On August 19, 2020, William M. Hungeling notified MetroCity Bankshares, Inc. (the Company") and Metro City Bank, the wholly owned banking subsidiary of the Company (the Bank"), of his decision to resign as a member of the Board of Directors (the Board") of the Company and the Bank, effective as of October 31, 2020. As a result, Mr. Hungeling will also be resigning as the Chairman of the Company's Audit and Compliance Committee and as a member of the Company's Compensation Committee and Nominating and Governance Committee. Mr. William M. Hungeling's decision to resign is not the result of any disagreement with the Company or its management on any matter relating to the Company's operations, policies or practices. On August 19, 2020, upon the recommendation of the Nominating and Governance Committee, the Board elected Mr. William J. Hungeling to fill the vacancy created by Mr. William M. Hungeling's resignation and to serve as a member of the Boards of the Company and the Bank, effective November 1, 2020, until the election and qualification of his successor or until his earlier death, resignation, or removal. Mr. William J. Hungeling is the son of Mr. William M. Hungeling. In connection with his election to the Board, the Board has appointed Mr. Hungeling to serve as the new Chairman of the Company's Audit and Compliance Committee and as a member of the Company's Nominating and Governance Committee, effective as of November 1, 2020. Mr. William J. Hungeling, age 49, is a certified public accountant and managing shareholder of Hungeling CPA, PC, a public accounting firm located in metropolitan Atlanta. Mr. Hungeling has been with Hungeling CPA since 1994 and has been the managing shareholder since 2015.