The estimated Net Worth of Nack Y Paek is at least $43.2 million dollars as of 24 July 2024. Mr. Paek owns over 50,000 units of MetroCity Bankshares Inc stock worth over $37,878,590 and over the last 4 years he sold MCBS stock worth over $4,011,824. In addition, he makes $1,357,080 as Chairman of the Board et Chief Executive Officer of the Company and Executive Chairman of the Bank at MetroCity Bankshares Inc.
Nack has made over 7 trades of the MetroCity Bankshares Inc stock since 2020, according to the Form 4 filled with the SEC. Most recently he sold 50,000 units of MCBS stock worth $1,541,000 on 24 July 2024.
The largest trade he's ever made was selling 50,000 units of MetroCity Bankshares Inc stock on 24 July 2024 worth over $1,541,000. On average, Nack trades about 16,667 units every 112 days since 2020. As of 24 July 2024 he still owns at least 1,286,200 units of MetroCity Bankshares Inc stock.
You can see the complete history of Mr. Paek stock trades at the bottom of the page.
Nack Y. Paek serves as Chairman of the Board, Chief Executive Officer of the Company and Executive Chairman of the Bank of the Company. Mr. Paek is a founder of the Bank, the Chairman of the board of directors and the Chief Executive Officer of the Company, and the Executive Chairman of the Bank. Prior to establishing the Bank in 2006, Mr. Paek was President of a successful SBA service provider, Government Loan Service Corporation, which specialized in originating and servicing SBA loans for banks from 1991 to 2006. Mr. Paek dissolved Government Loan Service Corporation in April 2006 in order to focus his full attention on the success of Metro City Bank. From 1980 to 1990, Mr. Paek was a sole owner of the local CPA firm of Nack Y. Paek, P.C., with its clientele being predominantly members of the Asian immigrant communities. In addition, Mr. Paek was a founding director of Summit Bank Corporation in 1987, where he served as Chairman of the board from 1992 to 1994 and also Chairman of the Audit Committee. Mr. Paek was also the internal audit director of Continental Insurance Companies in the Southern region of the U.S. from 1974 to 1980. From 2002 to 2016, Mr. Paek served as Chairman of the board of directors of the Center for Pan-Asian Community Services, Inc. (CPACS), the largest nonprofit community service organization geared to help Asian immigrants to settle and adjust in the Metro Atlanta area. In early 1990’s Mr. Paek also served as a member of U.S. Small Business Administration Advisory Council in Georgia. Mr. Paek obtained his Bachelor of Science Degree from College of Commerce, Seoul National University and a Master’s Degree in Business Administration from Northern Illinois University.
As the Chairman of the Board et Chief Executive Officer of the Company and Executive Chairman of the Bank of MetroCity Bankshares Inc, the total compensation of Nack Paek at MetroCity Bankshares Inc is $1,357,080. There are no executives at MetroCity Bankshares Inc getting paid more.
Nack Paek is 76, he's been the Chairman of the Board et Chief Executive Officer of the Company and Executive Chairman of the Bank of MetroCity Bankshares Inc since . There are 3 older and 13 younger executives at MetroCity Bankshares Inc. The oldest executive at MetroCity Bankshares Inc is S. Benton Gunter, 78, who is the Executive Vice President, Chief Administrative Officer of the Company and the Bank.
Nack's mailing address filed with the SEC is C/O METROCITY BANKSHARES, INC., 5114 BUFORD HIGHWAY, DORAVILLE, GA, 30340.
Over the last 5 years, insiders at MetroCity Bankshares Inc have traded over $28,854,661 worth of MetroCity Bankshares Inc stock and bought 15,500 units worth $299,235 . The most active insiders traders include Don Leung, Feiying Lu et William M. Hungeling. On average, MetroCity Bankshares Inc executives and independent directors trade stock every 45 days with the average trade being worth of $1,181,799. The most recent stock trade was executed by Sam Sang Koo Shim on 22 August 2024, trading 46,200 units of MCBS stock currently worth $1,288,980.
MetroCity Bankshares Inc executives and other stock owners filed with the SEC include: