Quick Take
MetroCity Bankshares (OTCQX:MCBS) has filed to raise gross proceeds of up to $40 million from a U.S. IPO, according to an S-1 registration statement.
The firm operates a network of full-service commercial banking branches in the US under the name Metro City Bank.
MCBS is a growing business bank focused on ethnically diverse communities. I’ll provide an update when we learn more details about the IPO from management.
Company & Business
Doraville, Georgia-based Metro City was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in the