Fidelity BancShares Acquires Affinity Bancshares for $142.8 Million in a Cash Deal
Fidelity BancShares (N.C.), Inc. entered a merger agreement on March 30, 2026, to acquire Affinity Bancshares, Inc. (AFBI) in an all-cash deal valued at $142.8 million. Deal…
Written byAsif SuriaSource: InsideArbitrage
Fidelity BancShares (N.C.), Inc. entered a merger agreement on March 30, 2026, to acquire Affinity Bancshares, Inc. (AFBI) in an all-cash deal valued at $142.8 million. Deal Structure: Each Affinity shareholder will receive $23 per share in cash, representing a premium of 17.35% from the stock’s last close. Company Profile: Affinity is a bank holding