Affinity Bancshares Announces Merger with Fidelity Bank, Expected Aug 1, 2026

What Happened
Affinity Bancshares, Inc. (and its banking subsidiary Affinity Bank) announced they entered into an Agreement and Plan of Merger with Fidelity BancShares (N.C.), Inc., The Fidelity Bank and a yet‑to‑be‑formed Merger Sub. Under the Agreement: (1) Merger Sub will merge into Affinity Bancshares; (2) Affinity Bancshares will then merge into Fidelity Bank (with Fidelity Bank as the surviving corporation); and (3) Affinity Bank will merge into Fidelity Bank (with Fidelity Bank as the surviving entity). The parties expect the Mergers to close on August 1, 2026, subject to customary closing conditions. The company filed this disclosure on Form 8‑K on July 22, 2026.

Key Details

• Parties: Affinity Bancshares, Affinity Bank, Fidelity BancShares, The Fidelity Bank, and a Merger Sub to be formed by Fidelity Bank.
• Structure: Merger Sub (a wholly owned Fidelity Bank subsidiary) first merges into Affinity Bancshares; then Affinity Bancshares and Affinity Bank each merge into Fidelity Bank.
• Expected close date: August 1, 2026, subject to satisfaction of customary closing conditions and required approvals.
• Risks noted: the filing includes forward‑looking statements and cites potential risks (e.g., failure to satisfy closing conditions, customer reaction, economic or regulatory changes); investors are directed to Affinity’s 2025 Form 10‑K and subsequent 10‑Qs for additional risk factors.

Why It Matters
If completed, the transaction will result in Affinity Bancshares and Affinity Bank ceasing to exist as separate entities and their operations becoming part of Fidelity Bank. That can affect shareholders, customers, and local operations; the timing and certainty depend on closing conditions and regulatory approvals. Investors should monitor subsequent SEC filings and company communications for updates on approvals, any changes to the closing schedule, and integration details.