Affinity Bancshares, Inc. announced an update on its pending merger with Fidelity BancShares, Inc. and Fidelity Bank, which is expected to close on August 1, 2026. The transaction involves a multi-step merger structure where Merger Sub will merge into the Company, and both the Company and Affinity Bank, National Association, will subsequently merge into Fidelity Bank. Affinity Bancshares, Inc. is a bank holding company providing financial services.

On July 7, 2026, stockholders approved a merger agreement dated March 30, 2026, involving Affinity Bancshares, Inc., Affinity Bank, National Association, Fidelity BancShares (N.C.), Inc., and The Fidelity Bank. The transaction involves the merger of a subsidiary into the company, the company into Fidelity Bank, and Affinity Bank into Fidelity Bank. Stockholders also approved on an advisory basis the compensation for certain executive officers related to the mergers. The company is a bank holding company operating in the financial services industry.