MetroCity Bankshares, Inc.

MetroCity Bankshares, Inc. is the bank holding company for Metro City Bank, which provides a range of banking products and services in the United States. The company offers customary banking services including consumer and commercial checking, savings, and money market accounts, as well as certificates of deposit. On the lending side, it provides commercial and consumer loans, including single family residential loans, construction and development loans, owner and non-owner occupied commercial real estate loans, commercial and industrial loans, residential mortgage loans, small business administration loans, and consumer loans. Additionally, it offers letters of credit and invests in securities. The bank also provides online and mobile banking services, such as remote check deposit, mobile bill pay, and treasury management services including balance reporting, wire transfers, and automated clearing house services.

MetroCity Bankshares, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol MCBS. Its shares are traded in U.S. dollars (USD), reflecting its primary operations in the United States. The company is headquartered in Doraville, Georgia, and its stock is available for trading during regular market hours on the Nasdaq exchange.

MetroCity Bankshares operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank, it focuses on providing banking services to local communities and businesses in the United States. Its industry classification indicates that it is a regional bank, which typically means it operates in a specific geographic area rather than nationally or globally. The company's services are tailored to meet the needs of consumers and commercial clients in its market areas.

MetroCity Bankshares is headquartered in Doraville, Georgia, a city in the metropolitan Atlanta area. The company serves customers in the United States through its subsidiary, Metro City Bank. While the summary does not specify the exact geographic footprint, as a regional bank it primarily focuses on the local communities where it operates. The bank offers a full suite of banking products and services, including online and mobile banking, to cater to both consumer and commercial clients. Its services are accessible through branches, ATMs, telephone banking, and digital channels.

MetroCity Bankshares generates revenue primarily through its banking operations, which include earning interest on loans and investing in securities. The company's loan portfolio consists of commercial and consumer loans, such as commercial real estate loans (both owner and non-owner occupied), construction and development loans, residential mortgage loans, small business administration loans, and consumer loans. It also earns fee income from services like treasury management, online banking, and other banking services. Additionally, the company offers deposit products like checking, savings, and money market accounts, as well as certificates of deposit, which provide a source of funds for lending. The bank's revenue model is typical for a regional bank, focusing on net interest income and non-interest income from fees.