MetroCity Bankshares, Inc. (MCBS)

23.85 -0.48 (-1.97%) At close: 04:00PM EDT

MetroCity Bankshares, Inc.

5114 Buford Highway NE
Doraville
Atlanta, GA 30340
United States
770 455 4989
https://www.metrocitybank.bank

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 220

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Nack Young Paek	Chairman & CEO	1.16M	N/A	1943
Mr. Farid Tan	President & Director	1.16M	N/A	1958
Mr. Howard Hwasaeng Kim	Executive VP, Chief Lending Officer, COO & Director	1.08M	N/A	1957
Mr. Sion Nyen Lai	Secretary & Director	74.48k	N/A	1955
Mr. Lucas C. Stewart	Executive VP, CFO & Assistant Corporate Secretary	N/A	N/A	1979

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as certificates of deposit. The company also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; letters of credit; and commercial and industrial loans, residential mortgage loans, and SBA loans. In addition, it offers online banking services, which include access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions, such as remote check deposit with mobile bill pay; and automated teller machines and telephone banking services. Further, it provides debit cards for checking customers, direct deposits, and cashier's checks; treasury management services, including wire transfer, automated clearing house, and stop payments services; and cash management deposit products, such as remote deposit capture, positive pay, zero balance accounts, and sweep accounts. The company was founded in 2006 and is headquartered in Atlanta, Georgia.

Corporate Governance

MetroCity Bankshares, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 7. The pillar scores are Audit: 3; Board: 9; Shareholder Rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.