Presentation by George Lee, CEO

February 21st, 2008

KBW Texas Field Trip

2

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.

3

·

Assets

·

FTE

·

Earnings

·

Loans

·

Deposits

·

Branches

1,191

$

 18

1,460

$

 350

1.10

$

1,202

$

MetroCorp Bancshares, Inc. (MCBI)

Largest Independent Publicly Traded
Asian Ethnic Banking Organization
Outside of California:

4

in millions

·

Assets

·

Loans

·

Deposits

·

Branches

1,153

$

953

$

971

$

 12

MetroBank (Texas)

5

in millions

·

Assets

·

Loans

·

Deposits

·

Branches

376

$

335

$

287

$

 6

Metro United Bank (California)

6

MARKET POTENTIAL

7

In thousands

HOUSTON

DALLAS-
FT.WORTH

AUSTIN

SAN
ANTONIO

Source: U.S. Census Bureau

2000

2006 *

Houston-Galveston

Dallas-Fort Worth

195

305

Austin-San Marcos

44

75

San Antonio

24

46

Total Texas

562

787

* Regional population extrapolation from 2006

State Census estimates

Asian Population in Texas 2000-2006

8

9 Branches in Houston

9

(In progress)

3 Branches in Dallas

10

Other Opportunities

Trade Finance

Joint Venture Companies

Representative Offices in China

11

Xiamen - City View

12

Xiamen - Important Foreign Trade Port

One of top ten most competitive cities*

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

Electronics, Machinery and Chemical
industries

* Source: 2005 Blue Book of City Competitiveness

13

Chongqing - City View

14

Chongqing - The Largest Inland City

Under central government’s direct
control

Average growth rate of 11% for last 5
years

Population is twice that of Shanghai

* Source: City of Chongqing

15

Technology Enhancement

Remote Deposit Service

Merchant Credit Card Processing

Online Business Banking

Debit Card Reward Program

16

MetroCorp Performance

17

Peer

As of:

(in millions)

MCBI

Banks

*

12/31/2007

1,460

$

6,316

$

12/31/2006

1,268

$

5,475

$

2006 - 07 growth rate

15.1%

15.4%

* Weighted average of peer banks includes UCBH, PFBC, NARA,

HAFC, EWBC, CATY, WIBC

MetroBank

1,009,912

1,083,536

73,624

$

7.3%

Metro United Bank

257,211

376,438

119,227

$

46.4%

Total Assets

18

Peer

As of:

(in millions)

MCBI

Banks

*

12/31/2007

1,202

$

4,553

$

12/31/2006

887

$

3,990

$

2006 - 07 growth rate

35.6%

16.1%

* Weighted average of peer banks includes UCBH, PFBC, NARA,

HAFC, EWBC, CATY, WIBC

(in 000's)

MetroBank

702,484

866,602

164,118

$

23%

Metro United Bank

184,112

335,919

151,807

$

82%

Total Loans

19

Peer

As of:

(in millions)

MCBI

Banks

*

12/31/2007

1,191

$

4,170

$

12/31/2006

1,082

$

3,955

$

2006 - 07 growth rate

10.1%

5.3%

* Weighted average of peer banks includes UCBH, PFBC, NARA,

HAFC, EWBC, CATY, WIBC

(in 000's)

MetroBank

870,400

909,521

39,121

$

4.5%

Metro United Bank

213,018

286,891

73,873

$

34.7%

Total Deposits

20

Peer

Period

MCBI

Banks

*

2007 Q4

4.34

4.03

2006 Q4

4.65

4.36

2005 Q4

4.59

4.55

* Weighted average of peer banks includes UCBH,

PFBC, NARA, HAFC, EWBC, CATY, WIBC

Net Interest Margin (%)

21

2005

2006

2006

2006

2006

2007

2007

2007

2007

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

MetroBank

5.01

5.28

5.08

5.20

5.12

4.95

4.65

4.86

4.58

Metro United Bank

4.03

3.97

4.63

3.64

3.80

4.04

4.41

4.07

4.10

Net Interest Margin (%)

22

Peer

As of:

MCBI

Banks

*

12/31/07

0.38

0.90

12/31/06

0.73

0.26

12/31/05

1.53

0.30

* Weighted average of peer banks includes

UCBH, PFBC, NARA, HAFC, EWBC,

CATY, WIBC

2006

2007

MetroBank

0.92%

0.52%

Metro United Bank

0.00%

0.30%

NPAs / Assets (%)

23

Peer

Period

MCBI

Banks

*

2007 Q4

65.96

42.71

* Weighted average of peer banks includes

UCBH, PFBC, NARA, EWBC, CATY, WIBC

2007

MetroBank

57.6%

Metro United Bank

78.7%

Efficiency Ratio

25

MetroBank

280

283

291

279

275

Metro United Bank

-

32

58

71

75

FTEs

26

ALHAMBRA

SAN DIEGO

Operations

Credit

Administration

I.T. / Cash

Management

Metro United Bank

27

Operations

Credit

Administration

I.T. / Cash

Management

ALHAMBRA

CITY OF

INDUSTRY

SAN DIEGO

IRVINE

VAN NESS

SAN MATEO

Metro United Bank

28

2008 - 2009 Outlook

Expense Control

More Moderate Growth

Utilization of Technology

New Products

Synchronize TX, CA, CHINA

29

Thank You