Affinity Bancshares Inc.
07/17/2026 | Press release | Distributed by Public on 07/17/2026 15:04
Material Event (Form 8-K)
Item 8.01
Other Events
As previously announced, on March 30, 2026, Affinity Bancshares, Inc. (the "Company") and Affinity Bank, National Association ("Affinity Bank" and, together with the Company, "Affinity"), Fidelity BancShares (N.C.), Inc. ("Fidelity BancShares"), The Fidelity Bank ("Fidelity Bank") and TFB Merger Subsidiary, Inc., a North Carolina corporation that will be formed as a wholly owned subsidiary of Fidelity Bank to facilitate the merger ("Merger Sub," and together with Fidelity BancShares and Fidelity Bank, "Fidelity"), entered into an Agreement and Plan of Merger (the "Agreement"). Pursuant to the Agreement, (i) Merger Sub will merge with and into the Company, with the Company as the surviving corporation, and Merger Sub will cease to exist; (ii) the Company will merge with and into Fidelity Bank, with Fidelity Bank as the surviving corporation, and the Company will cease to exist; and (iii) Affinity Bank will merge with and into Fidelity Bank, with Fidelity Bank as the surviving entity (the "Mergers").
Fidelity Bancshares and Fidelity Bank have received all required regulatory approvals and non-objections to complete the Mergers. The Mergers are expected to close during the third quarter of 2026, subject to the satisfaction of customary closing conditions.
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