USCB Financial Holdings, Inc. announces an Equity Buyback for 500,000 shares, representing 2.5% of its issued share capital.
April 25, 2024 at 05:50 pm EDT
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USCB Financial Holdings, Inc. (NasdaqGM:USCB) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares of Class A common stock, representing approximately 2.5% of its outstanding common stock. The repurchases will be funded from the company?s existing cash and cash equivalents or future cash flow.
USCB Financial Holdings, Inc. is a bank holding company for U.S. Century Bank (the Bank). The Bank is a Florida state-chartered, non-Federal Reserve System member bank. It is focused on serving small-to-medium sized businesses (SMBs) and catering to the needs of local business owners, entrepreneurs, and professionals in South Florida. It provides a wide range of personal and business banking products and services. Its specialty banking offerings include small business administration (SBA) lending, yacht lending, homeowner association (HOA) services and global banking services. Its specialty banking offerings include Small Business Administration (SBA) lending, where the Company's SBA platform originates loans under Sections 7(a) and 504 of the SBA programs; yacht lending vertical provides yacht financing for larger vessels; Homeowner Association (HOA) services; Jurist Advantage and Private Client Group services, and Global Banking services.