M&A · Financials · Buyer's industry: State Commercial Banks
MetroCity Bankshares, Inc. to acquire First IC Corporation
Announced Mar 17, 2025 · Closed Dec 2, 2025 · Private target
Deal value$206M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock$27.78 per share
Transaction
- Acquirer
- MetroCity Bankshares, Inc. (MCBS)
- Target
- First IC Corporation
- Buyer type
- Strategic
- Offer price per share
- $27.78
- Enterprise value
- —
- Status
- Closed Dec 2, 2025
Deal protections
Not disclosed for private-company acquisitions.
Advisors
- To the acquirer
- Hillworth Bank Partners
- To the target
- Stephens
Classification
- Sector
- Financials
- Buyer's industry
- State Commercial Banks