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Affinity Bancshares ( (AFBI) ) has issued an announcement.
Affinity Bancshares, Inc., the parent company of Affinity Bank, and Atlanta Postal Credit Union (APCU) mutually agreed to terminate their previously planned purchase agreement where APCU would have acquired Affinity Bank. Following discussions with regulatory agencies, APCU decided to withdraw its application for the transaction, leading to the mutual termination. No termination fees will be incurred, and both parties are released from any related liabilities, indicating a careful reevaluation of strategic plans and regulatory compliance considerations.
More about Affinity Bancshares
Affinity Bancshares, Inc. is a Maryland corporation based in Covington, Georgia, with approximately $870 million in assets. Its subsidiary, Affinity Bank, specializes in providing industry-specific financial solutions for sectors such as commercial real estate, construction, dental and medical practices, and indirect auto lending. Affinity Bank operates three branches and a loan production office in Georgia.
YTD Price Performance: 36.51%
Average Trading Volume: 6,627
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $139.8M
See more data about AFBI stock on TipRanks’ Stock Analysis page.
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