Affinity Bancshares, Inc. announces an Equity Buyback for 331,997 shares, representing 5% of its issued share capital.
October 31, 2022 at 08:31 am EDT
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Affinity Bancshares, Inc. (NasdaqCM:AFBI) announces a share repurchase program. Under the program, the company will repurchase up to 331,997 shares of its common stock or approximately 5% of its current outstanding shares. The program has no expiration date.
Affinity Bancshares, Inc. is the holding company for Affinity Bank (the Bank). The Company's business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, commercial and industrial loans and residential real estate loans and, to a lesser extent, construction and land loans and consumer loans. It makes commercial and industrial loans, primarily in its market area, to a variety of professionals, sole proprietorships and small businesses, including dental loans, which are originated throughout the Southeastern United States. It offers a variety of deposit accounts, including checking accounts, savings accounts and certificate of deposit accounts. It gathers deposits nationwide through its virtual bank, FitnessBank, which accepts deposits and provides higher interest rates based on customers meeting certain fitness goals. It offers a limited range of consumer loans.
AFFINITY BANCSHARES, INC. 
