On March 23, 2026, MetroCity Bankshares, Inc. disclosed in an 8-K filing that Lucas Stewart has resigned from his position as Executive Vice President and Chief Financial Officer, effective April 3, 2026. The resignation comes as part of a leadership transition within the company. Following Stewart's departure, the Board of Directors appointed Farid Tan as the interim Chief Financial Officer, principal financial officer, and principal accounting officer of both MetroCity Bankshares and its wholly-owned subsidiary, Metro City Bank. Tan, who has been with the company since its inception in 2006, previously held the CFO position from July 2019 to October 2021. He brings over 40 years of experience in the banking industry, having held various roles in Malaysia and the United States. The company has not entered into any new compensatory arrangements with Tan in connection with this designation, and there are no reported family relationships or transactions involving Tan that require disclosure. This leadership change is expected to have a small negative effect on the stock price as it introduces uncertainty regarding the company's financial management during the transition period.

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