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MetroCity Bankshares Priced, Nasdaq: MCBS

Georgia bank focused on serving Asian-American communities in the Eastern US and Texas.

Industry: Financials

First Day Return: -0.1%

Industry: Financials

We are MetroCity Bankshares, a bank holding company headquartered in the Atlanta metropolitan area. We operate through our wholly-owned banking subsidiary, Metro City Bank, a Georgia state-chartered commercial bank that was founded in 2006. We currently operate 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. As of June 30, 2019, we had total assets of $1.52 billion, total loans (including loans held for sale) of $1.25 billion, total deposits of $1.30 billion, and total shareholders’ equity of $184.3 million. We are a full-service commercial bank focused on delivering personalized service in an efficient and reliable manner to the small- to medium-sized businesses and individuals in our markets, predominantly Asian-American communities in growing metropolitan markets in the Eastern U.S. and Texas. We offer a suite of loan and deposit products tailored to meet the needs of the businesses and individuals already established in our communities, as well as first generation immigrants who desire to establish and grow their own businesses, purchase a home, or educate their children in the United States. Through our diverse and experienced management team and talented employees, we are able to speak the language of our customers and provide them with services and products in a culturally competent manner.
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MetroCity Bankshares (MCBS) Performance