Metro City Bank

Last updated
MetroCity Bankshares, Inc.
Company typePrivate
Nasdaq:  MCBS
Russell 2000 Index component
Industry Banking
Founded2014
Headquarters Doraville, Georgia, United States
Key people
Nack Young Paek, Chairman and Chief Executive Officer
Revenue$92.9 million (2017) [1]
Korean name
Hangul
메트로시티은행
Hanja
메트로시티銀行
Revised Romanization Meteuro Siti Eunhaeng
McCune–Reischauer Met'ŭro Sit'i Ŭnhaeng
Website www.metrocitybank.com

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]

Related Research Articles

<span class="mw-page-title-main">Financial services</span> Economic service provided by the finance industry

Financial services are economic services tied to finance provided by financial institutions. Financial services encompass a broad range of service sector activities, especially as concerns financial management and consumer finance.

<span class="mw-page-title-main">Comerica</span> American financial services company

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

GE Capital is the financial services division of General Electric.

The main elements of Japan's financial system are much the same as those of other major industrialized nations: a commercial banking system, which accepts deposits, extends loans to businesses, and deals in foreign exchange; specialized government-owned financial institutions, which fund various sectors of the domestic economy; securities companies, which provide brokerage services, underwrite corporate and government securities, and deal in securities markets; capital markets, which offer the means to finance public and private debt and to sell residual corporate ownership; and money markets, which offer banks a source of liquidity and provide the Bank of Japan with a tool to implement monetary policy.

<span class="mw-page-title-main">BankAtlantic</span> Former Florida bank

BankAtlantic was a US bank that operated in the state of Florida until it was acquired in 2012 by BB&T Corporation. It provided consumer and business banking services to communities throughout Florida.

<span class="mw-page-title-main">China CITIC Bank</span> Chinese state-owned banking corporation

China CITIC Bank is China's seventh-largest lender in terms of total assets. It was known as CITIC Industrial Bank until it changed its name in August 2005. China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. The bank operates in Hong Kong, Macau, New York, Los Angeles, Singapore and London, and maintains a strong foothold on the mainland banking industry. The bank operates 163 branches in the mainland, and 1,252 sub-branches, located in economically developed regions of China. In total, there are 1,415 branch offices in China, as of Q4 2021.

Johnson Financial Group, Inc is the holding company of Johnson Bank and Johnson Insurance. Helen Johnson-Leipold, one of Samuel Curtis Johnson Jr.'s four children, serves as chairman of the company.

Banner Bank is a Washington-chartered commercial bank headquartered in Walla Walla, Washington, with roots that date back to 1890. The bank provides services in commercial real estate, construction, residential, agricultural and consumer loans. It also provides community banking services through its branches and loan offices located in Washington, Oregon, Idaho and California.

Delta Community Credit Union is a credit union headquartered in Georgia, a state in the United States. Delta Community Credit Union has $8.5B in assets and more than 430,000 members. USA Credit Unions has ranked Delta Community as among the top 25 largest credit unions in the U.S. Members include residents in 16 Atlanta metro area counties. The credit union serves the following companies: Delta Air Lines, Chick-fil-A, RaceTrac and UPS. As a not-for-profit credit union, their earnings must be returned to their members. According to Credit Unions Online, "the largest credit union in Georgia is Delta Community Credit Union...". Delta Community is a state-chartered credit union organized under the Georgia Department of Banking and Finance and federally insured by the National Credit Union Share Insurance Fund. There are 30 branch offices. It is a member of CO-OP, formerly known as CU Service Centers, a nationwide cooperative that has 3,500 member credit unions with +5,000 branches.

<span class="mw-page-title-main">Northeast Bank</span>

Northeast Bank is a Maine-based full-service financial institution. Their National Lending group purchases and originates commercial loans on a nationwide basis while the Community Banking group offers personal and business banking services within Maine via nine branches. Additionally, ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.

<span class="mw-page-title-main">Phnom Penh Commercial Bank</span>

Phnom Penh Commercial Bank is a public bank of Cambodia. The bank was founded on 1 September 2008 with US$15m in paid in capital. The head office of the bank is located at #217, Norodom Blvd, Sangkat Tonle Bassac, Khan Chomkarmon.

Hanmi Bank is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

<span class="mw-page-title-main">Citibank Philippines</span> Bank in the Philippines

Citibank Philippines was the Philippines branch of Citibank. In July 1902, the International Banking Corporation, a predecessor to Citibank, opened its first branch in Manila. It was the largest commercial bank in the Philippines.

<span class="mw-page-title-main">Metro Bank (United Kingdom)</span> Bank operating in the United Kingdom

Metro Bank plc is a retail and commercial bank operating in the United Kingdom, founded by Anthony Thomson and Vernon Hill in 2010. At its launch it was the first new high street bank to launch in the United Kingdom in over 150 years. It is listed on the London Stock Exchange.

Citystate Savings Bank is a publicly listed thrift bank listed in the Philippine Stock Exchange. The bank was a partnership between a group of Filipino businessmen led by Ambassador Antonio Cabangon Chua and a Singaporean investment holding company. It was granted the thrift bank license by the Monetary Board of Bangko Sentral ng Pilipinas in 1997. City State offers banking services, such as deposit products and services, cash management, onsite/offsite ATM facilities, corporate and retail banking, and treasury services. The bank caters to the needs of corporate, middle market and retail clients. The bank operates a total of 24 branches nationwide and employs 276 employees at the end of 2009. As of December 27, 2010, Citystate has a total market capitalization of P2.03 billion and share price of P28.00.

<span class="mw-page-title-main">CBB Bank</span> Korean American bank

CBB Bancorp, Inc. is the holding company for Commonwealth Business Bank providing commercial and personal banking services in the United States. CBB Bank has 10 retail branches in California, Texas and Hawaii. It is one of five major Korean-American banks in the United States.

PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.

<span class="mw-page-title-main">Open Bank</span> Korean American bank

Open Bank is a Korean American bank based in California that offers commercial banking services. It currently has nine branches located in California, one branch in Texas, one branch in Nevada, four loan production offices - two located in Washington, one in Colorado, one in Georgia, and a home loan center in Los Angeles. It is one of five major Korean-American banks in the United States.

Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.

Green Bank was a nationally chartered commercial bank headquartered in Houston, Texas. It was founded in 1999 and acquired by Veritex Community Bank in 2018. The bank had branches in Texas and Kentucky. The bank offered traditional banking services such as checking accounts and savings accounts. In addition, it offered various consumer loans, such as residential real estate loans, home equity loans, installment loans, unsecured and secured personal lines of credit, overdraft protection, and letters of credit. The company also provided a range of online banking services, including access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; and extended drive-through hours, and ATMs, as well as banking through telephone, mail, and personal appointment.

References

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