On January 20, 2021, Community First Bancshares, Inc., Covington, Georgia, completed its conversion from the mutual holding company to the stock holding company form of organization and its related stock offering. A total of 3,701,509 shares of common stock were sold in the subscription offering at a price of $10.00 per share. In connection with the conversion, Community First Bancshares, Inc. was succeeded by a new holding company named “Affinity Bancshares, Inc.” and its wholly-owned subsidiary, Newton Federal Bank, changed its name to “Affinity Bank.”
Affinity Bancshares, Inc. has approximately $888.2 million in total assets. Affinity Bank operates three full-service offices in Atlanta and Covington, Georgia and two loan production offices serving the Braselton, Alpharetta and Cumming, Georgia markets.
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