MetroCity Bankshares, Inc. announced on July 15, 2025, that it has received all required regulatory approvals and non-objections to complete its merger with First IC Corporation. This marks a significant milestone in the strategic combination of the two banking entities.
On the same date, First IC Corporation's shareholders also voted to approve the merger, fulfilling another key condition for the transaction. These approvals confirm the progression of the acquisition initially announced in March 2025.
The merger is now expected to be completed early in the fourth quarter of 2025, subject to the satisfaction of customary closing conditions. This development provides certainty regarding the expansion of MetroCity's asset base and market presence.
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