MetroCity Bankshares, Inc. Completes Acquisition of First IC Corporation

Core Viewpoint - MetroCity Bankshares, Inc. has successfully completed the acquisition of First IC Corporation, enhancing its competitive position and financial flexibility to better serve its customers and communities [1][2]. Company Overview - MetroCity Bankshares, Inc. is headquartered in Doraville, Georgia, and operates as the holding company for Metro City Bank, which has banking offices across eight states [4]. - Following the acquisition, MetroCity's total assets are approximately $4.8 billion, with total loans of $4.0 billion and total deposits of $3.6 billion [2]. Acquisition Details - The acquisition of First IC Corporation became effective after the close of business on December 1, 2025 [1]. - The merger aims to create a stronger banking entity by combining the strengths of both organizations [2]. Financial Advisors - Hillworth Bank Partners acted as the financial advisor to MetroCity, providing a fairness opinion to its board of directors [3]. - Stephens Inc. served as the financial advisor to First IC, also rendering a fairness opinion to its board [3].