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AI brief of an SEC Form 8-K · MetroCity Bankshares, Inc. (MCBS)

MetroCity Bankshares: Vice Chairman Don Leung to resign from board effective Sept. 17

Neutral Impact 2 of 5 leadership Written later

MetroCity Bankshares disclosed that director and vice chairman Don T.P. Leung will resign from the company's board and the board of its subsidiary, Metro City Bank, effective September 17, 2026. He also gives up his committee roles, including chairman of the Credit Risk Management Committee. The filing states the resignation is not due to any disagreement with the company on its operations, policies or practices.

Key points

  • Leung notified the company and bank of his decision on August 19, 2026.
  • Resignation takes effect September 17, 2026, from the board of both the company and Metro City Bank, and as vice chairman.
  • He will also leave as chairman of the Credit Risk Management Committee and exit the Executive, Nominating and Governance, Information Technology and Loan committees.
  • The filing says the resignation was not the result of any disagreement with management.

The filing

CompanyMetroCity Bankshares, Inc. (MCBS)
Form8-K, current report
Filed with the SECAug 21, 2026, 4:00 PM ET
Accession number0001104659-26-099666

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 21, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.