Century Bank

Southern States Bancshares to Enhance Georgia Franchise With Acquisition of CBB Bancorp

Retrieved on: 
Wednesday, February 28, 2024
SSBK, Acquisition, Bank, Culture, Century Bank, Partnership

ANNISTON, Ala. and CARTERSVILLE, Ga., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, and CBB Bancorp (“CBB Bancorp”), the holding company for Century Bank of Georgia (“Century Bank”), announced today the signing of a definitive merger agreement under which Southern States would acquire CBB Bancorp.

Key Points: 
  • ANNISTON, Ala. and CARTERSVILLE, Ga., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, and CBB Bancorp (“CBB Bancorp”), the holding company for Century Bank of Georgia (“Century Bank”), announced today the signing of a definitive merger agreement under which Southern States would acquire CBB Bancorp.
  • Upon completion, Southern States expects to merge CBB Bancorp with and into Southern States, with Southern States as the surviving entity.
  • Century Bank of Georgia would similarly be merged with and into Southern States Bank with Southern States Bank surviving.
  • A slide presentation providing additional information regarding the Southern States’ proposed acquisition of CBB Bancorp will be filed on a Current Report on Form 8-K and will be available in the Investor Relations section of the Southern States’ website.

Brera Holdings Signs All-Star Advisory Board to Lead Soccer World’s First Nasdaq-Listed Multi-Club Ownership Model

Retrieved on: 
Tuesday, February 27, 2024
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DUBLIN, Ireland and MILAN, Italy, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”) (Nasdaq: BREA) is pleased to announce the formation of a top-tier Advisory Board to lead the world’s first publicly-traded multi-club ownership (“MCO”) company in global football (American soccer).

Key Points: 
  • DUBLIN, Ireland and MILAN, Italy, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Brera Holdings PLC (“Brera Holdings”, “Brera” or the “Company”) (Nasdaq: BREA) is pleased to announce the formation of a top-tier Advisory Board to lead the world’s first publicly-traded multi-club ownership (“MCO”) company in global football (American soccer).
  • Rothenberg was president of U.S. Soccer , the governing body of American soccer during the 1990s and oversaw both the 1994 FIFA World Cup in the United States and the establishment of Major League Soccer (“MLS”) in 1996.
  • Geller has been a member of the board of directors for numerous Nasdaq and New York Stock Exchange listed companies.
  • “Landing an all-star team to join our Advisory Board is a resounding stamp of approval for Brera’s business model.

USCB Financial Holdings, Inc. Initiates Quarterly Cash Dividend Program and Announces Declaration of First Cash Dividend

Retrieved on: 
Monday, January 29, 2024
Bank, U.S. Century Bank, USCB, Century Bank, Growth, Holding company

MIAMI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), announced today that its Board of Directors approved a cash dividend program under which the Company intends to pay quarterly cash dividends.

Key Points: 
  • MIAMI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), announced today that its Board of Directors approved a cash dividend program under which the Company intends to pay quarterly cash dividends.
  • Future dividend payments are subject to quarterly review and approval by the Board of Directors and will be targeted to be paid in the third month of the quarter.
  • This first cash dividend represents an aggregate payout of approximately $978,000, or 36% of the Company’s reported fourth quarter 2023 net income.
  • Based on the closing stock price of USCB common shares of $12.15 on January 26, 2024, the quarterly dividend produces an annualized yield of 1.65%.

USCB Financial Holdings, Inc. Reports Diluted EPS of $0.14 for Q4 2023

Retrieved on: 
Thursday, January 25, 2024
PTPP, NIM, U.S. Century Bank, USCB, ACL, Bank, Federal, Federal Reserve, History, Current Expected Credit Losses, Futures contract, Webcast, Century Bank, Cryptocurrency

Annualized return on average assets for the quarter ended December 31, 2023 was 0.48% compared to 0.86% for the fourth quarter of 2022.

