Affinity Bancshares enters definitive agreement to sell Affinity Bank for ~$22.50/share cash to APCU

Affinity Bancshares, Inc.

All-cash purchase and assumption; APCU to acquire substantially all assets and assume all liabilities of Affinity Bank.
Affinity shareholders expected to receive ~$22.50 per share in cash upon liquidation after closing.
Transaction unanimously approved by both boards; expected close Q4 2024 or Q1 2025 subject to approvals.
Affinity Bank locations in Newton County and Northwest Atlanta to continue under APCU/Center Parc.
Hovde Group (APCU) and Performance Trust Capital Partners (Affinity) served as financial advisors.

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