0001558370-22-000703.txt : 20220202 0001558370-22-000703.hdr.sgml : 20220202 20220202090806 ACCESSION NUMBER: 0001558370-22-000703 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220202 DATE AS OF CHANGE: 20220202 SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-92121 FILM NUMBER: 22581683 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAEK NACK Y CENTRAL INDEX KEY: 0001254478 FILING VALUES: FORM TYPE: SC 13G SC 13G 1 tmb-20220202xsc13g.htm SC 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

MetroCity Bankshares, Inc.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

59165J105

(CUSIP Number)

December 31, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 59165J105

 

1.

Names of Reporting Persons


Nack Y. Paek

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

(b)

3.

SEC Use Only

4.

Citizenship or Place of Organization


United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power


1,268,126

6.

Shared Voting Power

20,000

7.

Sole Dispositive Power


1,268,126

8.

Shared Dispositive Power


20,000

9.

Aggregate Amount Beneficially Owned by Each Reporting Person


1,288,126

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

11.

Percent of Class Represented by Amount in Row (9)


5.06% (1)

12.

Type of Reporting Person (See Instructions)


IN

(1)

Based on 25,465,236 shares of common stock, $0.01 par value per share, of MetroCity Bankshares, Inc. outstanding as of December 31, 2021, as reported on the Issuer’s Form 8-K (Exhibit 99.1) filed with the Securities and Exchange Commission on January 24, 2022.

2


Item 1.

(a)

Name of Issuer


MetroCity Bankshares, Inc.

(b)

Address of Issuer’s Principal Executive Offices


5114 Buford Highway, Doraville, GA 30340

Item 2.

(a)

Name of Person Filing


Nack Y. Paek

(b)

Address of Principal Business Office or, if none, Residence


The address of the principal business office of Nack Y. Paek is:


c/o Metrocity Bankshares, Inc.

5114 Buford Highway, Doraville, GA 30340

(c)

Citizenship


United States

(d)

Title of Class of Securities


Common stock, $0.01 par value per share

(e)

CUSIP Number


59165J105

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:


Not applicable.

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Item 4.

Ownership

(a)

Amount beneficially owned:

1,288,126

(b)

Percent of class:

5.06%

(c)

Number of shares as to which the person has:

(i)

Sole power to vote or to direct the vote

1,268,126

(ii)

Shared power to vote or to direct the vote

20,000

(iii)

Sole power to dispose or to direct the disposition of

1,268,126

(iv)

Shared power to dispose or to direct the disposition of

20,000

Item 5.

Ownership of Five Percent or Less of a Class


Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person


Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.


Not applicable.

Item 8.

Identification and Classification of Members of the Group.


Not applicable.

Item 9.

Notice of Dissolution of Group


Not applicable.

Item 10.

Certification.


Not applicable.

4


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 2, 2022

/s/ Nack Y. Paek

Nack Y. Paek

5