0001104659-22-067590.txt : 20220602 0001104659-22-067590.hdr.sgml : 20220602 20220602160035 ACCESSION NUMBER: 0001104659-22-067590 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220601 FILED AS OF DATE: 20220602 DATE AS OF CHANGE: 20220602 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PAEK NACK Y CENTRAL INDEX KEY: 0001254478 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39068 FILM NUMBER: 22990687 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MetroCity Bankshares, Inc. CENTRAL INDEX KEY: 0001747068 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 472528408 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5114 BUFORD HIGHWAY CITY: DORAVILLE STATE: GA ZIP: 30340 BUSINESS PHONE: 770-455-4989 MAIL ADDRESS: STREET 1: 5114 BUFORD HIGHWAY CITY: DORAVILLE STATE: GA ZIP: 30340 4 1 tm2217591-5_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2022-06-01 0 0001747068 MetroCity Bankshares, Inc. MCBS 0001254478 PAEK NACK Y C/O METROCITY BANKSHARES, INC. 5114 BUFORD HIGHWAY DORAVILLE GA 30340 1 1 0 0 Chief Executive Officer Common Stock 2022-06-01 4 A 0 49287 20.31 A 1289413 D Common Stock 20000 I By spouse Common Stock 28000 I By Magna Properties, LLC The restricted stock award vests 25% on the grant date then 25% annually over a three year vesting period beginning on June 1, 2023. Exhibit List Exhibit 24 - Power of Attorney /s/ Lucas Stewart, attorney in fact 2022-06-02 EX-24 2 tm2217591d5_ex24.htm EXHIBIT 24

 

Exhibit 24

 

Section 16

POWER OF ATTORNEY

 

Know all by these presents, that the undersigned hereby constitutes and appoints Nack Y. Paek and Lucas Stewart, or any of them, the undersigned’s true and lawful attorney-in-fact to:

 

(1)       prepare, execute in the undersigned’s name and on the undersigned’s behalf, and submit to the U.S. Securities and Exchange Commission (the “SEC”) a Form ID, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC;

 

(2)       execute for and on behalf of the undersigned, in the undersigned’s capacity as an officer and/or director of MetroCity Bankshares, Inc. (the “Company”), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder;

 

(3)       do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5 and timely file such form with the Securities and Exchange Commission and any stock exchange or similar authority; and

 

(4)       take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact’s discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact’s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934.

 

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned’s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. In affixing his or her signature to this Power of Attorney, the undersigned hereby revokes any and all previously executed Powers of Attorney for the same or similar purposes.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 2nd day of June, 2022.

 

  /s/ Nack Y. Paek
  Nack Y. Paek