Affinity Bancshares Files 8-K

TL;DR

Affinity Bancshares filed an 8-K, but it's mostly procedural with no juicy details yet.

AI Summary

Affinity Bancshares, Inc. filed an 8-K on May 30, 2024, to report other events and financial statements. The filing does not contain specific financial figures or details about the 'other events' beyond its classification as a current report.

Why It Matters

This filing indicates a regulatory update from Affinity Bancshares, Inc., but lacks specific details for immediate investor impact.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report with no disclosed material events or financial changes.

Key Players & Entities

• Affinity Bancshares, Inc. (company) — Registrant
• May 30, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share AFBI The Nasdaq Stock Marke

Filing Documents

• form8ka-12_053024.htm (8-K) — 22KB
• ex99-1_8k14a053024.htm (EX-99.1) — 17KB
• image0.jpg (GRAPHIC) — 21KB
• image1.jpg (GRAPHIC) — 6KB
• 0000943374-24-000220.txt ( ) — 76KB

01 Other Events

Item 8.01 Other Events On May 30, 2024, Affinity Bancshares, Inc. ("Affinity"), the parent of Affinity Bank, and Atlanta Postal Credit Union ("APCU"), announced via a joint press release the signing of a definitive purchase and assumption agreement pursuant to which APCU will acquire substantially all of the assets and assume substantially all of the liabilities (including deposit liabilities) of Affinity Bank. A copy of the joint press release announcing the transaction is attached hereto as Exhibit 99.1. Additional Information About the Transaction In connection with the proposed transaction, Affinity will distribute a proxy statement to its shareholders in connection with a special meeting of shareholders to be called and held for the purposes of voting on the approval of the transaction and related matters. BEFORE MAKING ANY VOTING OR INVESTMENT DECISIONS REGARDING THE PROPOSED TRANSACTION, AFFINITY'S SHAREHOLDERS AND INVESTORS ARE URGED TO READ THE PROXY STATEMENT AND ITS EXHIBITS BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT AFFINITY AND THE PROPOSED TRANSACTION. Copies of the proxy statement will be mailed to all shareholders prior to the special meeting. Affinity shareholders will be able to obtain a free copy of the proxy statement, as well as other filings containing information about Affinity, at the Securities and Exchange Commission's Internet site (www.sec.gov). Affinity shareholders will also be able to obtain these documents, free of charge, from Affinity at https://affinitybankshares.q4ir.com/CorporateProfile/default.aspx. Affinity and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Affinity in connection with the special meeting of shareholders. Information about the directors and executive officers of Affinity appears in its proxy statement dated April 12, 2024, for Affinity's 2024 annual meeting of shareholders as filed with the SEC on Schedule 14A. Addi

Forward-Looking Statements

Forward-Looking Statements This current report contains statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933. These forward-looking statements are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and this statement is included for purposes of complying with these safe harbor provisions. Readers should not place undue reliance on such

forward-looking statements, which speak only as of the date made. These forward-looking

forward-looking statements, which speak only as of the date made. These forward-looking expectations. These differences may be the result of various factors, including, among others: (1) failure of the parties to satisfy the closing conditions in the definitive agreement in a timely manner or at all; (2) failure of the shareholders of Affinity to approve the agreement; (3) failure to obtain governmental approvals; (4) changes in estimates with respect to the amount of cash to be received by Affinity Bank and/or to be utilized by Affinity Bank and Affinity following the completion of the proposed transaction, and the resulting amount available for distribution to Affinity shareholders, either in the aggregate or on a per-share basis; (5) disruptions to the parties' businesses as a result of the announcement and pendency of the transaction; (6) changes in general business, industry or economic conditions or competition; (7) changes in any applicable law, rule, regulation, policy, guideline or practice governing or affecting credit unions, financial holding companies and their subsidiaries or with respect to tax or accounting principles or otherwise; (8) adverse changes or conditions in the capital and financial markets; (9) changes in interest rates or credit availability; (10) the adequacy of loan loss reserves and changes in loan default and charge-off rates; (11) increased competition and its effect on pricing, spending, third-party relationships and revenues; (12) unanticipated regulatory or judicial proceedings and liabilities and other costs; (13) changes in the cost of funds, demand for loan products or demand for financial services; and (14) other economic, competitive, governmental or technological factors affecting operations, markets, products, serv

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (a) Exhibits. Exhibit No. Exhibit 99.1 Press Release Dated May 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. AFFINITY BANCSHARES, INC. DATE: May 30, 2024 By: /s/ Edward J. Cooney Edward J. Cooney President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR