Wednesday, January 20, 2021

Equity Corporate Actions Alert #2021 - 6
Information Regarding the Plan of Conversion and Reorganization for Community First Bancshares, Inc. (CFBI)


  • Industry Announcement

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The Plan of Conversion and Reorganization of Community First Bancshares, Inc. (CFBI) from a federal corporation to a Maryland corporation became effective today, January 20, 2021. Under the plan, each existing share of Community First Bancshares, Inc. will be exchanged for 0.90686 shares of Affinity Bancshares, (AFBI). These changes will become effective on Thursday, January 21, 2021.

The details regarding the name and CUSIP changes are as follows:

Current Company Name: Community First Bancshares, Inc.
Issue: Common Stock
Current CUSIP: 20369M104
Symbol: CFBI
New Company Name: Affinity Bancshares, Inc.
Issue: Common Stock
New CUSIP: 00832E103
Symbol: AFBI
Conversion Ratio: 0.90686 shares of Affinity Bancshares, Inc. (AFBI) for each share held

If you would like to register as a market maker in AFBI, contact Nasdaq Trading Services at +1 212 231 5100.

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