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MetroCity, First IC get regulatory, shareholder approval for merger

MetroCity Bankshares (MCBS) announced that it has received all required regulatory approvals and non-objections to complete its merger with First IC Corporation. On July 15, First IC’s shareholders also voted to approve the merger. The merger is expected to be completed early in the fourth quarter of 2025, and remains subject to the satisfaction of customary closing conditions.

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