MetroCity Bankshares, Inc. (NASDAQ: MCBS) has successfully completed the acquisition of First IC Corporation (OTCEM: FIEB), marking a significant strategic move in the banking industry.
The acquisition, finalized on December 1, 2025, strengthens MetroCity's competitive position and financial capabilities, paving the way for enhanced services for customers.
Following the merger, MetroCity now boasts approximately $4.8 billion in total assets, reinforcing its presence with 30 branches and two loan production offices in multiple states.
Acquisition Completion
MetroCity successfully finalized the acquisition of First IC Corporation, enhancing its market position.
Financial Impact
The merger has propelled MetroCity's total assets to around $4.8 billion, solidifying its financial standing in the industry.
Strategic Expansion
With 30 full-service branches and two loan production offices in key states, MetroCity is poised for expanded operations post-acquisition.
- The completed acquisition bolsters MetroCity's competitive edge by combining resources and expertise from both entities, resulting in a stronger financial foundation.
- With increased financial flexibility and expanded geographical reach, MetroCity is well-equipped to meet the evolving needs of its customers and communities.
The successful acquisition of First IC Corporation reinforces MetroCity's commitment to growth and excellence in banking services, setting a positive trajectory for the company's future endeavors.