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

Core Points - MetroCity Bankshares, Inc. has received all necessary regulatory approvals and shareholder consent to merge with First IC Corporation, with the merger expected to finalize on December 1, 2025 [1][2]. Company Overview - MetroCity Bankshares, Inc. is headquartered in Doraville, Georgia, and operates Metro City Bank with 20 banking offices across seven states, holding $3.6 billion in assets as of September 30, 2025 [4]. - First IC Corporation, also based in Doraville, operates First IC Bank with ten banking locations and two loan production offices across several states, holding $1.2 billion in assets as of September 30, 2025 [5]. Advisory Information - Hillworth Bank Partners served as the financial advisor for MetroCity, providing a fairness opinion to its board, while Stephens Inc. acted as the financial advisor for First IC [3].