MetroCity Bankshares appoints John Paek to Board; son of Chairman and CEO

MetroCity Bankshares, Inc.

John Paek appointed to board of MetroCity Bankshares and Metro City Bank, effective September 18, 2024.
Paek is not independent; he is the son of Chairman and CEO Nack Paek.
He will serve on Asset Liability, Credit Risk Management, and Directors' Loan Committees.
Previously a Principal at Deloitte Tax LLP (2019-2023) and partner at Baker McKenzie (2011-2019).
Director compensation consistent with other board members, per 2024 proxy statement.

item 5.02

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Appointed

John Paek

Director

MCBS · MetroCity Bankshares, Inc.

Effective: 2024-09-18
Filed: September 18, 2024, 7:59 PM ET

On September 18, 2024, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of MetroCity Bankshares, Inc. (the “Company”) appointed Mr. John Paek to serve as a member of the Boards of the Company and Metro City Bank, the wholly owned subsidiary of the Company (the “Bank”), effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Paek was appointed as Director at MetroCity Bankshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

On September 18, 2024, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of MetroCity Bankshares, Inc. (the “Company”) appointed Mr. John Paek to serve as a member of the Boards of the Company and Metro City Bank, the wholly owned subsidiary of the Company (the “Bank”), effective immediately.

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MetroCity Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001747068-24-000065

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