AFBI News & Events

Affinity Bancshares announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the company may repurchase up to 304,524 shares of its common stock, or approximately 5% of the current outstanding shares.

Reports Q2 tangible book value per share $16.80.

Affinity Bancshares announced that its board of directors has adopted a stock repurchase program. Under the repurchase program, the company may repurchase up to 320,480 shares of its common stock, or approximately 5% of the current outstanding shares.

As previously disclosed, on May 30 Affinity Bancshares and Atlanta Postal Credit Union or APCU, entered into a definitive purchase and assumption agreement pursuant to which APCU would acquire substantially all of the assets and assume substantially all of the liabilities of Affinity Bank. On December 30 Affinity, Affinity Bank and APCU entered into a Mutual Termination of Purchase and Assumption Agreement and Mutual Release pursuant to which, among other things, Affinity, Affinity Bank and APCU mutually agreed to terminate the Purchase Agreement and the transactions contemplated thereby. Each party will bear its own costs and expenses in connection with the terminated transaction, and neither party will pay a termination fee in connection with the termination of the Purchase Agreement. The Termination Agreement also mutually releases the parties from any claims of liability to one another relating to the Purchase Agreement and the terminated transaction. This informaton is from a company 8K.