---
schema_version: "secwatch.filing_event.v1"
accession: "0001747068-25-000065"
form_type: "8-K"
ticker: "MCBS"
cik: "0001747068"
company_name: "MetroCity Bankshares, Inc."
filed_at: "2025-12-02T23:59:59+00:00"
generated_at: "2026-05-16T15:45:33.186646+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MetroCity Bankshares completes acquisition of First IC Corporation for ~$110.6M cash and 3.38M shares

## Summary
- 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.

## SEC filing metadata
- accession: 0001747068-25-000065
- form_type: 8-K
- ticker: MCBS
- cik: 0001747068
- company_name: MetroCity Bankshares, Inc.
- filed_at: 2025-12-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1747068/000174706825000065/0001747068-25-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1747068/000174706825000065/mcbs-20251201x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001747068-25-000065
- JSON: https://secwatch.observer/filing/0001747068-25-000065.json
- Plain text: https://secwatch.observer/filing/0001747068-25-000065.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1747068/000174706825000065/0001747068-25-000065-index.htm

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