MetroCity Bankshares Files 8-K for Other Events
Ticker: MCBS · Form: 8-K · Filed: Sep 17, 2025 · CIK: 1747068
| Field | Detail |
|---|---|
| Company | Metrocity Bankshares, Inc. (MCBS) |
| Form Type | 8-K |
| Filed Date | Sep 17, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, other-events
Related Tickers: MCBS
TL;DR
MCBS filed an 8-K for 'Other Events' - need more info.
AI Summary
MetroCity Bankshares, Inc. filed an 8-K on September 17, 2025, to report other events. The filing does not contain specific details about the nature of these events, dollar amounts, or other parties involved.
Why It Matters
This filing indicates a material event has occurred for MetroCity Bankshares, Inc., but the lack of detail requires further investigation to understand its implications.
Risk Assessment
Risk Level: medium — The filing is an 8-K for 'Other Events', which is broad and could encompass significant developments requiring further scrutiny.
Key Players & Entities
- MetroCity Bankshares, Inc. (company) — Registrant
- September 17, 2025 (date) — Date of earliest event reported
FAQ
What specific event(s) are being reported under 'Other Events'?
The filing does not specify the nature of the 'Other Events' beyond the general categorization.
Are there any material financial impacts associated with these 'Other Events'?
The filing does not disclose any specific dollar amounts or financial figures related to the reported events.
When was the earliest event reported?
The earliest event reported was on September 17, 2025.
What is the company's CIK number?
The Central Index Key (CIK) for MetroCity Bankshares, Inc. is 0001747068.
What is the company's primary business?
MetroCity Bankshares, Inc. is classified under 'STATE COMMERCIAL BANKS' with SIC code 6022.
Filing Stats: 520 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2025-09-17 16:38:55
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MCBS The Nasdaq Stock Mar
Filing Documents
- mcbs-20250917x8k.htm (8-K) — 36KB
- 0001747068-25-000053.txt ( ) — 141KB
- mcbs-20250917.xsd (EX-101.SCH) — 3KB
- mcbs-20250917_lab.xml (EX-101.LAB) — 15KB
- mcbs-20250917_pre.xml (EX-101.PRE) — 9KB
- mcbs-20250917x8k_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events On September 17, 2025, the Board of Directors of MetroCity Bankshares, Inc. (the "Company") approved the continuation of its share repurchase program that will expire on September 30, 2025 ("Prior Share Repurchase Program"), and authorized the Company to repurchase up to 923,976 shares of the Company's outstanding shares of common stock, which is the expected number of remaining shares authorized for repurchase from the Prior Share Repurchase Plan. The continuation of the share repurchase program will begin on October 1, 2025 and end on September 30, 2026. The repurchases will be made in compliance with all Securities and Exchange Commission rules, including Rule 10b-18, and other legal requirements and may be made in part under Rule 10b5-1 plans, which permits stock repurchases when the Company might otherwise be precluded from doing so. Repurchases can be made from time-to-time in the open market or through privately negotiated transactions depending on market and/or other conditions. The repurchase program may be modified, suspended or discontinued at any time and does not obligate the Company to purchase any shares of its common stock.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. METROCITY BANKSHARES, INC. Date: September 17, 2025 By: /s/ Lucas Stewart Lucas Stewart Chief Financial Officer