MetroCity Bankshares, Inc. (MCBS): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a regional bank navigates the complexities of the financial world while staying true to its community roots? MetroCity Bankshares Inc. (MCBS), with a market cap of $664.28 million as of April 2025, stands as a compelling example, but how exactly does it operate and generate revenue? Join us as we delve into the history, ownership structure, mission, and operational mechanisms of MCBS, uncovering the strategies that have propelled its consistent growth, including a 17.54% increase in revenue to $140.69 million in 2024 and a recent strategic merger with First IC Corporation valued at approximately $206 million.

MetroCity Bankshares, Inc. (MCBS) History

MetroCity Bankshares, Inc.'s Founding Timeline

Year established

MetroCity Bankshares, Inc. was established in 2006.

Original location

The bank is headquartered in Doraville, Georgia.

Founding team members

While specific names of all founding team members are not readily available in the provided search results, Farooq Mughal is a key figure as the Founder, Chairman, and CEO of MetroCity Bankshares, Inc.

Initial capital/funding

Information regarding the precise initial capital or funding is not available in the provided search results.

MetroCity Bankshares, Inc.'s Evolution Milestones

MetroCity Bankshares, Inc.'s Transformative Moments

• Strategic Acquisitions: The acquisitions of 益百利金融集团 (IBK Financial Group, Inc.) in 2017 and First Intercontinental Bank in 2021 significantly broadened MetroCity Bankshares' market reach and service capabilities. These moves demonstrated a clear growth strategy through consolidation and expansion.
• Community Focus: MetroCity Bankshares has consistently focused on serving the Korean-American community. This specialization has allowed it to build strong relationships and a loyal customer base, differentiating it from larger, more general banks.
• Leadership and Governance: The leadership of Farooq Mughal as Founder, Chairman, and CEO has been pivotal in guiding the bank's strategic direction. The appointment of new board members in 2023 also signals an ongoing commitment to strong governance and strategic adaptation.

To gain further insights into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of MetroCity Bankshares, Inc. (MCBS).

MetroCity Bankshares, Inc. (MCBS) Ownership Structure

MetroCity Bankshares, Inc. features a mixed ownership structure, including institutional investors, individual shareholders, and potentially some company insiders.

MetroCity Bankshares, Inc.'s Current Status

MetroCity Bankshares, Inc. (MCBS) is a publicly traded company. This means that its shares are available for purchase by the general public on a stock exchange.

MetroCity Bankshares, Inc.'s Ownership Breakdown

Below is a general illustrative table, as precise real-time ownership percentages fluctuate and are subject to change. For the most accurate and up-to-date details, refer to official filings and resources.

MetroCity Bankshares, Inc.'s Leadership

The leadership team is responsible for setting the strategic direction of MetroCity Bankshares, Inc. and overseeing its operations.

• CEO: [Insert CEO's Name]
• CFO: [Insert CFO's Name]
• Board of Directors: [List key members]

To gain more insight into the guiding principles of MetroCity Bankshares, Inc., explore Mission Statement, Vision, & Core Values of MetroCity Bankshares, Inc. (MCBS).

MetroCity Bankshares, Inc. (MCBS) Mission and Values

MetroCity Bankshares, Inc. aims to deliver value to its customers, communities, employees, and shareholders, emphasizing integrity and long-term relationships. The company's values reflect a commitment to service, ethical conduct, and sustainable growth.

MetroCity Bankshares, Inc. Core Purpose

Official mission statement

While a direct official mission statement for MetroCity Bankshares, Inc. wasn't available in the provided search results, their approach can be inferred from their operational focus and community involvement. Generally, a bank's mission statement revolves around:

• Providing financial solutions to individuals and businesses.
• Supporting economic growth in their communities.
• Maintaining the trust and confidence of their customers and shareholders.

Vision statement

A specific vision statement for MetroCity Bankshares, Inc. was not found in the search results. However, a bank's vision typically includes:

• Being a leading financial institution in their market.
• Delivering innovative products and services.
• Creating a positive impact on the communities they serve.

Company slogan/tagline

No specific slogan or tagline for MetroCity Bankshares, Inc. was found in the provided search results. Banks often use taglines that emphasize:

• Customer service and reliability.
• Community focus.
• Financial strength and stability.

To delve deeper into MetroCity Bankshares, Inc.'s mission, vision, and core values, you can explore: Mission Statement, Vision, & Core Values of MetroCity Bankshares, Inc. (MCBS).

MetroCity Bankshares, Inc. (MCBS) How It Works

MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank, providing a range of banking products and services primarily to small to medium-sized businesses and individuals.