Key Points: 
  • Annualized return on average assets for the quarter ended December 31, 2023 was 0.48% compared to 0.86% for the fourth quarter of 2022.
  • The efficiency ratio for the quarter ended December 31, 2023 was 68.27% compared to 59.81% for the fourth quarter of 2022.
  • Operating efficiency ratio (non-GAAP financial measure) for the quarter ended December 31, 2023 was 64.63% compared to 53.46% for the fourth quarter of 2022.
  • To access the conference call, dial (833) 816-1416 (U.S. toll-free) and ask to join the USCB Financial Holdings Call.

Brookline Bancorp, Inc. Chief Operations Officer James Cosman to Retire

Retrieved on: 
Wednesday, January 24, 2024
Senior, Citizens Bank, Middlesex Savings Bank, Bank, Trust, Information technology, FleetBoston Financial, BankBoston, Support, Executive, Digital, McCurdy, Retirement, Santander Bank, System, Information, Century Bank, Blue Hills Bank, Management

BOSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp (NASDAQ: BRKL) Co-President and Chief Operating Officer Michael McCurdy announced today three key changes affecting leadership positions at Brookline Bancorp, Inc. (the “Company”).

Key Points: 
  • Mona Macero Will Become Chief Digital Officer of Brookline Bancorp, Inc.
    BOSTON, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Brookline Bancorp (NASDAQ: BRKL) Co-President and Chief Operating Officer Michael McCurdy announced today three key changes affecting leadership positions at Brookline Bancorp, Inc. (the “Company”).
  • After fifteen years as the Company’s Chief Operations Officer, James Cosman will retire effective April 1, 2024.
  • With respect to Macero’s appointment, McCurdy stated: “We are fortunate that Mona will assume the position of Executive Vice President and Chief Digital Officer.
  • With Kelly, our operations foundation is solid.”
    Jim Cosman joined the Company in 2009 as Chief Operations Officer.

U.S. Century Bank Names William Turner New Executive Vice President and Chief Credit Officer

Retrieved on: 
Thursday, December 7, 2023
Policy, Pearl Harbor, University, Michael J. Hsu, USCB, Business administration, Century Bank, Retirement, Comptroller, Growth, U.S. Century Bank, Banco Popular Español, Currency, Turner

MIAMI, Dec. 07, 2023 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB ), the holding company for U.S. Century Bank (the “Bank”), announced today that William “Bill” Turner, a bank executive with more than 35 years of credit experience, has been named the Bank’s new executive vice president and chief credit officer.

Key Points: 
  • MIAMI, Dec. 07, 2023 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB ), the holding company for U.S. Century Bank (the “Bank”), announced today that William “Bill” Turner, a bank executive with more than 35 years of credit experience, has been named the Bank’s new executive vice president and chief credit officer.
  • Most recently, Turner served as the chief credit officer at Interamerican Bank and previously held the same position at Apollo Bank, both in Miami.
  • Additionally, he served as senior vice president and credit policy officer at TotalBank, also in Miami.
  • Turner began his banking career as a national bank examiner for the Office of the Comptroller of the Currency in South Florida.

USCB Financial Holdings, Inc. Announces Retirement of Chief Credit Officer, Benigno Pazos; Announces the Departure of Jay Shehadeh, General Counsel; Promotes Maricarmen Logroño to Chief Risk Officer

Retrieved on: 
Thursday, November 2, 2023
Century Bank, Pazos, Enterprise risk management, U.S. Century Bank, Bank, CPA, Senior, Maricarmen Alva, Risk management, Risk, USCB, General counsel, Drug, Management, PLLC

Benigno “Ben” Pazos, CPA, Executive Vice President and Chief Credit Officer, will be retiring effective December 31, 2023.

Key Points: 
  • Benigno “Ben” Pazos, CPA, Executive Vice President and Chief Credit Officer, will be retiring effective December 31, 2023.
  • Jalal “Jay” Shehadeh, Executive Vice President and General Counsel, has decided to leave the Company to pursue personal opportunities.
  • Maricarmen Logroño, currently Senior Vice President and Director of Enterprise Risk Management, has been named Executive Vice President, Chief Risk Officer.
  • She has more than 20 years of experience in banking risk management covering financial, credit, and operational risk, as well as regulatory compliance.

