Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

"b" On October 24, 2008, Edward A. Monto notified MetroCorp Bancshares, Inc. (the "Company") of his decision to resign, effective immediately, as a Class II director of the Company, as a member of the Company's Audit Committee, Governance and Nominating Committee, Compensation Committee and as a director of MetroBank, N. A. Mr. Monto resigned for personal reasons. As a result of Mr. Monto's departure, the board of directors has appointed qualified independent directors to fill the vacancy on each of the committees.

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