---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-153952"
form_type: "8-K"
ticker: "AFBI"
cik: "0001823406"
company_name: "Affinity Bancshares, Inc."
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:36:11.336912+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Affinity Bancshares agrees to sell substantially all assets to Atlanta Postal Credit Union for ~$159.8M

## Summary
- Purchase price of $22.50 per share plus option and liquidation adjustments; estimated at $159.8M.
- Transaction expected to close in Q4 2024 or Q1 2025, subject to regulatory and shareholder approvals.
- Affinity will pay a termination fee of $6.39M under certain conditions if deal is not completed.
- Directors have entered into voting agreements to support the transaction.
- Following closing, Affinity Bank will dissolve and distribute remaining cash to shareholders.

## SEC filing metadata
- accession: 0001193125-24-153952
- form_type: 8-K
- ticker: AFBI
- cik: 0001823406
- company_name: Affinity Bancshares, Inc.
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823406/000119312524153952/0001193125-24-153952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823406/000119312524153952/d845637d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-153952
- JSON: https://secwatch.observer/filing/0001193125-24-153952.json
- Plain text: https://secwatch.observer/filing/0001193125-24-153952.txt

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