MergerJul 17, 2026, 05:11 PM
Affinity Bancshares Merger with Fidelity Bank Receives Approvals
AI Summary
Affinity Bancshares, Inc. announced that Fidelity BancShares (N.C.), Inc. and The Fidelity Bank have received all necessary regulatory approvals for their previously announced merger. The agreement, entered into on March 30, 2026, will see Affinity Bancshares and its subsidiary Affinity Bank merge into Fidelity Bank. The Mergers are anticipated to close during the third quarter of 2026, pending customary closing conditions.
Key Highlights
- Affinity Bancshares and Fidelity BancShares entered into a merger agreement on March 30, 2026.
- Fidelity Bancshares and Fidelity Bank have received all required regulatory approvals for the Mergers.
- The Mergers involve Merger Sub merging into Affinity Bancshares, then Affinity Bancshares into Fidelity Bank, and Affinity Bank into Fidelity Bank.
- The Mergers are expected to close during the third quarter of 2026.
- Closing of the Mergers is subject to the satisfaction of customary conditions.
Price Impact
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