Company: USCB
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000927089-25-000082
Chunk: 49

Company: USCB FINANCIAL HOLDINGS, INC.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 49
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 will also pay servicing fees over the life of the loans estimated to amount to $38,000 in total. Mr. W. Kirk Wycoff, one of our directors, is the Chairman of the Board of Directors of Auxilior and is a managing partner of Patriot, a significant shareholder of USCB Financial Holdings. In addition, later in 2023, U.S. Century Bank also purchased from Auxilior a loan participation in a $38.0 million loan. U.S. Century Bank’s interest in the loan participation is $15.0 million. Auxilior received a fee of approximately $481,000 which represented 3.2% of the principal amount of the aggregate principal amount of the loan participation purchased by U.S. Century Bank. The fee is being paid over the life of the loan. U.S. Century Bank will also pay servicing fees over the life of the loan estimated to amount to $60,000 in total. Late in 2023, U.S. Century Bank purchased from Auxilior an additional loan participation in a $30.0 million loan. U.S. Century Bank’s interest in the loan participation is $15.5 million. Auxilior received a fee of approximately $589,000 which represents 3.80% of the principal amount of the aggregate principal amount of the loan participation purchased by U.S. Century Bank.

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In the first quarter of 2024, U.S. Century Bank purchased from Auxilior two loans aggregating $7.9 million. Auxilior received a fee of approximately $306,000 which represents 3.86% of the principal amount of the loans purchased by U.S. Century Bank. U.S. Century Bank will also be paying a servicing fee of eight basis points on the declining principal balance of the loans over the life of the loans. In late 2024, U.S. Century Bank purchased a loan participation from Auxilior in a $14.0 million loan. U.S. Century Bank’s interest in the loan participation is $10.0 million. No fee was paid to Auxilior upon closing of the loan participation purchase. Auxilior will retain a fee consisting of a portion (1.1%) of the interest rate fee being received on the loan. U.S. Century Bank will also be paying a servicing fee of eight basis points on the declining principal balance of the loans over the life of the loan.

In the later part of 2023