Affinity Bancshares, Inc. Announces Completion of Stock Offering and Related Conversion
Affinity Bancshares, Inc. (the Company) announced today that Community First Bancshares, MHC (the MHC) has completed its conversion from the mutual holding company to the stock holding company form of organization (the Conversion), and the Company has completed its related stock offering.
- Affinity Bancshares, Inc. (the Company) announced today that Community First Bancshares, MHC (the MHC) has completed its conversion from the mutual holding company to the stock holding company form of organization (the Conversion), and the Company has completed its related stock offering.
- The MHC and the Banks previous mid-tier holding company, Community First Bancshares, Inc. (Community First), ceased to exist effective upon the closing of the Conversion.
- The results of the stock offering were previously reported in Community Firsts press release dated January 18, 2021.
- Approximately 6,875,643 shares of Company common stock are outstanding as a result of the Conversion, before taking into account adjustments for fractional shares.