MetroCity and First IC get regulatory and shareholder approvals; merger expected Q4 2025

MetroCity Bankshares, Inc.

All required regulatory approvals and non-objections received for merger of FIEB into MCBS and subsequent bank merger.
First IC shareholders voted to approve the Reorganization Agreement and merger on July 15, 2025.
Merger is expected to close early in Q4 2025, subject to customary closing conditions.
Nack Y. Paek (MetroCity CEO) and Chong Chun (First IC Chairman) expressed appreciation for approvals and shareholder support.

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