8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 12, 2006

METROCORP BANCSHARES, INC.

(Exact name of registrant as specified in its charter)

Texas	0-25141	76-0579161
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

9600 Bellaire Boulevard, Suite 252
Houston, Texas	77036
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code: (713) 776-3876

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

On September 12, 2006, MetroCorp Bancshares, Inc. (the "Company") will present information regarding the Company's business to analysts from Stifel Nicolaus and Company, Inc. The slide presentation to be given at this meeting is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The Company is not undertaking to update this presentation.

The information contained in this Current Report on Form 8-K, including the exhibit attached hereto, is being furnished to the Securities and Exchange Commission and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section, nor shall it be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01.  Financial Statements and Exhibits.

Exhibits. The following materials are filed as exhibits to this Current Report on Form 8-K:

99.1 - Investor presentation given September 12, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	METROCORP BANCSHARES, INC.
	(Registrant)
Dated:   September 12, 2006	By:	/s/   GEORGE M. LEE
		George M. Lee
		Chief Executive Officer

-2-

EX-99.1

Stifel, Nicolaus & Company, Inc.

2006 Texas Field Trip

Tuesday, September 12, 2006

Welcome to MetroBank!

METROCORP

BANCSHARES, INC.

Forward-Looking Statements

The statements contained in this presentation that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe MetroCorp’s future plans, projections, strategies and expectations, are based on assumptions and involve a number of risks and uncertainties, many of which are beyond MetroCorp’s control. Actual results could differ materially from those projected due to changes in interest rates, competition in the industry, changes in local and national economic conditions and various other factors. Additional information concerning such factors that could affect MetroCorp is contained in MetroCorp’s filings with the SEC.

Mission

MetroCorp Bancshares, Inc. is a Texas-basedholding company for banking institutions with special focus on Asian markets.  The company strives to provide premier commercial and personal banking services and financial products to the customers we serve. We enhance and develop innovative, optimal and professional core competencies to meet current and emerging needs of our market with passion and urgency.

The Asian population in Texas is about 15.2% of the Asian population of California in 2002 and 17% in 2004 .

Source: U.S. Census, 2000, 2004 Estimates

2000		2004	% Growth
US	10,242,998	13,956,612	36
CA	3,697,513	4,756,181	29
NY	1,044,976	1,346,049	29
TX	562,319	797,325	42
NY	480,276	647,906	35
IL	423,603	552,638	30
FL	266,256	424,951	60
VA	261,025	376,428	44
PN	219,813	295,266	34
MD	210,929	286,136	36
GA	173,170	258,372	49
CT	82,313	120,206	46

Asian population (2000-2004)

Source:  U.S. Census, 2000

* Extrapolation from 2004 Census estimate

		2000	* 2004
n	Houston-Galveston	228,212	324,061
n	Dallas-Fort Worth	195,480	277,582
n	Austin-San Marcos	44,029	65,521
n	San Antonio	23,667	33,607

l

Regional population extrapolation from 2004total State Census estimates

Ø Total Texas 562,319 797,325

Asian Population in Texas

2000-2004

MetroBank Locations, Houston

MetroBank Locations, Dallas

Asian Population in California

		2000	2004
v	San Francisco	1,256,258	1,396,565
v	Los Angeles	1,661,456	1,898,205
v	San Diego	386,973	476,773

v

Source:   U.S. Bureau of the census, Census 2000, Census 2004 estimate

Source:  U.S. Bureau of the Census

Asian-American Economic Attributes

	U.S.	Asian
Median Income (2002)	$42,409	$52,018
Median Home Value (2002)	$122,800	$199,300
	(Whites)	(Chinese- Americans)
Savings Deposit	$10,000	$17,000

$ in Millions

1987: Open for business

1988: Name Change

1989: Acquisition

– Industrial Bank

1998: MCBI listed on NASDAQ 

Oct. 2005:Acquisition

– First United Bank

June 2006: Metro United Bank (name change for First United Bank

Milestones

COMPANY FOCUS

v

 EARNINGS

v

 ASSET GROWTH

v

 ASSET QUALITY

v

 EFFICIENCIES

v

 HUMAN RESOURCE DEVELOPMENT

02~05: CAGR 9.3%

Q3-03 ~Q4-05: CAGR 35.6%

$ in thousands

Quarterly Net Income Growth

Efficiency Ratio

$ in millions

Loans: 11.7% CAGR

Assets: 11.0% CAGR

Deposits: 10.6% CAGR

Balance Sheet Growth

Non-Performing Assets

Net Non-performing Assets / Total Assets

Net charge-offs / Avg. total Loans

Asset Quality

Leaders

An average of 20 years of banking experience

Don J. Wang	Chairman of the Board
George M. Lee	President, CEO, Executive Vice Chair of MetroCorp
David Tai	Chief Business Development Officer, President of Bank
Bert Baker	Chief Lending Officer
David Choi	Chief Financial Officer
Kevin Shu	Chief Accounting Officer
Michelle Phung	Chief Human Resources Officer
Terrance Tangen	Chief Credit Officer
Mitchell Kitayama	CEO, Metro United Bank
Robert Bihr	Chief Credit Officer, Metro United Bank

Investment for The Future

Ø

Branch & Market Expansion

Ø

  Business Officers

Ø

  Technology Upgrades

Ø

  China Representative Offices

Xiamen – Important Foreign Trade Port

•

Overview of Xiamen

–

One of the four Special Economic Zones

–

One of top ten most competitive cities*

•

Gross Area Production

–

GAP achieved sustained annual growth rate of 15% for 5 years in a row

•

Key Industries

–

Electronics, Machinery and Chemical industry

•

Foreign Trade

–

Total foreign trade was $28 billion in 2005

•

$17 billion exports, up 24%; $11 billion imports, up 12%

•

Foreign Investment

–

Thirty Five Fortune 500 companies have invested in Xiamen

Xiamen – City View

Freeway Surrounding Xiamen

International Exhibition Center

MetroCorp Bancshares, Inc.

Stifel, Nicolaus & Company, Inc.

2006 Texas Field Trip

Thank You