USCB Financial Holdings Inc. announced that U.S. Century Bank, its wholly owned subsidiary, has entered into an amended and restated change in control agreement with Executive Vice President and Chief Lending Officer Nicholas Bustle, effective December 19, 2025. Under the new agreement, if a change in control occurs while Bustle is employed by the bank, he will receive a lump sum payment equal to one times his annual base salary from the year prior to the change in control, payable within 30 days of the transaction’s completion. The agreement has an initial term ending December 31, 2028, with potential one-year extensions starting December 31, 2026, subject to board approval. A similar agreement has also been signed with Executive Vice President and Chief Credit Officer William Turner, and the bank expects to enter into similar agreements with other executive officers.
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