DORAVILLE, Ga., Nov. 14, 2025 -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) ("MetroCity"), the holding company for Metro City Bank (the "Bank"), and First IC Corporation (OTCEM: FIEB) ("First IC"), the parent company of First IC Bank, both based in Doraville, GA, previously announced that MetroCity received all required regulatory approvals and non-objections to complete its merger with First IC, as well as the approval of the First IC shareholders.
MetroCity and First IC are pleased to announce today that the merger is expected to be completed on December 1, 2025, subject to the satisfaction or waiver of the remaining customary closing conditions.
Advisors
Hillworth Bank Partners acted as financial advisor to MetroCity and rendered a fairness opinion to its board of directors. Hunton Andrews Kurth LLP served as legal counsel to MetroCity.
Stephens Inc. acted as financial advisor to First IC and rendered a fairness opinion to its board of directors. Alston & Bird LLP served as legal counsel to First IC.
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