Affinity Bank will merge into Newton Federal Bank. The completion of the merger has resulted in a bank with approximately $645 million in total assets. Investors and security holders may obtain a free copy of the merger proxy statement (when available) at ABB’s website at www.myaffinitybank.com. Flex HR serves almost every industry in all 50 states, including Georgia, Florida, California, North Carolina, and Tennessee, as well as Puerto Rico, the Virgin Islands, Canada and Europe supporting U.S. subsidiaries of foreign owned companies. The heart of our solutions engine is our HR knowledge and proficiency emerging from our decades of Human Resources experience. Johnny Smith of CFBI will remain President of CFBI and Newton Federal Bank and will continue to serve on the boards of both entities. Sep 28, 2010 Changed name to Affinity Bank. Additional information about the company and the bank’s products and services can be found at www.newtonfederal.com.About ABB Financial Group, Inc.ABB Financial Group, Inc. is the parent company of Affinity Bank. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities to be issued in connection with the proposed merger.In connection with the proposed merger, ABB will send a proxy statement to its shareholders, as well as other relevant documents concerning the proposed merger. Below is a list of some important events in banks history, including mergers and acquisitions. A statement to the markets from the board of newly formed Clarion Housing Group announced that it has successfully concluded the merger of Affinity Sutton Group and Circle Housing Group, following the transfer of engagements of Circle Anglia - the parent company of Circle Housing Group - to Affinity Sutton Group. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger … COVINGTON, Ga. -- (BUSINESS WIRE)-- Community First Bancshares, Inc. (NASDAQ: CFBI) (“CFBI”), the parent company of Newton Federal Bank, announced today that it … Affinity had planned to deliver £12m in savings by the end of 2020, while Circle planned £46m by full-year 2019. Merger - Limited Liability Company (Domestic) Company AFFINITY BANK HOLDINGS LLC Filing Date 2000-03-01. The bank is also recognized as a leading banking provider to dentists throughout the Southeast and founded the Dental Offices Managers Association (DOMA), a provider of quality continuing education to dental office managers. Flex HR, Inc. is located in the Atlanta, GA metro area of Johns Creek and is a full service, Human Resources firm, supporting any and all HR management functions. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements.Factors that could cause or contribute to such differences include, but are not limited to, the possibility that expected benefits may not materialize in the time frames expected or at all, or may be more costly to achieve; that the merger may not be timely completed, if at all; that prior to completion of the merger or thereafter, the parties’ respective businesses may not perform as expected due to transaction-related uncertainties or other factors; that the parties are unable to implement successful integration strategies; that the required regulatory, shareholder, or other closing conditions are not satisfied in a timely manner, or at all; reputational risks and the reaction of the parties’ customers to the merger; diversion of management time to merger-related issues; and other factors and risk influences. MBNA was founded in 1982 as Maryland Bank, N.A. The transaction is expected to be meaningfully accretive to CFBI’s 2020 earnings per share, excluding one-time merger costs, and the tangible book value earn-back is expected to be less than 3.5 years, utilizing the crossover method.“This transaction marks an important milestone for Newton Federal Bank as we continue to position our organization as a premier Atlanta community bank,” said Billy Fortson, Chairman of CFBI. Furthermore, the bank is experiencing great success with their online bank, Fitness Bank, which kicked off earlier this year providing competitive savings rates for those “athletes” who achieve a certain number of steps each month on their fitness device. Overview of 2020 Conversion. The pro forma company will be one of the 10-largest Georgia-based banks, by deposits, headquartered in the Atlanta MSA.Under the terms of the merger agreement, ABB shareholders will receive cash merger consideration of $7.50 for each share of ABB. They offer many levels of services including HR consulting, outsourcing (HRO), compliance, recruiting & talent acquisition, training & development, and onboarding administration. and should not be reproduced, published or disclosed to others without express written authorization of Flex HR, LLC. According to The Covington News, “[this] makes one of the 10 largest Georgia-based banks, by deposits, to have headquarters in metro Atlanta.” Moving forward Affinity Bank will operate as a division of Newton Federal bank, with Ed Cooney as the CEO, and headquarters remaining in Covington. ‘None of these things on their own is a simple task,’ said Mr Washer. Small Business Administration (SBA) Loans, FDIC’s Electronic Deposit Insurance Estimator. Here are the details of the System Updates, and please be sure to take note of times, dates, and actions. Customers can open an account at one of its 0 Branches. N&P will retain its own brand and Yorkshire has committed to retaining the strong links N&P has with its local communities and to supporting charities and good causes in the east of England through charitable giving, employee volunteering and affinity partnerships. As a result of the closing of the Conversion, the Company is now […] Affinity Bank, with $308 million in assets, delivers a full slate of commercial banking services through a high-tech, high-touch delivery system and is a Southeast leader in remote deposit technology. In addition to its main office in Atlanta, Affinity Bank operates a loan production office serving the Alpharetta and Cumming, GA markets.FORWARD-LOOKING STATEMENTSThis press release contains “forward-looking statements”. It also enhances CFBI’s commercial banking capabilities and adds an affluent dental clientele that has spurred ABB’s growth over the last several years. Neither CFBI nor ABB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.ADDITIONAL INFORMATIONThis press release is not a solicitation of any vote or approval of the CFBI or ABB shareholders and is not a substitute for the proxy statement or any other documents which ABB may send to its shareholders in connection with the proposed merger. I’ve known CFBI CEO Johnny Smith for a long time and look forward to working with him and his team. These are on top of the £38m merger savings anticipated in the new group, it said. — CEO and Founder, Jim Cichanski. