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

On May 8, 2009, Mitchell W. Kitayama tendered his resignation as Executive Vice President of MetroCorp Bancshares, Inc. (the "Company"), and as Chief Executive Officer and Vice Chairman of Metro United Bank, a wholly owned banking subsidiary of the Company ("Metro United"). Mr. Kitayama's resignation from these positions is effective immediately.

George M. Lee, Executive Vice Chairman, President and Chief Executive Officer of the Company and MetroBank, National Association, a wholly owned banking subsidiary of the Company, and Chairman of the Board of Metro United, has been appointed, on an interim basis, to fill the Chief Executive Officer vacancy at Metro United created by Mr. Kitayama's resignation until a permanent replacement is appointed.

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