C1 Bank in St. Petersburg, Fla., and U.S. Century Bank in Doral, Fla., have terminated their planned merger and have entered into a new agreement.

Under the new agreement, the $901 million-asset C1 would acquire certain real estate assets of U.S. Century, including the lease for U.S. Century's Brickell Avenue branch in Miami. No U.S. Century customers would become customers of C1 as part of the new deal.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.