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South Florida

Reserves add to U.S. Century Bank

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Reserving money to cover problem loans caused third-quarter income at
U.S. Century Bank to fall to $85,462. The Miami-based bank set aside
$1.4 million for loan losses. CEO Octavio Hernandez said in a statement
that the bank remains profitable and well capitalized. Loans have grown
year-over-year by 41 percent and deposits by 59.7 percent. The company
operates 21 branches.