- Business
- First IC Corporation (FIEB) operates as the bank holding company for First IC Bank, a full-service community bank providing retail and commercial banking products and services to consumers, small to medium-sized businesses, and multi-ethnic communities primarily in the United States; core offerings include personal and business checking and savings accounts, certificates of deposit, IRA accounts, small business administration loans, commercial real estate loans, construction loans, business loans, personal installment loans, home loans, credit cards, payment services, order checks, ATM deposits, CDARS, and online/mobile banking. Founded in 2000 and headquartered in Doraville, Georgia, the bank maintains a network of 10 full-service branches across Georgia (Doraville, Duluth, Johns Creek, Suwanee, Norcross, Peachtree Parkway), Texas (Carrollton), New Jersey (Palisades Park), New York (Bayside), and California (Los Angeles), supplemented by loan production offices in Seattle, Washington, and Los Angeles, California, targeting thriving urban and immigrant communities in the Metro Atlanta area and select East and West Coast locations. In December 2025, MetroCity Bankshares Inc. (MCBS) completed its acquisition of First IC Corporation for approximately $200-210 million in a cash-and-stock transaction valued at around $22.71 per share, integrating First IC Bank's operations into MetroCity's expanded franchise with nearly $4.8 billion in total assets, $4.0 billion in loans, $3.6 billion in deposits, and 30 branches across Alabama, California, Florida, Georgia, New Jersey, New York, Texas, and Virginia, following regulatory approvals, shareholder approval in July 2025, and a definitive merger agreement signed in March 2025.