MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share, payable on November 10, 2022, to shareholders of record as of November 2, 2022. The announcement reflects the company's commitment to returning value to its shareholders while maintaining a strong financial position. MetroCity operates 19 branches across various states including Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia, highlighting its extensive presence in multi-ethnic communities.

Positive

• Declared quarterly cash dividend of $0.15 per share.
• Dividend payment reflects commitment to shareholder value.

Negative

• None.

ATLANTA, Oct. 19, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of $0.15 per share on its common stock. The cash dividend is payable on November 10, 2022 to shareholders of record as of November 2, 2022.

About MetroCity Bankshares, Inc.

MetroCity Bankshares, Inc. is a Georgia corporation and a bank holding company for its wholly-owned banking subsidiary, Metro City Bank, which is headquartered in the Atlanta metropolitan area. Metro City Bank currently operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. To learn more about Metro City Bank, visit www.metrocitybank.bank.

Contact Information
Farid Tan
770-455-4978
faridtan@metrocitybank.bank

Lucas Stewart
678-580-6414
lucasstewart@metrocitybank.bank

View original content to download multimedia:https://www.prnewswire.com/news-releases/metrocity-bankshares-inc-declares-quarterly-cash-dividend-301654097.html

SOURCE MetroCity Bankshares, Inc.

FAQ

What is the dividend amount for MetroCity Bankshares, Inc. (MCBS)?

MetroCity Bankshares, Inc. declared a cash dividend of $0.15 per share.

When will the dividend for MCBS be paid?

The dividend will be payable on November 10, 2022.

What is the record date for the MCBS dividend?

The record date for the dividend is November 2, 2022.

How many branches does MetroCity Bank operate?

MetroCity Bank operates 19 full-service branch locations.