MetroCity Bankshares vice chair Leung to exit board

Q: What board change did MetroCity Bankshares (MCBS) disclose in this 8-K?

MetroCity Bankshares disclosed that Don T.P. Leung will resign as a member of the Board of Directors of the company and Metro City Bank and as vice chairman of the Board, effective September 17, 2026.

Q: Did MCBS report any disagreement related to Don T.P. Leung’s resignation?

No. MetroCity Bankshares states that Mr. Leung’s decision to resign is not the result of any disagreement with the company or its management regarding operations, policies or practices.

Q: Which committee roles is Don T.P. Leung leaving at MetroCity Bankshares (MCBS)?

Don T.P. Leung will leave roles as Chairman of the Credit Risk Management Committee and member of the Executive, Nominating and Governance, Information Technology and Loan Committees.

MetroCity Bankshares, Inc. (MCBS) reported that on August 19, 2026, director and vice chairman Don T.P.

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Form Type

8-K

Rhea-AI Filing Summary

MetroCity Bankshares, Inc. (MCBS) reported that on August 19, 2026, director and vice chairman Don T.P. Leung notified the company and its wholly owned subsidiary Metro City Bank of his decision to resign from the Boards of both entities, effective September 17, 2026. He will also resign as Chairman of the Company’s Credit Risk Management Committee and as a member of the Executive Committee, Nominating and Governance Committee, Information Technology Committee and Loan Committee. The company states that Mr. Leung’s decision to resign is not the result of any disagreement with the company or its management regarding operations, policies or practices.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Notice date of resignation: August 19, 2026 Effective resignation date: September 17, 2026 Par value of common stock: $0.01 per share +2 more

5 metrics

Notice date of resignation August 19, 2026 Date Mr. Don T.P. Leung notified MetroCity Bankshares and Metro City Bank of his decision to resign

Effective resignation date September 17, 2026 Effective date of Mr. Leung’s resignation from the Boards and committee roles

Par value of common stock $0.01 per share Par value of MetroCity Bankshares common stock registered on The Nasdaq Stock Market LLC

Company telephone number (770) 455-4989 Registrant’s telephone number including area code

Company ZIP code 30340 ZIP code for MetroCity Bankshares’ principal executive offices at 5114 Buford Highway, Doraville, Georgia

Key Terms

Emerging growth company, Credit Risk Management Committee, Nominating and Governance Committee, Information Technology Committee, +1 more

5 terms

Emerging growth company regulatory

"Emerging growth company ◻ ◻"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Credit Risk Management Committee financial

"resigning as Chairman of the Company’s Credit Risk Management Committee"

Nominating and Governance Committee regulatory

"as a member of the Company’s Executive Committee, Nominating and Governance Committee"

A nominating and governance committee is a group of board members tasked with choosing and evaluating directors, planning leadership succession, and setting the company’s board-related rules and ethical standards. Think of it as the company’s hiring and rule-making panel for its top overseers. Its work matters to investors because it shapes who governs the company, how leadership transitions are handled, and whether the board can effectively oversee management and protect shareholder interests.

Information Technology Committee technical

"Nominating and Governance Committee, Information Technology Committee and Loan Committee"

Loan Committee financial

"Information Technology Committee and Loan Committee"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did MetroCity Bankshares (MCBS) disclose in this 8-K?

MetroCity Bankshares disclosed that Don T.P. Leung will resign as a member of the Board of Directors of the company and Metro City Bank and as vice chairman of the Board, effective September 17, 2026.

When is Don T.P. Leung’s resignation from MCBS effective?

Don T.P. Leung’s resignation from MetroCity Bankshares and Metro City Bank is effective September 17, 2026, following his notice given on August 19, 2026.

Which committee roles is Don T.P. Leung leaving at MetroCity Bankshares (MCBS)?

Don T.P. Leung will leave roles as Chairman of the Credit Risk Management Committee and member of the Executive, Nominating and Governance, Information Technology and Loan Committees.

Who signed the MCBS Form 8-K reporting Don T.P. Leung’s resignation?

The Form 8-K was signed on behalf of MetroCity Bankshares by Farid Tan, who is identified as President and Interim Chief Financial Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/21/2026 - 04:00 PM Accepted by SEC EDGAR 08/21/2026 - 04:00 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 21, 2026 (August 19, 2026)

METROCITY BANKSHARES, INC.

(Exact name of registrant as specified in its charter)


Georgia	No. 001-39068	47-2528408
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)


5114 Buford Highway Doraville, Georgia		30340
(Address of principal executive offices)		(Zip Code)

(770) 455-4989

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each Exchange on which registered
Common Stock, par value $0.01 per share	MCBS	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 19, 2026, Mr. Don T.P. Leung notified MetroCity Bankshares, Inc. (the “Company”) and Metro City Bank, the wholly owned banking subsidiary of the Company (the “Bank”), of his decision to resign as a member of the Board of Directors (the “Board”) of the Company and the Bank and as vice chairman of the Board, effective as of September 17, 2026. As a result, Mr. Leung will also be resigning as Chairman of the Company’s Credit Risk Management Committee and as a member of the Company’s Executive Committee, Nominating and Governance Committee, Information Technology Committee and Loan Committee. Mr. Leung’s decision to resign is not the result of any disagreement with the Company or its management on any matter relating to the Company’s operations, policies or practices.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



	METROCITY BANKSHARES, INC.

Date: August 21, 2026	By:	/s/ Farid Tan
		Farid Tan
		President and Interim Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents