MetroCity Bankshares Completes Asset Acquisition

TL;DR

MCBS just bought assets, filing shows details.

AI Summary

MetroCity Bankshares, Inc. announced on December 1, 2025, the completion of its acquisition of assets from an unnamed entity. The filing also includes financial statements and exhibits related to this transaction. The company is incorporated in Georgia and its principal executive offices are located in Doraville.

Why It Matters

This filing indicates a strategic move by MetroCity Bankshares to expand its asset base, which could impact its market position and future financial performance.

Risk Assessment

Risk Level: low — The filing is a standard disclosure of an asset acquisition and does not contain information that inherently suggests significant new risks.

Key Players & Entities

• MetroCity Bankshares, Inc. (company) — Registrant
• Georgia (location) — State of incorporation
• Doraville (location) — City of principal executive offices

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share MCBS The Nasdaq Stock Mar
• $12.19 — 0.3729 shares of MCBS common stock and $12.19 in cash, with cash also to be paid in l
• $110.6 million — stock and an aggregate of approximately $110.6 million in cash. MCBS now has, including the sh

Filing Documents

• mcbs-20251201x8k.htm (8-K) — 44KB
• mcbs-20251201xex99d1.htm (EX-99.1) — 9KB
• mcbs-20251201xex99d1001.jpg (GRAPHIC) — 7KB
• 0001747068-25-000065.txt ( ) — 174KB
• mcbs-20251201.xsd (EX-101.SCH) — 3KB
• mcbs-20251201_lab.xml (EX-101.LAB) — 15KB
• mcbs-20251201_pre.xml (EX-101.PRE) — 9KB
• mcbs-20251201x8k_htm.xml (XML) — 5KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets After the close of business on December 1, 2025, pursuant to the previously announced Agreement and Plan of Reorganization, dated as of March 16, 2025 (the "Reorganization Agreement"), by and among MetroCity Bankshares, Inc. ("MCBS") (NASDAQ Global Select Market: MCBS), Metro City Bank, a Georgia state-chartered bank and wholly owned subsidiary of MCBS, First IC Corporation, a Georgia corporation ("FIEB"), and First IC Bank, a Georgia state-chartered bank and wholly owned subsidiary of FIEB, FIEB merged with and into MCBS, with MCBS continuing as the surviving corporation (the "Merger"). Immediately after the Merger, First IC Bank merged with and into Metro City Bank, with Metro City Bank continuing as the surviving bank. Pursuant to the terms of the 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 was registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to a Registration Statement on Form S-4 (File No. 333-287567) initially filed by MCBS with the U.S. Securities and Exchange Commission (the "SEC") on May 23, 2025 and declared effective by the SEC on June 6, 2025. Each share of MCBS common stock remained outstanding and was unaffected by the Merger. As a result of the Merger, FIEB shareholders will receive an aggregate of 3,384,381 shares of MCBS common stock and an aggregate of approximately $110.6 million in cash. MCBS now has, including the shares issued in connection with the Merger, approximately 28,818,282 shares of MCBS common stock outstanding as of the date hereof. The foregoing description of the transactions contemplated by the Reorganization Agreeme

01 Other Events

Item 8.01 Other Events On December 2, 2025, MCBS issued a press release announcing the completion of the Merger, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (a) Financial Statements of Businesses Acquired The financial statements required by this item will be filed by amendment to this Current Report on Form 8-K no later than 71 days after the date on which this Current Report on Form 8-K is required to be filed. (b) Pro Forma Financial Information The pro forma financial information required by this item will be filed by amendment to this Current Report on Form 8-K no later than 71 days after the date on which this Current Report on Form 8-K is required to be filed. (d) Exhibits Exhibit No. Description 2.1 Agreement and Plan of Reorganization, by and among MetroCity Bankshares, Inc., Metro City Bank, First IC Corporation, and First IC Bank, dated as of March 16, 2025 (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC on March 17, 2025) 99.1 Press Release issued by MetroCity Bankshares, Inc., dated December 2, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: December 2, 2025 By: /s/ Lucas Stewart Lucas Stewart Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR