MetroCity, First IC get regulatory, shareholder approval for merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2025
0mins
Merger Approval: MetroCity Bankshares has received all necessary regulatory approvals to merge with First IC Corporation, which was also approved by First IC's shareholders on July 15.
Completion Timeline: The merger is anticipated to be finalized in early Q4 of 2025, pending the fulfillment of standard closing conditions.
Analyst Views on MCBS
Wall Street analysts forecast MCBS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MCBS is 31.00 USD with a low forecast of 31.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 27.310
Low
31.00
Averages
31.00
High
31.00
Current: 27.310
Low
31.00
Averages
31.00
High
31.00
About MCBS
MetroCity Bankshares, Inc. is a bank holding company. It operates through its banking subsidiary, Metro City Bank (the Bank), which is a Georgia state-chartered commercial bank. It offers a suite of loan and deposit products. The Bank operates over 30 full-service branches and two loan production offices across Alabama, California, Florida, Georgia, New Jersey, New York, Texas, and Virginia. It offers customary banking services, such as consumer and commercial checking accounts, savings accounts, certificates of deposit, commercial and consumer loans, including single-family residential loans, money transfers and a variety of other banking services. It offers traditional depository products, including checking, savings, money market and certificates of deposits. It also offers a full suite of online banking solutions, including access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and mobile banking solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
