Affinity Bancshares agrees to all-cash sale of Affinity Bank to Atlanta Postal Credit Union for $22.50/share

Affinity Bancshares, Inc.

APCU will acquire Affinity Bank via purchase and assumption of substantially all assets and liabilities.
Affinity shareholders expected to receive $22.50 per share in cash, net of taxes, following liquidation.
Transaction approved by both boards; expected to close Q4 2024 or Q1 2025.
Closing subject to regulatory approvals, Affinity shareholder vote, and customary conditions.
Affinity Bank branches in Newton County and Northwest Atlanta to continue operating under APCU.

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