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):  July 29, 2008

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):

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

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

[  ]           Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b))

[  ]           Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c))

Item 7.01.  Regulation FD Disclosure.

On July 30, 2008, management of MetroCorp Bancshares, Inc. (the “Company”) is presenting information regarding the Company’s business and financial performance to various analysts and investors at the Keefe, Bruyette & Woods 9th Annual Community Bank Investor Conference.  The foregoing description is qualified by reference to such exhibit.

As provided in General Instruction B.2 to Form 8-K, the information contained in Item 7.01 and Exhibit 99.1 of this Current Report on Form 8-K 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 is furnished as an exhibit to this Current Report on Form 8-K:

Exhibit Number	Description of Exhibit
99.1	Investor slide presentation

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:  July 29, 2008	By: /s/ George M. Lee        George M. Lee        Chief Executive Officer &        Vice Chairman

EXHIBIT INDEX

Exhibits.   The following is furnished as an exhibit to this Current Report on Form 8-K:

Exhibit Number	Description of Exhibit
99.1	Investor slide presentation

EX-99

Keefe, Bruyette & Woods 9th Annual

Community Bank Investor Conference

Presentation by: George M. Lee, CEO

July 30th, 2008

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 2007 Annual Report on Form 10-K and other reports and
documents filed from time to time with the SEC.

3

In ’08 & ’09:

Slowing down loan
and asset growth

Strategic Transformation of MetroCorp

4

* Net NPA is net of guarantees

Strengthening Our Platform /
Growing Our Platform

Q1-04                          Q2-08

FTE                 298(MB)                        327

MB:262

MUB: 65

($ in millions)

Net NPA*            $23.5                       $8.4

Assets           $856                        $1,578

Loans            $572                        $1,312

Deposits        $709                        $1,243

Market Footprint

6

Texas Initiatives

v Maintain Houston Dominance

v Expedite Dallas Growth

v Expense Control

v Improve Fee Income

7

California Initiatives

v Asset Quality

v Expense Control

v Low Cost Deposit Growth

v Improve Fee Income

8

Greater China Initiatives

v Transform Relationships into Tangible
Results in the US through MetroBank and
Metro United Bank

•Trade Finance

•Related Personal Banking Opportunities

•Potential Commercial Needs in the US

9

Metro Office

City View of Xiamen

10

City View of ChongQing

11

* Adjusted for stock split in 2006

$0.18

$0.20

$0.21

$0.29

$0.28

$0.21

$0.21

$0.00

$0.10

$0.20

$0.30

$0.40

*Q1-03

*Q1-04

*Q1-05

Q1-06

Q1-07

Q1-08

Q2-08

Earnings Per Share - Diluted

12

Asset Growth

$ in Millions

$867

$914

$1,128

$1,268

$1,460

$1,578

$500

$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

$1,400

$1,500

$1,600

2003

2004

2005

2006

2007

Q2-08

13

Total Loan Growth

$ in Millions

$557

$595

$771

$887

$1,202

$1,312

$400

$500

$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

2003

2004

2005

2006

2007

Q2-08

14

Deposit Growth

$ in Millions

$725

$755

$962

$1,082

$1,191

$1,243

$500

$600

$700

$800

$900

$1,000

$1,100

$1,200

$1,300

2003

2004

2005

2006

2007

Q2-08

15

Nonperforming Assets - Net

$ in 000’s

* Net Nonperforming Assets are net of guarantees.

$24,968

$15,219

$17,294

$9,333

$8,472

$6,785

0.54%

0.74%

1.53%

2.88%

1.66%

0.46%

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

2003

2004

2005

2006

2007

Q2-08

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

Net Nonperforming Assets *

Net Nonperform. Assets to Total Assets %

16

Allowance to Nonperforming Loans

$ in 000’s

$10,308

$10,501

$13,169

$11,436

$15,520

$13,125

182.7%

172.2%

62.9%

40.1%

84.2%

121.1%

$0

$2,000

$4,000

$6,000

$8,000

$10,000

$12,000

$14,000

$16,000

2003

2004

2005

2006

2007

Q2-08

0.0%

50.0%

100.0%

150.0%

200.0%

250.0%

Allowance for Loan Losses

Allowance to Nonperforming Loans %

17

Source: SNL Financial and MCBI company record

Period

MCBI

UCBH

PFBC

EWBC

CATY

2008 Q2

4.00

3.17

3.63

3.33

2.94

2008 Q1

4.09

3.04

4.11

3.63

3.16

2007 Q4

4.30

3.39

4.82

3.91

3.43

2006 Q4

4.61

3.34

5.19

3.81

4.01

2005 Q4

4.56

3.62

4.81

4.20

4.34

Net Interest Margin (%)

18

Source: SNL Financial and MCBI company record

Period

MCBI

UCBH

PFBC

EWBC

CATY

2008 Q2

0.54

-

5.67

1.64

1.07

2008 Q1

0.54

1.75

2.88

0.63

0.79

2007 Q4

0.46

0.93

1.90

0.57

0.93

2006 Q4

0.74

0.27

0.08

0.18

0.46

2005 Q4

1.53

0.44

-

0.36

0.33

2006

2007

Q1-08

Q2-08

Metro Bank

0.92%

0.41%

0.53%

0.59%

Metro United Bank

0.00%

0.62%

0.56%

0.40%

NPAs / Assets (%)

19

Source: SNL Financial and MCBI company record

Period

MCBI

UCBH

PFBC

EWBC

CATY

2008 Q2

1.18

1.26

1.65

1.95

1.16

2008 Q1

1.17

1.23

1.63

1.32

0.98

2007 Q4

1.09

1.01

1.21

1.00

0.97

2006 Q4

1.29

0.91

1.03

0.95

1.05

2005 Q4

1.71

1.08

1.16

1.01

1.22

2006

2007

Q2-08

MetroBank

1.27%

1.13%

1.18%

Metro United Bank

1.37%

1.00%

1.20%

Reserves / Loans (%)

20

Total Assets ($000)

1,145,890

1,084,899

1,011,445

916,346

Total Loans ($000)

943,127

866,602

702,525

636,694

FTE

262

277

292

284

Total Assets ($000) / FTE

4,376

3,917

3,464

3,227

Total Loans ($000) / FTE

3,602

3,129

2,406

2,242

FTE ’08 - MetroBank

21

Total Assets ($000)

433,386

376,175

257,160

212,766

Total Loans ($000)

368,438

335,262

184,066

134,940

FTE

65

71

59

32

Total Assets ($000) / FTE

6,667

5,298

4,359

6,649

Total Loans ($000) / FTE

5,668

4,722

3,120

4,217

FTE ’08 - Metro United Bank

22

Good to Great - Metro
Objectives

vCore Competency

vCompetitive Edge

vMarket Expansion

vEfficiency & Financial Results

23

Thank You