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Business Restructuring: MetroBank Notes Leadership Changes

May 27, 2010 (FinancialWire) — MetroCorp Bancshares, Inc. (NASDAQ: MCBI) said that Terrance J. Tangen has resigned as chief credit officer and executive vice president of MetroBank, N.A., one of the banking subsidiaries of MetroCorp Bancshares, Inc., to pursue other opportunities with a non-Asian ethnic bank.

Herbert Baker, who has served as the chief lending officer of the bank for the past six years, will become the new chief credit officer of the bank. Mohammed Tariq, who has served as a senior lending officer of the bank for the past nine years, will become the interim chief lending officer. There is no specific date set for the transition, but the company expects that it will occur in the next few weeks.

MetroCorp Bancshares provides a full range of commercial and consumer banking services through its wholly owned subsidiaries, MetroBank, N.A. and Metro United Bank.

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