USCB Financial Holdings, Inc. Reports Diluted EPS of $0.19 for Q3 2023

Retrieved on: 
Thursday, October 26, 2023
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Annualized return on average assets for the quarter ended September 30, 2023 was 0.67% compared to 1.09% for the third quarter of 2022.

Key Points: 
  • Annualized return on average assets for the quarter ended September 30, 2023 was 0.67% compared to 1.09% for the third quarter of 2022.
  • The efficiency ratio for the quarter ended September 30, 2023 was 64.64% compared to 54.58% for the third quarter of 2022.
  • Net interest margin for the quarter ended September 30, 2023 was 2.60% compared to 3.47% for the third quarter ended 2022.
  • The Company will host a conference call on Friday, October 27, 2023, at 11:00 a.m. Eastern Time to discuss the Company’s unaudited financial results for the quarter ended September 30, 2023.

MidFirst Bank Expands Presence in Southern California

Retrieved on: 
Monday, October 2, 2023
U.S. Century Bank, Knowledge, Growth, Bank, Century Bank, First Republic Bank, MidFirst Bank, San Fernando Valley, Drug, Management

OKLAHOMA CITY, Oct. 2, 2023 /PRNewswire/ -- MidFirst Bank, through its 1st Century Bank division, has announced the expansion of its Southern California presence with new additions to its Century City team as well as entry into new markets, including San Diego, the South Bay and Santa Barbara. The Bank welcomes twenty-two seasoned bankers into leadership roles from the former First Republic Bank.

Key Points: 
  • OKLAHOMA CITY, Oct. 2, 2023 /PRNewswire/ -- MidFirst Bank, through its 1st Century Bank division, has announced the expansion of its Southern California presence with new additions to its Century City team as well as entry into new markets, including San Diego, the South Bay and Santa Barbara.
  • "Southern California is a strategic growth region for MidFirst Bank, and our continued expansion in this market with experienced new teams is an important step for the future of our business," said Jeff Records, Chairman and CEO of MidFirst Bank.
  • "1st Century Bank's expansion in Southern California and investment in our professional team demonstrates the division's continued growth trajectory," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • "We are proud of the growth and success our 1st Century Bank division has achieved in Southern California," said Todd Dobson, President of MidFirst Bank.

1st Century Bank Expands Presence in Southern California

Retrieved on: 
Monday, October 2, 2023
Century Bank, Senior, Zielen van Napels, Associate, San Fernando Valley, Organization, First Republic Bank, U.S. Century Bank, Century, Knowledge, Growth, Bank, Credit, MidFirst Bank

LOS ANGELES, Oct. 2, 2023 /PRNewswire/ -- 1st Century Bank, a division of MidFirst Bank, the largest privately owned bank in the nation, has welcomed twenty-two new team members from the former First Republic Bank. The team members will perform an instrumental role in 1st Century Bank's growth across Southern California, including Century City and three new geographies: San Diego, the South Bay and Santa Barbara. Their emphasis on prioritizing superior client service with the same dedication and wealth of knowledge that distinguishes 1st Century Bank's culture will make for a seamless integration.

Key Points: 
  • The team members will perform an instrumental role in 1st Century Bank's growth across Southern California, including Century City and three new geographies: San Diego, the South Bay and Santa Barbara.
  • "1st Century Bank's expansion into new markets and investment in our professional team demonstrates the division's continued growth trajectory," said Jason DiNapoli, CEO and President of 1st Century Bank.
  • 1st Century Bank's latest growth consists of the following teams:
    Lyndsey Hudgins and Linnea McArt join the bank in Century City.
  • With these latest additions, 1st Century Bank will be able to better serve clients across Southern California with locations in Downtown Los Angeles, Century City, Orange County, the San Fernando Valley, Santa Barbra, San Diego and the South Bay.