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. ‘None of these things on their own is a simple task,’ said Mr Washer. Cities, states and areas where we provide HR support. RP Financial, LC. These are on top of the £38m merger savings anticipated in the new group, it said. They customize plans for each client, letting you choose only the services you need as your business evolves. The bank specializes in providing a full range of consumer and commercial banking products to individuals, small businesses and corporations. 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 Bancshares, Inc. (the Company) announced today that Community First Bancshares, MHC (the MHC) has completed its conversion from the mutual holding company to the stock holding company form of organization (the Conversion), and the Company has completed its related stock offering. First Priority Financial Corp. said the acquisition opens up the Berks County market to the company. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of ABB’s shareholders.Banks Street Partners, a Performance Trust Company, acted as financial advisor to CFBI, and Luse Gorman, PC, served as its legal advisor. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in … Additionally, ABB’s preferred stock and trust preferred securities will be redeemed at the close of the transaction, and all accrued but unpaid dividends and interest will be paid on the preferred stock and trust preferred securities. 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. 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. The transaction has been unanimously approved by the Boards of Directors of each company and is expected to close in the fourth quarter of 2019 or the first quarter of 2020. and should not be reproduced, published or disclosed to others without express written authorization of Flex HR, LLC. © 2021 Newton Federal 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. Under the agreement, Affinity will become a division of First Priority Bank, however all of the Berks County market activities will continue to be branded and marketed under the Affinity name. 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. I’ve known CFBI CEO Johnny Smith for a long time and look forward to working with him and his team. 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. ABB is headquartered in Atlanta, less than one mile from The Battery, the dynamic neighborhood that includes SunTrust Park, home of the Atlanta Braves. Learn more about Flex HR and their team. 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. Small Business Administration (SBA) Loans, FDIC’s Electronic Deposit Insurance Estimator. A Malvern company has acquired Affinity Bank of Pennsylvania in Wyomissing. Affinity Bank, Los Padres Bank and Trust Bank of San Luis Obispo failed, wiping out stockholders. 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. Johnny Smith of CFBI will remain President of CFBI and Newton Federal Bank and will continue to serve on the boards of both entities. the application to merge Affinity Bank, Atlanta, Georgia into Newton Federal Bank, Covington, Georgia (Newton or the Bank). Customers can open an account at one of its 0 Branches. Affinity Bank was founded in April 2003 by Ehrlich, formerly with Reading-based Main Street Bancorp Inc., and a group of local investors. Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank. Our Flex HR specialists serve thousands of different organizations, in countless industries, varying from a few to over 75,000 employees. The completion of the merger has resulted in a bank with approximately $645 million in total assets. Affinity Bancshares, Inc. (the "Company") announced today that Community First Bancshares, MHC (the "MHC") has completed its conversion from the mutual holding company to the stock holding company form of organization (the "Conversion"), and the Company has completed its related stock offering. An early driver of MBNA's growth was the creation of "affinity cards" in 1983. Including consideration received by ABB option holders, the transaction is valued at approximately $40.3 million. 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. Flex HR specialists serve thousands of different organizations, in countless industries, with company sizes varying from a few to over 75,000 employees. Affinity Bank of Pennsylvania Customer Reviews, Frequently Asked Questions, Rates, Branches, Related Articles, and Financial Summary - 2021 This identifies any weak points and risks that could put the company’s human capital in danger. 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. 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. “ABB brings an attractive customer base and an energetic banking team that, combined with our wonderful team at Newton Federal Bank, will offer a best-of-class banking experience for current and prospective customers. “This combination is incredibly positive for both banks’ clients, employees and shareholders. 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. Investors and security holders may obtain a free copy of the merger proxy statement (when available) at ABB’s website at www.myaffinitybank.com. Here are the details of the System Updates, and please be sure to take note of times, dates, and actions. Merger Letter. 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. 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. 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. MBNA was founded in 1982 as Maryland Bank, N.A. — CEO and Founder, Jim Cichanski. 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. Portions Copyright © Kasasa, Ltd. All rights reserved. Affinity Bank of Pennsylvania is an FDIC insured bank located in Wyomissing and has 174717 in assets. 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. The heart of our solutions engine is our HR knowledge and proficiency emerging from our decades of Human Resources experience. Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank. Affinity Bank is upgrading digital banking and debit cards systems to better serve our clients with more consistent service. Jul 01, 2004 Changed name to Atlanta Business Bank. Personal Banking Business Banking Get the Latest P.P.P. As a result of the closing of the Conversion, the Company is now […] Led by Charles Cawley, MBNA opened its first office in a converted A&P (Great Atlantic & Pacific Tea Company) food supermarket in Ogletown, Delaware. 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. Consequently, no forward-looking statement can be guaranteed. Affinity Bank is based in Atlanta, Georgia and was formed in 2002. Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank. 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. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger … Investors in the parent of Santa Barbara Bank & Trust lost more than 90 percent of their equity when the region’s largest bank was recapitalized with a $500 million investement. Sep 28, 2010 Changed name to Affinity Bank. Proprietary and Confidential. © 2021. Customers should experience a seamless change as the merger closes, he said, and later will have the advantages of added services. ABB also operates a loan production office in the fast-growing and affluent Cumming/Alpharetta, Georgia market.The merger will expand CFBI’s presence in the highly desirable Atlanta MSA and accelerates CFBI’s growth strategy following its mutual holding company reorganization and initial public offering in 2017. Together, we believe the strengths are enhanced and the weaknesses are diminished. Management is working hard to ensure all current customers are aware of any minimal and smooth changes and that their customer service is their number one priority. Affinity had planned to deliver £12m in savings by the end of 2020 while! The contents of this website are confidential to Flex HR delivers intelligent HR expertise allowing companies to concentrate their... Working with him and his team Georgia and was formed in 2002 focus since.... Is our HR knowledge and proficiency emerging from our decades of human resources experience simple task, ’ said Washer... 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Need as your Business evolves the merger is going to create a competitive.

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