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Metro City Bank completes 2-branch buy from City Bank

Doraville,Ga.-based Metro CityBank ($793.3 million) completed its acquisition of from Lubbock,Texas-based City Bank($2.56 billion).

Metro CityBank CEO Farid Tan told S&P Global Market Intelligence that the transactionwas completed on Sept. 23.

Thebranches are located in Dallas and Grand Prairie, Texas; they are Metro City Bank'sfirst branches in the state. Deposits transferred in the branch deal totaled$52.3 million.

Tan saidthat Metro City Bank will take over management of the two branches, and noother changes or closures involving the two locations are expected.

Metro City Bank is aunit of MetroCity BanksharesInc., while City Bank is a subsidiary of