bank company history timeline
United States Century Bank, which has a majority Hispanic board of directors, was established in 2002 with $23 million in capital to provide financial services to Hispanic-owned businesses.
Through organic growth, the bank rose to $2 billion in assets by 2009.
During the economic downturn in 2009, the bank participated in the United States Department of the Treasury's Troubled Asset Relief Program (TARP) Capital Purchase Program, receiving $50.2 million.
In 2011, the United States Treasury appointed a federal observer to the bank's board after the bank missed eight TARP dividend payments.
On December 12, 2013, United States Century Bank named former United States Attorney for the Southern District of Florida R. Alexander Acosta as chairman.
United States Century Bank announced the closing of its $65 million recapitalization on March 18, 2015, after two previous attempts.
20, 2015, and gained shareholders’ approval on March 9, 2015.
The bank’s executive management turned over in December 2015 when Luis de la Aguilera, former head of TotalBank, was appointed president and chief executive officer.
In April 2016, after the changes in management and restructuring of the bank’s loan portfolio, the bank returned to profitability and the FDIC lifted the regulatory consent order under which the bank had been operating.
The board of directors named Aida Levitan, Ph.D., as chairman of the board in 2017, replacing Alexander Acosta, who was confirmed on April 27, 2017, by the United States Senate as United States secretary of labor.
United States Century Bank is ranked by assets as of June 30, 2020, as the eighth largest community bank in South Florida.
On July 22, 2021, the initial public offering was priced at $10.00 per share.
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U.S. Century Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Wintrust Financial | 1991 | $29.9M | 5,057 | 238 |
| First Horizon Bank | 1864 | $50.0M | 5,577 | 787 |
| Doral Financial Company | 1972 | $545.4M | 1,154 | - |
| BankUnited | 2009 | $885.0M | 1,735 | 194 |
| Citi | 1812 | $74.3B | 210,000 | 1,038 |
| Republic First Ban | 1987 | $72.0M | 306 | - |
| SouthEast Bank | 2001 | $700.0M | 50 | 8 |
| Connecticut Bank & Trust | 2004 | - | 59 | - |
| Allegiance Bank | 2007 | $261.7M | 594 | - |
| The Citizens National Bank Of Southwestern Ohio | 1910 | $33.0M | 187 | 34 |
U.S. Century Bank history FAQs
Zippia gives an in-depth look into the details of U.S. Century Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about U.S. Century Bank. The employee data is based on information from people who have self-reported their past or current employments at U.S. Century Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by U.S. Century Bank. The data presented on this page does not represent the view of U.S. Century Bank and its employees or that of Zippia.
U.S. Century Bank may also be known as or be related to U S Century Bank, U.S. Century Bank, US Century Bank and Us Century Bank.