Fidelity BancShares (N.C.), Inc., the holding company for Fidelity Bank, announced that it has entered into a definitive merger agreement to acquire Affinity Bancshares, Inc. and its subsidiary, Affinity Bank. The transaction marks Fidelity Bank’s expansion into Georgia.
The merger brings together two community focused banks that share a commitment to relationship driven banking, putting people first, and investing in the communities they serve. Upon completion of the transaction, the combined organization is expected to have approximately $5.5 billion in total assets and an expanded footprint across Georgia, North Carolina, South Carolina, and Virginia.
The transaction has been unanimously approved by the boards of directors of both organizations and is expected to close in the third quarter of 2026, subject to regulatory and shareholder approvals.
Read the full press release here.
