EX-FILING FEES 5 tm2515540d1_ex-filingfees.htm EX-FILING FEES

 

Exhibit 107

 

Calculation of Filing Fee Tables

 

Form S-4

 

MetroCity Bankshares, Inc.

 

Table 1: Newly Registered and Carry Forward Securities

 

 

Security
Type

Security
Class
Title

Fee
Calculation
or Carry
Forward
Rule

Amount
Registered (1)

Proposed
Maximum
Offering
Price Per
Unit

Maximum
Aggregate
Offering
Price (2)

Fee
Rate

Amount of
Registration
Fee (3)

Carry
Forward
Form 
Type

Carry
Forward
File
Number

Carry
Forward
Initial
effective
date

 Filing Fee
Previously
Paid In
Connection
with Unsold
Securities to
be Carried
Forward
Newly Registered Securities

Fees to Be

Paid

 Equity Common Stock, par value $0.01 per share 457(c), 457(f)(1) 3,384,588 N.A. $53,104,185.70 0.0001531 $8,130.25        

Fees

Previously Paid

 - - - - - - - $0.00        
Carry Forward Securities

Carry

Forward Securities

 - - - - - -   - - - - -
  Total Offering Amounts   $53,104,185.70   $8,130.25        
  Total Fees Previously Paid       -        
  Total Fee Offsets       -        
  Net Fee Due       $8,130.25        

 

(1)The number of shares of common stock, par value $0.01 per share, of MetroCity Bankshares, Inc.. (“MetroCity” and such shares, “MetroCity common stock”) being registered is based upon an estimate of (i) the exchange ratio of 0.3732 of a share of MetroCity common stock for each share of common stock, par value $5.00 per share, of First IC Corporation (“First IC” and, such shares, the “First IC common stock”) multiplied by (ii) the estimated maximum number of 9,070,161 shares of First IC common stock to be exchanged or converted for the securities being registered. Pursuant to Rule 416, this Registration Statement also covers an indeterminate number of shares of MetroCity common stock as may become issuable as a result of stock splits, stock dividends or similar transactions.

 

(2)Estimated solely for the purpose of calculating the registration fee required by Section 6(b) of the Securities Act of 1933, as amended (the “Securities Act”) and calculated in accordance with Rules 457(c) and 457(f)(1) promulgated thereunder. The aggregate offering price is (x) 9,070,161 (the maximum number of shares of First IC’s common stock to be converted in the merger), multiplied by $15.69 (the book value of First IC common stock as of March 31, 2025, the latest practicable date prior to the date of the filing of this registration statement).

 

(3)Calculated by multiplying the estimated aggregate offering price of securities to be registered by 0.0001531.