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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ...)*
MetroCorp Bancshares, Inc.
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(Name of Issuer)
Common Stock $1.00 Par Value Per Share
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(Title of Class of Securities)
591650 10 6
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(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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CUSIP No. 591650 10 6 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
HELEN F. CHEN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / /
(B) / /
NONE
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 71,656
OWNED BY --------------------------------------------------
EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH: 484,128
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7 SOLE DISPOSITIVE POWER
71,656
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
555,784
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.9%
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12 TYPE OF REPORTING PERSON*
IN
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Page 2 of 7
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CUSIP No. 591650 10 6 13G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON
METRO INVESTMENT GROUP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) / /
(B) / /
NONE
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY 0
OWNED BY --------------------------------------------------
EACH REPORTING 6 SHARED VOTING POWER
PERSON WITH: 484,128
--------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
8 SHARED DISPOSITIVE POWER
484,128
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
484,128
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
/ /
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.9%
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12 TYPE OF REPORTING PERSON*
CO
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Page 3 of 7
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ITEM 1(a)
Name of issuer: The name of the issuer is MetroCorp Bancshares, Inc.
("Bancshares").
ITEM 1(b)
Address of issuer's principal executive offices: The principal executive
office of Bancshares is 9600 Bellaire Boulevard, Suite 252, Houston, Texas
77036
ITEM 2(a)
Name of person filing: The reporting persons are Helen F. Chen and Metro
Investment Group, Inc.
ITEM 2(b)
Address or principal business office or, if none, residence: The address of
Helen F. Chen is 9600 Bellaire Boulevard, Suite 252, Houston, Texas 77036 and
the address of Metro Investment Group, Inc. is 5511 Woodville Lane, Spring,
Texas 77379.
ITEM 2(c)
Citizenship: Helen F. Chen is a citizen of the United States of America and
Metro Investment Group, Inc. is organized in the State of Texas.
ITEM 2(d)
Title of class of securities: The class of securities of Bancshares owned
beneficially by Helen F. Chen and Metro Investment Group, Inc. is common
stock, $1.00 par value (the "Common Stock").
ITEM 2(e)
CUSIP Number: 591650 10 6
ITEM 3
Not applicable
ITEM 4
Ownership:
(a) The amount of securities beneficially owned by Helen F. Chen is 555,784
shares of Common Stock, which includes 484,128 shares held of record by
Metro Investment Group, Inc., of
Page 4 of 7
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which Ms. Chen is the President and has voting control. The amount of
securities beneficially owned by Metro Investment Group, Inc. is 484,128
shares of Common Stock.
(b) The percent of the class of Common Stock beneficially owned by Helen F.
Chen is 7.9%. The percent of the class of Common Stock beneficially owned
by Metro Investment Group, Inc. is 6.9%.
(c) Helen F. Chen and Metro Investment Group, Inc. each has the shared power
to vote or to direct the vote of 484,128 shares of the Common Stock and
Metro Investment Group, Inc. has the shared power to dispose or to direct
the disposition of 484,128 shares of the Common Stock.
Helen F. Chen has the sole power to vote or to direct the vote of 71,656
shares of the Common Stock and the sole power to dispose or to direct the
disposition of 71,656 shares of the Common Stock.
ITEM 5
Ownership of 5 Percent or Less of a Class: Not applicable
ITEM 6
Ownership of More than 5 Percent on Behalf of Another Person: Not applicable
ITEM 7
Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company: Not applicable
ITEM 8
Identification and Classification of Members of the Group Not applicable
ITEM 9
Notice of Dissolution of Group: Not applicable
ITEM 10
Certification: Not applicable
Page 5 of 7
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
February 10, 1999
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(Date)
/s/ Helen F. Chen
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(Signature)
Helen F. Chen
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(Name/Title)
METRO INVESTMENT GROUP, INC.
By: /s/ Helen F. Chen
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Helen F. Chen
Its: President
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Page 6 of 7
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EXHIBIT 1
AGREEMENT
The undersigned reporting person hereby agrees that the statements filed
pursuant to this Schedule 13G dated February 12, 1999, to which this
Agreement is filed as an exhibit, is filed on behalf of her.
/s/ Helen F. Chen
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Helen F. Chen
METRO INVESTMENT GROUP, INC.
By: /s/ Helen F. Chen
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Helen F. Chen
Its: President
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