Community lender Affinity Bancshares climbs after Fidelity takeover deal

ReutersMar 31, 2026 10:54 AM

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

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