MetroCity Bankshares, Inc. 8-K

What Happened

• MetroCity Bankshares, Inc. filed an 8-K reporting that Executive Vice President and Chief Financial Officer Lucas Stewart tendered his resignation effective April 3, 2026.
• On March 24, 2026, the Board designated Farid Tan as interim Chief Financial Officer, principal financial officer and principal accounting officer for the Company and its subsidiary, Metro City Bank. Mr. Tan, age 68, is the Company's President and Bank CEO since 2006 and previously served as CFO from July 2019 to October 2021.

Key Details

• Lucas Stewart’s resignations at the holding company and the bank are effective April 3, 2026.
• Board designated Farid Tan as interim CFO on March 24, 2026; filing signed March 26, 2026.
• Mr. Tan has over 40 years of banking experience and held prior CFO duties for the Company (Jul 2019–Oct 2021).
• The Company did not enter into any new or amended compensation or employment agreements with Mr. Tan in connection with this interim designation, and reported no related-party transactions or required family disclosures.

Why It Matters

• A CFO change affects who is responsible for the company’s financial reporting and controls; naming an interim CFO with long tenure (Mr. Tan) suggests continuity while the Company searches for a permanent replacement.
• Investors should note the effective date (Apr 3, 2026) and monitor subsequent filings for a permanent CFO appointment, any related compensation arrangements, or disclosures about the reason for the CFO’s departure.