---
schema_version: "secwatch.filing_event.v1"
accession: "0001747068-22-000003"
form_type: "8-K"
ticker: "MCBS"
cik: "0001747068"
company_name: "MetroCity Bankshares, Inc."
filed_at: "2022-01-19T23:59:59+00:00"
generated_at: "2026-06-27T17:15:50.216663+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MetroCity Bankshares appoints Frank Glover to board; declares $0.15 quarterly dividend

## Summary
- Frank Glover (43) appointed to boards of Company and Bank, effective Jan 19; serves on Asset Liability and Credit Risk committees.
- Glover is Senior Director of Retirement Investments at Cox Enterprises; not independent as he is son-in-law of CEO Nack Paek.
- Quarterly cash dividend of $0.15 per share declared, payable Feb 11, 2022 to shareholders of record Feb 2, 2022.
- Glover will receive standard director compensation as previously disclosed; no arrangements or transactions with Company.

## SEC filing metadata
- accession: 0001747068-22-000003
- form_type: 8-K
- ticker: MCBS
- cik: 0001747068
- company_name: MetroCity Bankshares, Inc.
- filed_at: 2022-01-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747068/000174706822000003/0001747068-22-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747068/000174706822000003/mcbs-20220119x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-22-000003
- JSON: https://secwatch.observer/filing/0001747068-22-000003.json
- Plain text: https://secwatch.observer/filing/0001747068-22-000003.txt

## Key facts
- Executive change
  Frank Glover was appointed as Director at MetroCity Bankshares, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board of Directors (the “Board”) of MetroCity Bankshares, Inc. (the “Company”) appointed Mr. Frank Glover to serve as a member of the Boards of the Company and Metro City Bank
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747068/000174706822000003/0001747068-22-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.