$MCBS·8-K/A

MetroCity Bankshares, Inc. · Feb 12, 4:55 PM ET

MetroCity Bankshares, Inc. 8-K/A

Research Summary

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Updated

MetroCity Bankshares Announces Merger with First IC (Dec 1, 2025)

What Happened
MetroCity Bankshares, Inc. (MCBS) announced it completed its previously disclosed merger with First IC Corporation (First IC) effective December 1, 2025. At the Effective Time, First IC merged into MetroCity (MetroCity is the surviving corporation) and First IC Bank merged into Metro City Bank (Metro City Bank is the surviving bank). MetroCity filed Amendment No. 1 to its Form 8-K on February 12, 2026 to provide the historical financial statements of First IC and the required pro forma financial information.

Key Details

  • Effective date of the merger: December 1, 2025.
  • Corporate outcome: First IC merged into MetroCity; First IC Bank merged into Metro City Bank (both MetroCity entities are the survivors).
  • MetroCity filed Amendment No. 1 to its Form 8-K on February 12, 2026 to include: audited consolidated financial statements of First IC for years ended December 31, 2024 and 2023, unaudited consolidated results for the nine months ended September 30, 2025, and unaudited pro forma condensed consolidated financial statements for the nine months ended September 30, 2025 and year ended December 31, 2024.
  • Report signed by MetroCity’s CFO, Lucas Stewart, on February 12, 2026.

Why It Matters
The filing confirms the legal and accounting close of MetroCity’s acquisition of First IC and completes required SEC disclosure steps. The included historical financials and pro forma statements let investors and analysts review First IC’s past results and see how the companies’ combined financials would have appeared for recent reporting periods—useful for evaluating MetroCity’s post‑merger financial position and performance going forward.

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