USCB Financial Amends CEO Contract to Enhance Insurance and Severance Benefits

Reuters
Feb 05
USCB Financial Amends CEO Contract to Enhance Insurance and Severance Benefits

USCB Financial Holdings Inc. has announced an amendment to the employment agreement of Luis de la Aguilera, President and CEO of both the company and its subsidiary, U.S. Century Bank. Effective January 30, 2026, the amendment provides for the conversion of Mr. de la Aguilera's term life insurance to a whole life insurance policy, with the company covering the premium. The company will also continue to pay or reimburse him for a long-term care policy. Additionally, the amendment updates severance terms, specifying that severance will be due if Mr. de la Aguilera is terminated by the company without cause, disability, or death, or if he resigns for good reason, more than twelve months after a change in control.

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