Business Context and Reporting Period
Company: Metrocity Bankshares, Inc. (MCBS)
Filing Type: Form 8-K (Current Report)
Date of Report: August 21, 2026
Date of Event: August 19, 2026
Context: The filing discloses the resignation of a key executive and board member, Mr. Don T.P. Leung.
Key Financial Metrics
This filing is a current report regarding corporate governance changes and does not contain financial statements. Consequently, data regarding revenue, profit, cash flow, margins, debt, and liquidity are not provided in this document.
Material Changes
Executive Departure: Mr. Don T.P. Leung has resigned from the following positions, effective September 17, 2026:
- Member of the Board of Directors of Metrocity Bankshares, Inc. and Metro City Bank.
- Vice Chairman of the Board.
- Chairman of the Credit Risk Management Committee.
- Member of the Executive Committee, Nominating and Governance Committee, Information Technology Committee, and Loan Committee.
Reason for Departure: The filing explicitly states that the resignation is not the result of any disagreement with the Company or its management regarding operations, policies, or practices.
Guidance, Outlook, and Risks
Management Commentary: The filing confirms the resignation is voluntary and unrelated to internal disputes. No forward-looking guidance, financial outlook, or specific risk factors related to future performance are included in this report.
Investor Verification Checklist
- Verify the appointment of a successor to fill the vacancy on the Board of Directors and the Credit Risk Management Committee.
- Confirm if Mr. Leung's departure triggers any changes to the composition of the Executive or Nominating and Governance Committees.
- Review subsequent filings for any impact on the company's strategic direction or credit risk management policies.