---
schema_version: "secwatch.filing_event.v1"
accession: "0000943374-24-000439"
form_type: "8-K"
ticker: "AFBI"
cik: "0001823406"
company_name: "Affinity Bancshares, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:22:46.584008+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Affinity Bancshares faces two lawsuits and seven demands over proxy statement for APCU asset sale

## Summary
- Two shareholder suits filed Oct 11, 2024 in NY Supreme Court; seven demand letters received Oct 7-16.
- Suits allege false/misleading proxy statement in violation of Section 14(a) and state common law.
- Company denies wrongdoing but supplements proxy with minimum/maximum multiples on financial advisor analyses.
- Supplement adds min/max to Transaction Value/TBV, LTM Earnings, and Core Deposit Premium tables for regional and national transactions.
- Transaction to acquire substantially all assets and assume all liabilities of Affinity Bank by APCU.

## SEC filing metadata
- accession: 0000943374-24-000439
- form_type: 8-K
- ticker: AFBI
- cik: 0001823406
- company_name: Affinity Bancshares, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823406/000094337424000439/0000943374-24-000439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823406/000094337424000439/form8k_102924.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000943374-24-000439
- JSON: https://secwatch.observer/filing/0000943374-24-000439.json
- Plain text: https://secwatch.observer/filing/0000943374-24-000439.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.