U.S. Century Bank (USCB) IPO Opens Modestly Higher

July 23, 2021 11:19 AM EDT

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Today's IPO for U.S. Century Bank (NASDAQ: USCB) opened for trading at $10.70 after pricing 4,000,000 shares of its Class A common stock, at a public offering price of $10.00 per share.

Keefe, Bruyette & Woods, A Stifel Company, is acting as the sole bookrunner in the offering, and Raymond James & Associates, Inc. and Piper Sandler & Co. are acting as co-managers.

Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the state, with assets exceeding $1.6 billion. U.S. Century is rated 5-star by BauerFinancial, the nation's leading independent bank rating firm. Through its network of 11 branch locations and its online banking platform, U.S. Century Bank offers customers a wide range of financial products and services. U.S. Century Bank has received awards and accolades from numerous organizations for its philanthropic support and leadership, including the Beacon Council, Greater Miami Chamber of Commerce, South Florida Hispanic Chamber of Commerce and others.

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Stifel, Keefe, Bruyette & Woods, Raymond James, IPO