M&A · Financials · Savings Institutions, Not Federally Chartered
The Fidelity Bank to acquire Affinity Bancshares, Inc.
Announced Mar 31, 2026 · Closed Aug 7, 2026
Deal value$143M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$23.00 per share
Transaction
- Acquirer
- The Fidelity Bank
- Target
- Affinity Bancshares, Inc. (AFBI)
- Buyer type
- Strategic
- Offer price per share
- $23.00
- Enterprise value
- —
- Status
- Closed Aug 7, 2026
Deal protections
- Break fee (target pays)
- $5.5M · 3.9%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Raymond James
- To the target
- Performance Trust
Sector context · Financials
- Comparable deals
- 73 in the prior 24 months
- Premium
- Sector median 37.0%
- EV / Adj. EBITDA
- Sector median 13.7x
- Break fee
- 3.9% vs. 3.7% sector median
Timeline
- AnnouncedMar 31, 2026
- Proxy filedMay 6, 2026
- Definitive proxyMay 29, 2026
- Shareholder voteJul 7, 2026
- ClosedAug 7, 2026