{"id":823029,"date":"2025-03-07T08:04:48","date_gmt":"2025-03-07T13:04:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/affinity-bancshares-inc-adopts-stock-repurchase-program-2\/"},"modified":"2025-03-07T08:04:48","modified_gmt":"2025-03-07T13:04:48","slug":"affinity-bancshares-inc-adopts-stock-repurchase-program-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/affinity-bancshares-inc-adopts-stock-repurchase-program-2\/","title":{"rendered":"Affinity Bancshares, Inc. Adopts Stock Repurchase Program"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Affinity Bancshares, Inc. Adopts Stock Repurchase Program<\/b><\/p>\n<p>COVINGTON, Ga.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAffinity Bancshares, Inc. (the \u201cCompany\u201d) (Nasdaq: AFBI), the holding company for Affinity Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 320,480 shares of its common stock, or approximately 5% of the current outstanding shares.\n<\/p>\n<p>\nThe repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.\n<\/p>\n<p>\nRepurchases will be made at management\u2019s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company\u2019s financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.\n<\/p>\n<p>\nThe repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.\n<\/p>\n<p><b><span class=\"bwuline\">About Affinity Bancshares, Inc.<\/span><\/b><\/p>\n<p>\nThe Company is a Maryland corporation based in Covington, Georgia. The Company\u2019s banking subsidiary, Affinity Bank, opened in 1928 and currently operates a full-service office in Atlanta, Georgia, two full-service offices in Covington, Georgia, and a loan production office serving the Alpharetta and Cumming, Georgia markets.\n<\/p>\n<p><b><span class=\"bwuline\">Forward-Looking Statements<\/span><\/b><\/p>\n<p>\nIn addition to historical information, this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describe the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as \u201cestimate,\u201d \u201cproject,\u201d \u201cbelieve,\u201d \u201cintend,\u201d \u201canticipate,\u201d \u201cassume,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201cexpect,\u201d \u201cwill,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cindicate,\u201d \u201cwould,\u201d \u201ccontemplate,\u201d \u201ccontinue,\u201d \u201ctarget\u201d and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions, interest rates and inflation; changes in asset quality; our ability to access cost-effective funding; fluctuations in real estate values; changes in laws or regulations; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in technology; failures or breaches of our IT security systems; our ability to introduce new products and services and capitalize on growth opportunities; changes in the value of our goodwill and other intangible assets; our ability to successfully integrate acquired operations or assets; changes in accounting policies and practices; our ability to retain key employees; and the effects of natural disasters and geopolitical events, including terrorism, conflict and acts of war. These risks and other uncertainties are further discussed in the reports that the Company files with the Securities and Exchange Commission.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250307810894r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250307810894\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250307810894\/en\/<\/a><\/span><\/p>\n<p>\nEdward J. Cooney<br \/>\n<br \/>Chief Executive Officer<br \/>\n<br \/>Telephone:(678) 742-9990\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Georgia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250307810894\/en\/2403125\/3\/Affinity_Bancshares%2C_Inc_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Affinity Bancshares, Inc. Adopts Stock Repurchase Program COVINGTON, Ga.&#8211;(BUSINESS WIRE)&#8211; Affinity Bancshares, Inc. (the \u201cCompany\u201d) (Nasdaq: AFBI), the holding company for Affinity Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 320,480 shares of its common stock, or approximately 5% of the current outstanding shares. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management\u2019s discretion at prices management considers to be attractive and in the best interests of both the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/affinity-bancshares-inc-adopts-stock-repurchase-program-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Affinity Bancshares, Inc. Adopts Stock Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823029","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Affinity Bancshares, Inc. Adopts Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/affinity-bancshares-inc-adopts-stock-repurchase-program-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Affinity Bancshares, Inc. Adopts Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Affinity Bancshares, Inc. Adopts Stock Repurchase Program COVINGTON, Ga.&#8211;(BUSINESS WIRE)&#8211; Affinity Bancshares, Inc. (the \u201cCompany\u201d) (Nasdaq: AFBI), the holding company for Affinity Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 320,480 shares of its common stock, or approximately 5% of the current outstanding shares. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management\u2019s discretion at prices management considers to be attractive and in the best interests of both the &hellip; Continue reading &quot;Affinity Bancshares, Inc. 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