Community lender Affinity Bancshares climbs after Fidelity takeover deal

Affinity Bancshares

31/03/2026 11:54

** Shares of community lender Affinity Bancshares AFBI.O rise 17.2% to $22.98 premarket

** Fidelity Bank agrees to acquire AFBI in an all-cash deal

** Under the terms of the transaction, each AFBI shareholder will receive $23/share in cash

** Transaction values Affinity at approximately $142.8 mln

** Deal to create a combined entity with about $5.5 bln in assets, $4.6 bln in deposits and $3.6 bln in loans

** Transaction is expected to close in the third quarter of 2026, subject to regulatory approvals

** As of last close, AFBI down 4.2% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))