AFBI Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Affinity Bank Is Fair to Shareholders

Business Wire 3-Sep-2024 2:43 PM

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Affinity Bank, a wholly-owned subsidiary of Affinity Bancshares, Inc. (NASDAQ:AFBI), to Atlanta Postal Credit Union is fair to Affinity shareholders. The transaction is structured as a purchase and assumption agreement whereby Atlanta Postal is expected to acquire substantially all assets and assume substantially all liabilities of Affinity Bank in an all-cash transaction.

Halper Sadeh encourages Affinity shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The investigation concerns whether Affinity and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Affinity shareholders; (2) determine whether Atlanta Postal is underpaying for Affinity Bank; and (3) disclose all material information necessary for Affinity shareholders to adequately assess and value the merger consideration.

On behalf of Affinity shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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