MetroCity Bankshares, Inc. - Common Stock (MCBS)

Competitors to MetroCity Bankshares, Inc. - Common Stock (MCBS)

Citizens Financial Group, Inc.

Citizens Financial Group competes with MetroCity Bankshares through its extensive banking services, including retail banking, commercial banking, and wealth management. While Citizens offers a broader range of services and has a larger footprint across the U.S., MetroCity focuses on community-oriented banking with specialized offerings tailored to its local clientele. Citizens' scale and brand recognition provide it with a competitive edge, whereas MetroCity's intimate approach may resonate better with specific cultural demographics.

East West Bancorp, Inc.

East West Bancorp is a key competitor of MetroCity Bankshares due to its similar focus on serving the Asian-American market and providing an array of banking products and services. East West Bancorp has a wider geographic footprint and more extensive resources, allowing it to dominate in larger urban markets. Its scale and comprehensive range of services give it a competitive advantage over MetroCity, which may limit its reach but allows for deeper community ties and personalized service.

Heritage Financial Group 

Heritage Financial Group competes with MetroCity Bankshares primarily in the regional banking sector, offering personal, business, and mortgage banking services. Both companies target similar demographics, including small to medium-sized businesses and local consumers. Heritage's strengths lie in its established presence in the Pacific Northwest and its diversified services, including financial advisory, which can pose a challenge to MetroCity's niche market. However, MetroCity focuses on catering to the Asian-American community, giving it a specialized advantage in that segment.