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MetroCity Bankshares Completes Acquisition of First IC Corporation

Story Highlights
  • MetroCity Bankshares completed its acquisition of First IC Corporation on December 1, 2025.
  • The merger increases MetroCity’s assets to $4.8 billion and expands its branch network across eight states.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MetroCity Bankshares Completes Acquisition of First IC Corporation

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The latest update is out from MetroCity Bankshares ( (MCBS) ).

On December 1, 2025, MetroCity Bankshares, Inc. completed its acquisition of First IC Corporation, merging First IC Bank into Metro City Bank. This strategic move enhances MetroCity’s competitive position, increasing its total assets to approximately $4.8 billion and expanding its branch network across eight states. The merger, valued at approximately $110.6 million in cash and 3,384,381 shares of MCBS common stock, aims to create a stronger banking entity for its customers and communities.

The most recent analyst rating on (MCBS) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on MetroCity Bankshares stock, see the MCBS Stock Forecast page.

Spark’s Take on MCBS Stock

According to Spark, TipRanks’ AI Analyst, MCBS is a Neutral.

MetroCity Bankshares’ overall score is driven by its solid financial performance and reasonable valuation. However, the technical analysis indicates a bearish trend, which weighs down the overall score. The absence of earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on MCBS stock, click here.

More about MetroCity Bankshares

MetroCity Bankshares, Inc., headquartered in Doraville, Georgia, is the bank holding company for Metro City Bank, which operates banking offices across eight states. MetroCity’s common stock trades on The NASDAQ Stock Exchange under the symbol “MCBS.”

Average Trading Volume: 42,797

Technical Sentiment Signal: Hold

Current Market Cap: $681.1M

For a thorough assessment of MCBS stock, go to TipRanks’ Stock Analysis page.

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