Metro City Bank Explained

MetroCity Bankshares, Inc.
Type:Public
Traded As:NASDAQ:
Russell 2000 Index component
Location:Doraville, Georgia, United States
Key People:Nack Young Paek (chairman and CEO)
Industry:Banking
Revenue:$92.9 million (2017)[1]
Module:
Child:yes
Hangul:메트로시티
Hanja:메트로시티
Rr:Meteuro Siti Eunhaeng
Mr:Met'ŭro Sit'i Ŭnhaeng

Metro City Bank is a Korean-American bank based in Doraville, Georgia and offers personal and commercial banking services. It is the largest Korean-American bank to not be based out of Los Angeles, California. It currently operates a total of 19 branches in Texas, New York, New Jersey, Virginia, Georgia, Alabama, and Florida.[2]

Overview

Although being relatively young, Metro City Bank has grown to be one of the biggest Korean-American banks in the country since its beginnings in 2014.[3] The bank is state chartered and FDIC insured. It offers a financial products and services specifically for customers, which include small business owners, professionals, consumers and real estate developers. It offers personal and business banking, commercial real estate loans, commercial loans, automobile loans, personal loans, personal lines of credit, residential mortgages, Small Business Administration loans, and USDA B&I loans.[4] [5]

Notes and References

  1. Web site: MCBS Income Statement - METROCITY BANKSHAR Stock. Yahoo Finance.
  2. Web site: Locations And ATMs . Metro City Bank.
  3. Web site: Korean-American banks adapt to shifts . Banking Exchange . 2014-10-24 . 2018-06-15.
  4. Web site: About Us. Metro City Bank.
  5. Web site: MCBS Profile - METROCITY BANKSHAR Stock. Yahoo Finance.