Affinity Bancshares, Inc. Merger Update

Affinity Bancshares, Inc. and its subsidiary Affinity Bank have announced updates regarding their Agreement and Plan of Merger with Fidelity BancShares (N.C.), Inc., The Fidelity Bank, and TFB Merger Subsidiary, Inc. The merger, initially announced on March 30, 2026, involves a series of mergers where Affinity Bancshares, Inc. will merge with TFB Merger Subsidiary, Inc., and then the combined entity will merge with Fidelity Bank. Affinity Bank will also merge with Fidelity Bank. All necessary regulatory approvals and non-objections have been received by Fidelity Bancshares and Fidelity Bank. The completion of the mergers is anticipated during the third quarter of 2026, contingent upon the fulfillment of standard closing conditions. The filing also includes forward-looking statements regarding the potential impacts and risks associated with the merger, such as integration challenges, market conditions, and regulatory changes.