Fidelity (FDBC) to acquire Affinity Bancshares for $142.8 million

AI Summary

Fidelity BancShares (FDBC) has reached an agreement to acquire Affinity Bancshares for approximately $142.8 million in an all-cash transaction. Affinity shareholders are set to receive $23 per share, subject to adjustment based on stockholders’ equity. Post-merger, the combined entity will have total assets of roughly $5.5 billion, deposits of $4.6 billion, and loans totaling $3.6 billion. The deal, unanimously approved by both companies' boards, is anticipated to close in Q3 2026, pending regulatory approval and shareholder votes.