secwatch.observer — SEC 8-K summary
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Issuer:     Affinity Bancshares, Inc. (AFBI)
CIK:        0001823406
Form:       8-K
Filed at:   2024-05-30T23:59:59+00:00
Accession:  0000943374-24-000220
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823406/000094337424000220/0000943374-24-000220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823406/000094337424000220/form8ka-12_053024.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000220

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