MetroCity Bankshares, Inc. (MCBS): M&A transaction — MetroCity Bankshares completes acquisition of First IC Corporation for ~$110.6M cash and 3.38M shares

MetroCity Bankshares, Inc.

Each FIEB share converted into 0.3729 MCBS shares plus $12.19 cash; aggregate consideration ~3.38M shares and ~$110.6M cash.
Post-merger total assets ~$4.8B, total loans ~$4.0B, deposits ~$3.6B; 30 branches across eight states.
MCBS now has ~28.8M shares outstanding following the merger, effective December 1, 2025.
Acquisition supports MetroCity's enhanced competitive position and financial flexibility per CEO Nack Paek.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MetroCity Bankshares, Inc. completed an acquisition involving First IC Corporation for 0.3729 shares of MCBS common stock and $12.19 in cash (closed 2025-12-01).

Action: acquisition
Counterparty: First IC Corporation
Consideration: 0.3729 shares of MCBS common stock and $12.19 in cash
Closing: 2025-12-01

Exact text from the filing

Reorganization Agreement, each share of FIEB common stock held immediately prior to the effective time of the Merger was converted into the right to receive, without interest, 0.3729 shares of MCBS common stock and $12.19 in cash, with cash also to be paid in lieu of fractional shares. The issuance of shares of MCBS common stock in connection with the Merger

View on SEC.gov

31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

MetroCity Bankshares, Inc. filing history →

Source: SEC EDGAR

accession 0001747068-25-000065

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.