MetroCity Bankshares to acquire First IC Corp for ~$112M cash + 3.38M shares

MetroCity Bankshares, Inc.

Combined merger consideration: $111,965,213 cash (subject to adjustments) plus 3,384,588 shares of MCBS common stock.
FIEB shareholders will receive per-share mix of cash and MCBS stock; FIEB options cashed out at spread above exercise price.
Transaction expected to close in Q4 2025; requires FIEB shareholder, regulatory approvals including Fed, FDIC, Georgia DFI.
FIEB can terminate if MCBS stock underperforms KBW Regional Bank Index by over 20% and average closing price falls below 80% of baseline.
Voting agreements cover about 25% of FIEB shares; termination fee of $8.24M payable by FIEB under certain conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.