Affinity Bancshares Fall 17% After Termination of Atlanta Postal Credit Union Merger

Dow Jones

2024-12-31

By Stephen Nakrosis

Shares of Affinity Bancshares were trading in the red in the after-hours market following news the company agreed to terminate a deal that would have seen it acquired by Atlanta Postal Credit Union.

Following news of the deal's termination, shares of Affinity were trading 17% lower at $18.09. The shares ended Monday's regular session flat at $21.08.

In May, Atlanta Postal Credit Union, the largest postal credit union in the U.S., said it agreed to purchase Affinity in an all-cash deal.

The companies said their boards agreed to terminate the deal following discussion between the credit union and regulatory agencies.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 30, 2024 17:37 ET (22:37 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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