Fidelity Bank completes acquisition of Affinity Bancshares for $23 per share
AFBI•Acquisition completed
Fidelity Bank completed its acquisition of Affinity Bancshares and its subsidiary, Affinity Bank, expanding Fidelity’s footprint into Georgia.
Affinity stockholders will receive $23 per share in cash, with no adjustment tied to adjusted stockholders’ equity.
Combined bank footprint and scale
Fidelity now reports about $5.5 billion in assets, $4.6 billion in deposits, and $3.6 billion in loans.
The combined bank operates two branches in Georgia, alongside Fidelity’s branch network in North Carolina, South Carolina and Virginia.
