Affinity Bancshares and APCU terminate asset acquisition deal; no termination fee

Affinity Bancshares, Inc.

Mutual termination of Purchase Agreement to acquire Affinity Bank, effective immediately.
No termination fee; each party bears its own costs related to the terminated transaction.
APCU withdraws regulatory application with Georgia Department of Banking and Finance after discussions with regulators.
Original Purchase Agreement announced May 30, 2024; deal was for substantially all assets and liabilities of Affinity Bank.

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