The country's largest undercapitalized bank, U.S. Century Bank of Doral, Fla., raised $30 million in December through the sale of three loans, according to a report in the South Florida Business Journal.

The sale will inject much-needed capital into the bank following the collapse of its planned merger with C1 Bank of St. Petersburg, Fla. The deal, first announced in August, was called off last month after the companies failed to receive necessary approvals to complete it. Under a revised agreement C1 will instead acquiring certain real estate assets from the $1.2 billion-asset U.S. Century.

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.