MetroCity Bankshares Vice Chair Resigns from Board

What Happened
MetroCity Bankshares, Inc. (MCBS) filed an 8-K on August 21, 2026 stating that Don T.P. Leung notified the company on August 19, 2026 that he will resign as a member of the Board of Directors and as vice chairman of the Board of both MetroCity Bankshares and its wholly owned banking subsidiary, Metro City Bank, effective September 17, 2026. Mr. Leung will also resign as Chairman of the Company’s Credit Risk Management Committee and as a member of the Executive Committee, Nominating and Governance Committee, Information Technology Committee and Loan Committee. The filing states his decision is not due to any disagreement with the company or its management.

Key Details

• 8-K filed: August 21, 2026; resignation notice given: August 19, 2026; effective date: September 17, 2026.
• Principal roles leaving: Board member and vice chairman of both the Company and the Bank.
• Committee roles leaving: Chairman, Credit Risk Management Committee; member of Executive, Nominating & Governance, Information Technology, and Loan Committees.
• Filing explicitly states resignation is not the result of any disagreement with the Company or its management.

Why It Matters
A senior board and committee departure can affect corporate governance and oversight — notably credit risk oversight given Mr. Leung’s chairmanship of that committee. For investors, the filing is factual and non-adversarial (no disagreement cited), but shareholders should watch for any announcement of a replacement or interim committee reassignments, as those could influence board composition and oversight going forward.