Metro City Bank

What Metro City Bank does

Metro City Bank, operating under the publicly traded holding company MetroCity Bankshares, Inc. (NASDAQ:MCBS), is a full-service FDIC-insured community commercial bank founded in 2006 by Nack Paek in Doraville, Georgia. The bank serves individual consumers and small-to-medium businesses through 30 full-service branches across 8 U.S. states (Georgia, Alabama, Florida, Virginia, Texas, New York, and New Jersey), with the multi-state footprint resulting from the December 2025 acquisition of First IC Corporation for approximately $206 million. The institution holds a Minority Depository Institution (MDI) designation and maintains multilingual capabilities (Mandarin, Malay, English) supporting its focus on Asian immigrant communities, particularly Korean-American customers.

The product suite spans personal deposit products (Interest, Platinum, Senior, and Regular Checking; Gold, Diamond, and Premium Installment Savings; Money Market Accounts; CDs and CDARS; IRAs), business banking products (Regular and Analysis Checking, Business Savings, MMAs, CDs, IOLTA accounts), and lending products including commercial loans, SBA 7(a)/504 loans, USDA rural development loans, and residential mortgages. Supplementary services include cash management, wire transfers (domestic and international), remote deposit capture, Zelle P2P payments, and mobile/online banking. Technology is described as standard banking infrastructure without disclosed proprietary AI/ML systems, no published APIs or SDKs, and no patents.

Revenue is generated primarily from net interest income (Q1 2026 net interest margin of 4.08%, up 35 bps QoQ) plus fee-based income from account maintenance, wire transfers, and ATM services. The go-to-market is direct-to-consumer community banking through physical branches, supplemented by online and mobile channels. Q1 2026 financials show total assets of $4.7 billion, net income of $22.3 million (up 36.9% YoY), ROA of 1.96%, ROE of 18.28%, and an industry-leading efficiency ratio of 42.2%, with market capitalization of approximately $1.01 billion (June 2026) and a 3.3% dividend yield raised for five consecutive years.

Name

Metro City Bank

Legal name

Metro City Bank

Website

https://metrocitybank.bank

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Metro City Bank is a full-service community commercial bank operating 30 branches across 8 U.S. states, serving individual consumers and small-to-medium businesses with deposit products, SBA and commercial lending, and multilingual services focused on Asian immigrant communities under NASDAQ:MCBS.

Ownership category

akta.pro rank

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices18 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from loans and investments minus interest paid on deposits. Core revenue driver with net interest margin of 4.08% in Q1 2026.
2. Banking Fees and Service Charges: Fees from account maintenance, wire transfers, ATM usage, and other banking services

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Metro City Bank is a full-service community bank offering personal and business deposit products (checking, savings, money market, CDs, CDARS, IRAs, IOLTA), lending products (commercial loans, SBA loans, USDA loans, residential mortgages), and supporting banking services (cash management, wire transfers, mobile and online banking, remote deposit capture, international services). It serves individual consumers, families, and small/medium-sized businesses across 30 full-service branches in eight U.S. states.

Product overview

Metro City Bank operates as a traditional community bank offering a comprehensive suite of deposit and lending products. The bank provides personal banking services (checking accounts including Interest, Platinum, and Senior variants; savings accounts including Gold, Diamond, and Premium Installment options; Money Market Accounts; CDs; CDARS; and IRAs) alongside business banking products (Regular Checking, Analysis Checking, Business Savings, Money Market Accounts, CDs, and IOLTA Accounts for attorneys). The lending portfolio includes Commercial Loans, SBA Loans, USDA Loans, and Residential Mortgage Loans. Supplementary services encompass Cash Management, Wire Transfers, Remote Deposit Capture, Mobile Banking, Telephone & ATM Banking, International Services, and Zelle person-to-person payments. The bank operates 30 full-service branches across eight U.S. states following its December 2025 acquisition of First IC Corporation.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Tiered checking account suite (Regular, Interest, Platinum, and Senior) for individual consumers seeking transactional accounts with potential interest earnings, premium features, or senior-specific benefits.
• Personal Savings Accounts Saving products for individuals in Gold, Diamond, and Premium Installment savings tiers, allowing customers to earn interest on deposits with options for regular installment contributions or premium benefits.
• Money Market Account (MMA) Interest-bearing deposit account typically offering higher rates than regular savings, available for both personal and business customers.
• Certificates of Deposit (CDs) and CDARS Time deposit product with fixed terms and guaranteed returns in various term lengths, plus CDARS (Certificate of Deposit Account Registry Service) to access FDIC insurance coverage beyond the standard limit by placing deposits across multiple banks.
• Individual Retirement Accounts (IRAs) Tax-advantaged retirement savings accounts including traditional and Roth IRA options for individual customers planning for retirement.
• Business Checking Accounts Business checking accounts in Regular (basic everyday transactional needs) and Analysis (enhanced reporting for higher transaction volumes) tiers for business customers.
• Business Savings Account Savings account designed for business depositors to hold operational reserves and earn interest.
• IOLTA Accounts Interest on Lawyers Trust Accounts specifically designed for attorneys to hold client funds in compliance with bar association rules.
• Cash Management Digital banking service for business customers to manage cash flow, make payments, and optimize working capital.
• Wire Transfers Electronic funds transfer service for sending and receiving domestic and international payments.
• International Services Foreign exchange and international banking services for customers with cross-border transaction needs.
• Commercial Loans Business lending products including term loans, lines of credit, and other financing solutions for commercial customers.
• Small Business Administration Loans (SBA) Government-backed small business loans including SBA 7(a) and 504 programs for qualifying businesses.
• USDA Loans Agricultural and rural development loans backed by the U.S. Department of Agriculture for eligible borrowers.
• Residential Mortgage Loans Home purchase and refinance financing including conventional mortgages and other residential lending products.

Quantifiable outcome

• Q1 2026 net income of $22.3 million, up 21.9% from Q4 2025 and 36.9% YoY
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• First IC CorporationcoreStrategic or Co-development Partner · 1 December 2025MetroCity Bankshares completed acquisition of First IC Corporation effective December 1, 2025. The cash and stock transaction valued at approximately $206 million involved a mix of 46% stock and 54% cash. This strategic combination boosted total assets by 31.4% to $4.8 billion and increased loans held for investment by 36.6% to $4.1 billion, while adding additional branches to the network.

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/metro-city-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metro City Bank