Farid  Tan net worth and biography

Farid Tan Biography and Net Worth

President of MetroCity Bankshares

Farid Tan is the President of the Company and the Chief Executive Officer of the Bank, and has over 40 years of banking experience. Mr. Tan also served as the Chief Financial Officer of the Company and the Bank from July 2019 to October 2021. Mr. Tan joined the Executive Training Program for Bank Bumiputra Malaysia, a Malaysian bank owned by the Malaysian government, in 1981 where he served in a number of positions both in Malaysia and in New York, including Senior Account Officer, Senior Internal Audit Supervisor, and Senior Foreign Exchange Dealer. He was promoted to Assistant General Manager in 1993, a position that he held for six years before leaving in 1999 to become the Senior Credit Officer for Global Commerce Bank, a local community bank in Doraville, Georgia. He was President and Chief Executive Officer of Global Commerce Bank from 2002 to 2005 before leaving to become President and Chief Executive Officer of Metro City Bank, which opened in early 2006. Mr. Tan was educated at Polytechnic Ungku Omar, Malaysia where he received a diploma in accounting. Mr. Tan is currently serving as a member of the FDIC’s MDI Subcommittee of the Advisory Committee on Community Banking. He previously served as a member of CFPB’s Community Bank Advisory Council from September 2013 to April 2015 and as a member of the ICBA Minority Bank Council from April 2015 to April 2016. Mr. Tan was a member of the Association of Cambiste International (ACI) and the Financial Market Association, Malaysia and USA. Mr. Tan is fluent in Mandarin, Malay, and English. Mr. Tan brings his vast experience in community, regional and international banking that covers financial operations, audit, retail banking, mergers and acquisitions, loan syndication, security investment, strategic planning and portfolio management. Additionally, he provides an overall perspective of all facets of the Company’s business, financial condition and strategic direction.

What is Farid Tan's net worth?

The estimated net worth of Farid Tan is at least $26.03 million as of November 25th, 2024. Mr. Tan owns 914,888 shares of MetroCity Bankshares stock worth more than $26,028,564 as of May 5th. This net worth estimate does not reflect any other assets that Mr. Tan may own. Additionally, Mr. Tan receives a salary of $1,160,000.00 as President at MetroCity Bankshares. Learn More about Farid Tan's net worth.

How old is Farid Tan?

Mr. Tan is currently 66 years old. There are 4 older executives and no younger executives at MetroCity Bankshares. Learn More on Farid Tan's age.

What is Farid Tan's salary?

As the President of MetroCity Bankshares, Inc., Mr. Tan earns $1,160,000.00 per year. Learn More on Farid Tan's salary.

How do I contact Farid Tan?

The corporate mailing address for Mr. Tan and other MetroCity Bankshares executives is 5114 BUFORD HIGHWAY, DORAVILLE GA, 30340. MetroCity Bankshares can also be reached via phone at (770) 455-4989. Learn More on Farid Tan's contact information.

Has Farid Tan been buying or selling shares of MetroCity Bankshares?

Farid Tan has not been actively trading shares of MetroCity Bankshares within the last three months. Most recently, Farid Tan sold 5,983 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $35.64, for a transaction totalling $213,234.12. Following the completion of the sale, the president now directly owns 914,888 shares of the company's stock, valued at $32,606,608.32. Learn More on Farid Tan's trading history.

Who are MetroCity Bankshares' active insiders?

MetroCity Bankshares' insider roster includes William Hungeling (Director), Don Leung (Director), Nack Paek (CEO), Ajit Patel (Director), Sam Shim (Director), Farid Tan (President), and Farid Tan (President). Learn More on MetroCity Bankshares' active insiders.

Are insiders buying or selling shares of MetroCity Bankshares?

During the last twelve months, MetroCity Bankshares insiders bought shares 1 times. They purchased a total of 1,420 shares worth more than $34,080.00. During the last twelve months, insiders at the sold shares 17 times. They sold a total of 253,242 shares worth more than $7,499,483.27. The most recent insider tranaction occured on November, 25th when President Farid Tan sold 5,983 shares worth more than $213,234.12. Insiders at MetroCity Bankshares own 27.5% of the company. Learn More about insider trades at MetroCity Bankshares.

Information on this page was last updated on 11/25/2024.

Farid Tan Insider Trading History at MetroCity Bankshares

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Farid Tan Buying and Selling Activity at MetroCity Bankshares

This chart shows Farid Tan's buying and selling at MetroCity Bankshares by year and by quarter.

Skip ChartChart Data in Insider Trading History Table
2022202320242025$0bought$0soldQ2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2-$1M-$500k$0$500k$1MTotal Insider BuyingTotal Insider Selling

MetroCity Bankshares Company Overview

MetroCity Bankshares logo
MetroCity Bankshares, Inc. operates as the bank holding company for Metro City Bank that engages in the provision of banking products and services in the United States. It offers customary banking services, such as consumer and commercial checking accounts, savings, and money market accounts, as well as certificates of deposit. The company also provides commercial and consumer loans, including single family residential loans; construction and development, and owner and non-owner occupied commercial real estate loans; letters of credit; and commercial and industrial loans, residential mortgage loans, and SBA loans. In addition, it offers online banking services, which include access to account balances, online transfers, online bill payment, and electronic delivery of customer statements; mobile banking solutions, such as remote check deposit with mobile bill pay; and automated teller machines and telephone banking services. Further, it provides debit cards for checking customers, direct deposits, and cashier's checks; treasury management services, including wire transfer, automated clearing house, and stop payments services; and cash management deposit products, such as remote deposit capture, positive pay, zero balance accounts, and sweep accounts. The company was founded in 2006 and is headquartered in Atlanta, Georgia.
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Today's Range

Now: $28.36
Low: $28.31
High: $28.31

50 Day Range

MA: $27.51
Low: $25.33
High: $30.28

2 Week Range

Now: $28.36
Low: $23.27
High: $36.15

Volume

218 shs

Average Volume

38,608 shs

Market Capitalization

$720.53 million

P/E Ratio

11.30

Dividend Yield

3.31%

Beta

0.66