MetroCity Bankshares, Inc. Declares Quarterly Cash Dividend
Rhea-AI Summary
On January 19, 2022, MetroCity Bankshares, Inc. (NASDAQ: MCBS) declared a quarterly cash dividend of $0.15 per share, payable on February 11, 2022. Shareholders on record as of February 2, 2022 will receive the dividend. The bank operates 19 branches across multi-ethnic communities in states including Alabama, Florida, and Texas, focusing on providing financial services.
Positive
- Declaring a quarterly cash dividend of $0.15 per share demonstrates financial strength and shareholder return.
- The bank serves multi-ethnic communities, potentially enhancing market reach and customer base.
Negative
- None.
News Market Reaction – MCBS
In the trading session that priced this news, MCBS declined 2.26%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATLANTA, Jan. 19, 2022 /PRNewswire/ -- MetroCity Bankshares, Inc. (NASDAQ: MCBS) announced today that its board of directors declared a quarterly cash dividend of
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
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SOURCE MetroCity Bankshares, Inc.