MetroCity Bankshares, Inc. and First IC Corporation Announce Expected Closing Date

About this update from Metrocity Bankshares, Inc.

[{"type":"text","content":"\n DORAVILLE, Ga., Nov. 14, 2025 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) (\"MetroCity\"), the holding company for Metro City Bank (the \"Bank\"), and First IC Corporation (OTCEM: FIEB) (\"First IC\"), the parent company of First IC Bank, both based in Doraville, GA, previously announced that MetroCity received all required regulatory approvals and non-objections to complete its merger with First IC, as well as the approval of the First IC shareholders.\n \n \n \n \n \n \n \n MetroCity and First IC are pleased to announce today that the merger is expected to be completed on December 1, 2025, subject to the satisfaction or waiver of the remaining customary closing conditions.\n \n Advisors\n \n Hillworth Bank Partners acted as financial advisor to MetroCity and rendered a fairness opinion to its board of directors. Hunton Andrews Kurth LLP served as legal counsel to MetroCity.\n Stephens Inc. acted as financial advisor to First IC and rendered a fairness opinion to its board of directors. Alston & Bird LLP served as legal counsel to First IC.\n \n \n \n \n \n \n Contact:\n \n \n \n \n \n Lucas Stewart\n \n \n \n \n \n \n \n \n \n MetroCity Bankshares, Inc.\n \n \n \n \n \n \n \n \n \n Chief Financial Officer\n \n \n \n \n \n \n \n \n \n 678-580-6414\n \n \n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n About MetroCity Bankshares, Inc. \n \n MetroCity Bankshares, Inc., headquartered in Doraville, Georgia, is the bank holding company for Metro City Bank, which operates 20 banking offices across seven states: Alabama, Florida, Georgia, New Jersey, New York, Texas, and Virginia. At September 30, 2025, MetroCity had $3.6 billion in assets. MetroCity's common stock trades on The Nasdaq Stock Exchange under the symbol \"MCBS.\" More information about MetroCity is available by visiting the \"Investor Relations\" section of its website https://www.metrocitybank.bank.\n \n About First IC Corporation\n \n First IC Bank was founded in 2000 and is headquartered in Doraville, Georgia. First IC Corporation operates as the bank holding company for First IC Bank, which maintains ten banking locations and two loan production offices in California, Georgia, New Jersey, New York, Texas, and Washington. At September 30, 2025, First IC Corporation had $1.2 billion in assets. First IC Corporation's com...

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