A Brief History of MetroCity Bankshares, Inc. (MCBS)

MetroCity Bankshares, Inc. (MCBS) is a company that has a rich history dating back to its founding in 2006. The company was established as the holding company for Metro City Bank, a community bank based in Atlanta, Georgia. Since its inception, MCBS has grown to become a trusted financial institution known for its commitment to serving the needs of its customers.

Here are some key milestones in the history of MetroCity Bankshares, Inc.:

• 2006: MCBS was founded as the holding company for Metro City Bank, which was established to provide banking services to the growing Asian-American community in the Atlanta area.
• 2009: Metro City Bank expanded its operations by opening a branch in Doraville, Georgia, to better serve customers in the northern part of the metro Atlanta area.
• 2012: MCBS successfully completed its initial public offering (IPO) and began trading on the NASDAQ stock exchange under the ticker symbol MCBS.
• 2015: Metro City Bank opened its third branch in Gwinnett County, Georgia, further expanding its reach in the metro Atlanta market.
• 2020: Despite the challenges posed by the COVID-19 pandemic, MCBS continued to thrive and provide essential banking services to its customers, demonstrating its resilience and commitment to serving the community.

Who Owns MetroCity Bankshares, Inc. (MCBS)

MetroCity Bankshares, Inc. (MCBS) is a publicly traded company, which means that its ownership is distributed among shareholders who own shares of the company's stock. The largest shareholders of MCBS are institutional investors, which include mutual funds, hedge funds, and pension funds. These institutions hold significant portions of the company's stock and have a large influence on its direction and decision-making.

Some of the other major shareholders of MCBS include individual investors who purchase shares of the company through their brokerage accounts. These individual investors may include company executives, employees, and other stakeholders who have a personal interest in the success of MCBS.

• Institutional Investors: Institutional investors such as mutual funds and pension funds hold a large portion of MCBS stock.
• Individual Investors: Individual investors, including company executives and employees, also own shares of MCBS.

Overall, the ownership of MetroCity Bankshares, Inc. is diversified among various institutional and individual investors, each with their own stake in the company's performance and success.

MetroCity Bankshares, Inc. (MCBS) Mission Statement

At MetroCity Bankshares, Inc. (MCBS), our mission is to provide exceptional financial services to our customers while fostering growth and prosperity in the communities we serve. We are committed to building strong relationships with our customers, employees, and shareholders based on integrity, trust, and transparency.

We strive to deliver innovative and customized solutions that meet the unique needs of each customer, helping them achieve their financial goals and create long-term success. Our dedication to excellence in customer service sets us apart in the industry and drives our continued growth and success.

• Provide exceptional financial services
• Foster growth and prosperity in the communities we serve
• Build strong relationships based on integrity, trust, and transparency
• Deliver innovative and customized solutions
• Excellence in customer service

How MetroCity Bankshares, Inc. (MCBS) Works

MetroCity Bankshares, Inc. (MCBS) is a financial holding company that operates through its subsidiary, MetroCity Bank. The bank provides a wide range of banking and financial services to customers in the United States, with a focus on the Asian-American community.

• Banking Services: MetroCity Bank offers various banking services, including personal banking, business banking, and wealth management services. Customers can open checking and savings accounts, apply for loans, and access online banking services.
• Loan Products: The bank provides a variety of loan products, such as mortgage loans, personal loans, and business loans. Customers can work with loan officers to find the best financing solutions for their needs.
• Investment Services: MetroCity Bank also offers investment services through its wealth management division. Customers can access investment products and services to help them meet their financial goals.

MCBS operates with a commitment to providing excellent customer service and building long-term relationships with its clients. The company strives to understand the unique needs of each customer and provide customized financial solutions to meet those needs.

Overall, MetroCity Bankshares, Inc. works to provide a comprehensive suite of financial services to its customers, helping them achieve their financial goals and secure their futures.

How MetroCity Bankshares, Inc. (MCBS) Makes Money

MetroCity Bankshares, Inc. (MCBS) generates revenue through a variety of sources within its banking operations. Here are some key ways the company makes money:

• Interest Income: One of the primary revenue streams for MCBS is the interest income it earns from loans and securities. The bank offers various types of loans to customers, such as mortgages, auto loans, and business loans. The interest charged on these loans generates a significant portion of MCBS's income.
• Service Fees: MCBS also earns money through service fees charged to customers for various banking services. This can include fees for account maintenance, overdrafts, wire transfers, and ATM usage. These fees add up and contribute to the bank's overall revenue.
• Investment Income: Another way MCBS makes money is through investment income. The bank invests in various securities, such as government bonds and corporate bonds, to earn additional income. This income can fluctuate based on market conditions but is an important source of revenue for the company.
• Foreign Exchange: MCBS also generates revenue through foreign exchange transactions. The bank facilitates currency exchange for customers who need to convert funds from one currency to another. This service comes with fees and spreads that contribute to the bank's bottom line.
• Other Banking Services: In addition to the main revenue streams mentioned above, MCBS offers other banking services that generate income. This can include wealth management services, treasury management, and credit card processing. These additional services help diversify the bank's revenue sources.