On March 30, 2026, Affinity Bancshares, Inc., Covington, Georgia, and Fidelity BancShares (N.C.), Inc., Fuquay-Varina, North Carolina, entered into a merger agreement pursuant to which Affinity will merge with and into Fidelity in an all-cash transaction valued at approximately $142.8 million.

Fidelity is the holding company for The Fidelity Bank and has approximately $4.4 billion in assets with branch offices in North Carolina, South Carolina and Viriginia.

Affinity is the holding company for Affinity Bank, National Association, and has approximately $881.4 million in assets with branch offices in Georgia.

Luse Gorman is serving as legal counsel to Affinity in the transaction. The Luse Gorman team consists of Ned Quint, Tom Hutton and Keeler Fina.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.