Ajit Patel Biography and Net Worth

Director of MetroCity Bankshares

Ajit A. Patel is the Chairman of our Compensation Committee and has served as a board member since the founding of the Bank in 2006. Mr. Patel is the Managing Member of Amrit & Sons I, LLC and Relax Hospitality, LLC, positions he has held since 1999 and 2010, respectively, and he is also an owner and operator of two hotels in Pensacola, Florida. He currently serves on the Days Inn Advisory Council and was elected to their Board of Directors in 2017 and has served as the Board Chairman. He also served as a director and treasurer of Visit Pensacola, Inc. from 2014 to 2016. In addition, he has worked as a financial consultant at the Ayco Company from 1993 to 1997. Mr. Patel was educated in London at the City University where he graduated with honors in Economics and Accountancy. He also received a Masters Degree in Taxation from Georgia State University. Mr. Patel’s extensive experience as a managing member of two commercial real estate companies brings to our board strategic and operational depth as well as valuable perspective in the hospitality industry.

What is Ajit A. Patel's net worth?: The estimated net worth of Ajit A. Patel is at least $17.47 million as of November 7th, 2024. Patel owns 645,739 shares of MetroCity Bankshares stock worth more than $17,467,240 as of December 5th. This net worth approximation does not reflect any other investments that Patel may own. Learn More about Ajit A. Patel's net worth.
How do I contact Ajit A. Patel?: The corporate mailing address for Patel 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 Ajit A. Patel's contact information.
Has Ajit A. Patel been buying or selling shares of MetroCity Bankshares?: Ajit A. Patel has not been actively trading shares of MetroCity Bankshares during the past quarter. Most recently, Ajit A. Patel sold 5,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $33.10, for a transaction totalling $165,500.00. Following the completion of the sale, the director now directly owns 645,739 shares of the company's stock, valued at $21,373,960.90. Learn More on Ajit A. Patel'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.

Ajit A. Patel Insider Trading History at MetroCity Bankshares

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
11/7/2024	Sell	5,000	$33.10	$165,500.00	645,739
3/10/2023	Buy	2,500	$17.10	$42,750.00	2,500

Ajit A. Patel Buying and Selling Activity at MetroCity Bankshares

MetroCity Bankshares Company Overview

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.

Today's Range

Now: $27.05

$26.88

$27.27

50 Day Range

MA: $26.41

$24.71

$28.69

2 Week Range

Now: $27.05

$24.24

$35.44

Volume

25,869 shs

Average Volume

51,740 shs

Market Capitalization

$689.23 million

P/E Ratio

10.48

Dividend Yield

3.65%

Beta

0.72