MetroCity Bankshares Announces Increased Quarterly Dividend
MetroCity Bankshares Reports Quarterly Cash Dividend Announcement
MetroCity Bankshares, Inc. (NASDAQ: MCBS) is pleased to share that its board of directors has declared a quarterly cash dividend of $0.23 per share on its common stock. This dividend is a reflection of the bank's ongoing commitment to its shareholders. The cash dividends will be distributed on a specific date to all shareholders listed in the company records.
Understanding MetroCity Bankshares, Inc.
MetroCity Bankshares, Inc. operates as a bank holding company, managing the wholly-owned Metro City Bank. This financial institution has carved a niche for itself, focusing on serving diverse, multi-ethnic communities across several states, bringing a variety of banking services tailored to local needs.
Branch Network and Community Impact
Currently, Metro City Bank boasts 20 full-service branches strategically located in regions such as Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia. By maintaining these branches in underrepresented areas, the bank enhances financial inclusion, making banking accessible to all communities it serves. This focus aids in promoting economic growth and stability.
Commitment to Shareholders
With the declared cash dividend, MetroCity Bankshares showcases its robust financial health and commitment to rewarding its investors. This action signals confidence in the company’s sustainable growth and profitability. Shareholders can look forward to receiving their payout shortly, reflecting the company’s dedication to delivering value to those who invest in it.
What’s Next for MetroCity Bankshares?
Looking ahead, MetroCity Bankshares is poised for further expansion and enhancement of its product offerings. By focusing on the needs of its diverse customer base, the bank aims to deepen its community ties and fortify its market presence across all locations.
About Metro City Bank
Metro City Bank operates with a customer-centric approach, ensuring that banking products and services meet the unique demands of its clientele. This dedication not only strengthens customer relationships but also fosters loyalty and trust within the community.
Contact Information
For any inquiries, please reach out to Farid Tan at 770-455-4978 or Lucas Stewart at 678-580-6414. Both individuals are available to provide assistance regarding MetroCity Bankshares, Inc.
Frequently Asked Questions
What is the amount of the quarterly dividend declared?
The quarterly cash dividend declared by MetroCity Bankshares is $0.23 per share.
How can shareholders receive their dividends?
Shareholders listed in the company records will receive their dividends directly on the scheduled payment date.
Where is Metro City Bank headquartered?
Metro City Bank is headquartered in the Atlanta metropolitan area.
In which states does Metro City Bank operate?
Metro City Bank operates in Alabama, Florida, Georgia, New York, New Jersey, Texas, and Virginia.
What is the stock ticker for MetroCity Bankshares?
The stock ticker for MetroCity Bankshares is NASDAQ: MCBS.
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