Fidelity BancShares (North Carolina) Acquires Affinity Bancshares to Enter Georgia
March 30, 2026
Fidelity BancShares (N.C.) and its banking subsidiary, Fidelity Bank, signed a definitive merger agreement to acquire 100% of Affinity Bancshares and its bank subsidiary, Affinity Bank, in an all-cash transaction valued at approximately $142.8 million. The deal is intended to be Fidelity’s entry into Georgia and is expected to close in the third quarter of 2026, subject to regulatory approvals and Affinity shareholder approval.
- Buyers
- Fidelity BancShares (N.C.), Inc., Fidelity Bank
- Targets
- Affinity Bancshares, Inc., Affinity Bank
- Industry
- Financial Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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