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)
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