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in assets, $465 million in deposits and $500 million in loans. Smith will be the president of the company and the bank as Affinity merges into Newton Federal. I believe there will be very few Georgia community banks that will match our diverse lines of business and attractive market demographics.”Upon completion of the transaction, Ed Cooney will become CEO of CFBI and Newton Federal Bank and will also become a director of both entities. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger in August to warrant a seamless transition. The company’s banking subsidiary, Newton Federal Bank, opened in 1928 and currently operates two full-service offices in Covington, Georgia and loan production offices in Athens, Georgia and Braselton, Georgia. Flex HR specialists serve thousands of different organizations, in countless industries, with company sizes varying from a few to over 75,000 employees. HR professionals play a fundamental role to both sides of the merger & acquisition by facilitating and integrating the process to strategically plan for any legal issues that may arise, and then implement the growth strategy of the new endeavor. Affinity Bank will merge into Newton Federal Bank. An early driver of MBNA's growth was the creation of "affinity cards" in 1983. COVINGTON, Ga.-- (BUSINESS WIRE)-- Affinity Bancshares, Inc. (the “Company”) announced today that Community First Bancshares, MHC (the “MHC”) has … Forward-looking statements represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Our partnership will also contribute to attracting talented, Atlanta-area bankers to further our growth strategy and reward shareholders with strong performance.”“We are very excited to join the CFBI team,” said ABB Chief Executive Officer Ed Cooney. System Updates. Our Flex HR specialists serve thousands of different organizations, in countless industries, varying from a few to over 75,000 employees. Flex HR delivers intelligent HR expertise allowing companies to concentrate on their internal resources to grow their core business. ABB is headquartered in Atlanta, less than one mile from The Battery, the dynamic neighborhood that includes SunTrust Park, home of the Atlanta Braves. RP Financial, LC. Basking Ridge, N.J. (September 5, 2017) – Affinity Federal Credit Union (Affinity) announces its merger with NEA Federal Credit Union establishing one of the largest, continually evolving credit unions in the northeast. Affinity Bank was founded in April 2003 by Ehrlich, formerly with Reading-based Main Street Bancorp Inc., and a group of local investors. The conversion will begin Friday, September 18th. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger in August to warrant a seamless transition. Other locations include the Atlanta area, Alpharetta and Cumming. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS OF ABB ARE URGED TO CAREFULLY READ THE ENTIRE MERGER PROXY STATEMENT REGARDING THE PROPOSED MERGER WHEN IT BECOMES AVAILABLE, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Affinity Bank is based in Atlanta, Georgia and was formed in 2002. Together, we will leverage the combined resources and products to clients and prospects across our combined markets in furthering our shared objective of providing a superior banking solution for all stakeholders.”“This is a transformative event for the Newton Federal customers, employees and shareholders,” stated CFBI Chief Executive Officer Johnny Smith. Affinity Federal Credit Union, New Jersey's largest credit union, is a member-owned, not-for-profit, full-service financial institution with branches throughout northern and central New Jersey. Last updated July 2 2015, 7.49PM (over 5 years ago) Customers should experience a seamless change as the merger closes, he said, and later will have the advantages of added services. Jul 01, 2004 Changed name to Atlanta Business Bank. Often times when a company is about to undergo a merger & acquisition it’s necessary to have a human resources audit and due diligence review. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in … Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in assets, $465 million in deposits and $500 million in loans. Learn more about Flex HR and their team. Sep 03, 2002 Institution established: Original name: United Commercial Bank. Of those N&P members who voted, 89.61% of savers and 87.22% of borrowers, voted in favour of the N&P to merge with the Yorkshire. [this] makes one of the 10 largest Georgia-based banks, by deposits, to have headquarters in metro Atlanta. and COVID Notices from Your Affinity Bank Team 2021 PPP Notices COVID-19 Notices SBA Officially Opens 2021 PPP We are Accepting Applications: Get the List of Documents Needed. Flex HR enhances, or takes the place of your company’s Human Resource functions so that you gain advantages you cannot obtain on your own. In general, forward-looking statements usually use words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology, including statements related to the expected timing of the closing of the merger, the expected returns and other benefits of the merger, to shareholders, expected improvement in operating efficiency resulting from the merger, estimated expense reductions resulting from the transactions and the timing of achievement of such reductions, the impact on diluted earnings per share and tangible book value, and the effect of the merger on CFBI’s capital ratios. Including consideration received by ABB option holders, the transaction is valued at approximately $40.3 million. 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