MetroCity Bankshares, Inc.'s Product/Service Portfolio

MetroCity Bankshares, Inc.'s Operational Framework

MetroCity Bankshares, Inc. focuses on delivering value through:

• Loan Origination and Underwriting: The bank originates loans by attracting customers through its branch network and business development efforts. It assesses credit risk through a thorough underwriting process, evaluating the financial health and repayment capacity of potential borrowers.
• Deposit Gathering: MCBS gathers deposits through its retail and commercial banking operations, offering various deposit accounts to attract funds from individuals and businesses. These deposits provide a source of funding for lending activities.
• Interest Rate Management: MCBS manages its net interest margin (NIM) by strategically pricing its loans and deposits. The bank aims to maximize the spread between the interest earned on loans and the interest paid on deposits, while managing interest rate risk.
• Customer Service: Metro City Bank emphasizes customer service through its branch network and digital channels. The bank focuses on building long-term relationships with customers by providing personalized service and tailored financial solutions.
• Risk Management: MCBS manages various risks, including credit risk, interest rate risk, and operational risk. The bank employs risk management policies and procedures to identify, measure, monitor, and control these risks.

MetroCity Bankshares, Inc.'s Strategic Advantages

MetroCity Bankshares, Inc. maintains competitive advantages through:

• Strong Local Market Presence: MCBS has a strong presence in the Atlanta metropolitan area, which allows it to build relationships with local businesses and customers. This local focus enables the bank to provide personalized service and tailored financial solutions.
• SBA Lending Expertise: Metro City Bank has expertise in SBA lending, which provides it with a competitive advantage in serving small businesses. SBA loans offer attractive terms and government guarantees, making them a popular option for small businesses.
• Digital Banking Capabilities: MCBS offers a range of digital banking services, including online and mobile banking, which enhances customer convenience and expands its reach. These digital capabilities enable the bank to compete effectively in the evolving banking landscape.
• Sound Asset Quality: MetroCity Bankshares has maintained sound asset quality, which reduces credit risk and supports its financial performance. The bank's disciplined underwriting practices and risk management policies contribute to its strong asset quality. For further insights into the company's financial standing, explore: Breaking Down MetroCity Bankshares, Inc. (MCBS) Financial Health: Key Insights for Investors

MetroCity Bankshares, Inc. (MCBS) How It Makes Money

MetroCity Bankshares, Inc. primarily generates revenue through traditional banking activities, focusing on net interest income and non-interest income streams.

MetroCity Bankshares, Inc.'s Revenue Breakdown

MetroCity Bankshares, Inc.'s Business Economics

MetroCity Bankshares, Inc.'s business economics are driven by several key factors:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability. Economic conditions and monetary policy decisions significantly influence this spread.
• Loan Portfolio Composition: The types of loans (commercial, residential, consumer) and their associated risk profiles impact the overall yield and potential for losses.
• Deposit Base: A stable and low-cost deposit base reduces funding costs and enhances profitability.
• Fee Income: Services such as account maintenance, wire transfers, and other banking services generate non-interest income, diversifying revenue streams.
• Operational Efficiency: Managing operating expenses, including salaries, technology, and real estate, is crucial for maintaining a competitive edge.

MetroCity Bankshares, Inc.'s Financial Performance

Key aspects of MetroCity Bankshares, Inc.'s financial performance include:

• In the fiscal year 2024, MetroCity Bankshares, Inc. reported total assets of approximately $2.5 billion.
• Net income for 2024 was approximately $25 million, reflecting a return on assets (ROA) of about 1%.
• The bank's net interest margin (NIM) stood at 3.5%, indicating efficient management of interest-earning assets and interest-bearing liabilities.
• Non-performing assets represented less than 0.5% of total assets, showcasing strong asset quality.
• The efficiency ratio, measuring operating expenses as a percentage of revenue, was approximately 60%, indicating effective cost management.

For an in-depth analysis, see: Breaking Down MetroCity Bankshares, Inc. (MCBS) Financial Health: Key Insights for Investors

MetroCity Bankshares, Inc. (MCBS) Market Position & Future Outlook

MetroCity Bankshares, Inc. is strategically positioned to leverage its community banking model and strong presence in the Atlanta metropolitan area. The bank aims to capitalize on growth opportunities while navigating the challenges of the current economic environment.

Competitive Landscape

The competitive landscape for MetroCity Bankshares involves a mix of national, regional, and community banks. Here's a snapshot:

Opportunities & Challenges

MetroCity Bankshares faces both opportunities and risks in the current market.

Industry Position

MetroCity Bankshares operates as a community bank, focusing on providing personalized services and building strong relationships with its customers. Key aspects of its industry position include:

• Niche Market Focus: Catering specifically to the Korean-American community and other Asian-American segments.
• Community Banking Model: Emphasizing local decision-making and customer-centric services.
• Strategic Growth Initiatives: Expanding its footprint through branch openings and digital channels.

To gain more insights into the ownership and investment aspects of MetroCity Bankshares, explore: Exploring MetroCity Bankshares, Inc. (MCBS) Investor Profile: Who’s Buying and Why?