MetroCity Bankshares, Inc. (MCBS) company profile
Close on Nov 13, 2026Market cap $1.05BP/E 12.0Yield 2.63%
About MetroCity Bankshares
State Commercial Banks, SIC 6022
MetroCity Bankshares, Inc. operates as a bank holding company for Metro City Bank, providing commercial and consumer banking products and services. Its core offerings include deposit accounts—such as checking, savings, money market, and certificates of deposit—alongside treasury management and trade finance services. The company's lending activities encompass residential real estate mortgages, commercial real estate loans, commercial and industrial financing, construction and development loans, and government-guaranteed SBA and USDA loans. It serves individuals as well as small- to medium-sized commercial enterprises, specifically targeting customers within diverse and multi-ethnic communities.
The institution conducts operations through a network of 29 full-service branch locations across eight states: Alabama, California, Florida, Georgia, New York, New Jersey, Texas, and Virginia. MetroCity Bankshares maintains its corporate headquarters in Doraville, Georgia, situated within the greater Atlanta metropolitan area.
Summary of the business section of MetroCity Bankshares's latest annual report, written by StockData.
Company profile
Company
- Legal name
- MetroCity Bankshares, Inc.
- Founded
- 2006
- Headquarters
- Doraville, GA
- Address
- 5114 Buford Highway 30340
- Phone
- (770) 455-4989
- Website
- metrocitybank.bank
- Employees
- 317, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Georgia
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Fort Lauderdale, Florida
Stock & identifiers
- Ticker
- MCBS
- Exchange
- Nasdaq
- IPO date
- Sep 5, 2019
- Shares outstanding
- 29M, Aug 4, 2026
- Public float
- $564.30M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1747068
- CUSIP
- 59165J105
- ISIN
- US59165J1051
- FIGI
- BBG0088BL014
- Share class FIGI
- BBG0088BL023
- LEI
- 549300TC6QB7YG0P6F52
- EIN
- 47-2528408
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Nack Y. Paek | Chief Executive Officer, Director | 1,424,545 |
| Farid Tan | President, Director | 1,005,233 |
| Howard Hwasaeng Kim | Executive Vice President, Director | 677,628 |
| Abdul Mohdnor | Executive Vice President | 6,175 |
| Lucas Stewart | Chief Financial Officer | 2,989 |
| William J. Hungeling | Director | 158,163 |
| Frank Glover | Director | 203,825 |
| John Paek | Director | 235,821 |
| Ajit A. Patel | Director | 696,421 |
| David S. Shim | Director | 106,214 |
| Feiying Lu | Director | 1,989,093 |
| Don Leung | Director | 820,525 |
| Frank S. Rhee | Director | 19,733 |
| Francis Lai | Director | 543,973 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $2.56M | $3.05M | $1.36M | $110 | $115 |
| FY2024 | $2.27M | $3.14M | $1.21M | $137 | $118 |
| FY2023 | $2.21M | $2.92M | $2.04M | $115 | $111 |
| FY2022 | $2.29M | $2.31M | $2.12M | $81 | $88 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Nack Y. Paek Chief Executive Officer | $507.50K | – | $995.11K | $1.04M | $21.00K | $2.56M | +13% |
| Farid Tan President and Interim Chief Financial Officer | $507.50K | – | $995.11K | $1.04M | $20.80K | $2.56M | +13% |
| Howard Hwasaeng Kim Executive Vice President, Chief Lending Officer and Chief Operating Officer | $500.00K | – | $738.59K | $1.00M | $21.00K | $2.26M | +15% |
| Lucas Stewart Former Executive Vice President and Chief Financial Officer | $243.22K | $50.00K | $24.00K | – | $14.63K | $331.85K | +5% |
| Abdul Mohdnor Executive Vice President and Chief Compliance Officer | $228.16K | $38.03K | $20.01K | – | $16.46K | $302.65K | +7% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Oct 3, 2019
- Offer price
- $13.50
- Securities offered
- 1,939,000
- Gross proceeds
- $26.18M
- Exchange
- Nasdaq
- Lock-up ends (est.)
- Mar 31, 2020
“The initial public offering price of our common stock is $13.50 per share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 317 full-time equivalent employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Dec 2, 2025 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 23, 2025 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Sep 27, 2019 | Listing | Registration of securities on an exchange (Form 8-A) |
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