Metro City Bank to merge with First IC Bank for $112m.

Metro City Bank, a bank that offers personal and commercial banking services, agreed to merge with First IC Bank, a provider of retail and commercial banking products, for $112m. "First IC Corporation and its wholly owned subsidiary, First IC Bank, are thrilled to announce the merger with MetroCity. We have been competitors and admirers of the MetroCity franchise for many years and combining our two organizations will create a stronger banking institution for our customers, employees and communities. I am proud of our strong team, the bank and legacy we have built together, and the positive impact we've made in our communities." Chun continued, "By combining with MetroCity, we ensure our shared values to create a better bank, offering enhanced services and opportunities for our employees, customers, key partnerships, and the communities we serve will be our legacy," Chong Chun, First IC Corporation Chairman.