sunny.png
Wednesday January 20th, 2021 6:33PM

Community First Bancshares, Inc. Announces Results of Special Meeting of Members

By The Associated Press

COVINGTON, Ga.--(BUSINESS WIRE)--Jan 13, 2021--

Community First Bancshares, Inc. (the “Company”), the stock holding company of Newton Federal Bank (the “Bank”), announced today that, at a special meeting held on January 12, 2021, the members of Community First Bancshares, MHC (the “MHC”) approved the Plan of Conversion and Reorganization (the “Plan”) in connection with the Company’s previously announced plan to convert from the mutual holding company to the fully public stock holding company form of organization. Stockholders of the Company had previously approved the Plan at a special meeting held on December 30, 2020.

The closing of the stock offering of Affinity Bancshares, Inc. and conversion remains subject to receipt of final regulatory approvals and customary closing conditions.

Any questions regarding the conversion or the offering may be directed to the Stock Information Center by telephone at (678) 729-9788.

Forward-Looking Statements

Certain statements contained herein constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “may,” “will,” “would,” “intend,” “believe,” “expect,” “plan,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. These statements are based upon the current beliefs and expectations of Company management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: the failure to obtain the final approval of the Board of Governors of the Federal Reserve for the proposed conversion and related stock offering, delays in obtaining such approval, or adverse conditions imposed in connection with such approval; those related to the real estate and economic environment, particularly in the market areas in which the Company operates; fiscal and monetary policies of the U.S. Government; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and investments; the effects of any pandemic, including COVID-19; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company’s filings with the Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website, .

The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above or other factors could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically disclaims any obligation to publicly release the results of any revisions, which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

About Community First Bancshares, Inc.

The Company is a federal corporation based in Covington, Georgia. The Company’s banking subsidiary, Newton Federal Bank, opened in 1928 and currently operates a full-service office in Atlanta, Georgia, two full-service offices in Covington, Georgia, a loan production office in Braselton, Georgia, and a loan production office serving the Alpharetta and Cumming, Georgia markets.

View source version on businesswire.com:

CONTACT: Edward J. Cooney

Chief Executive Officer

(678) 742-9990

KEYWORD: GEORGIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Community First Bancshares, Inc.

Copyright Business Wire 2021.

PUB: 01/13/2021 09:00 AM/DISC: 01/13/2021 09:01 AM

http://www.businesswire.com/news/home/20210113005110/en

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Online - Georgia News, AP Business Wire - Georgia, AP Business - Industries, AP Business - Financial Services
© Copyright 2021 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US COVID-19 deaths hit another one-day high at over 4,300
Coronavirus deaths in the U.S. have hit another one-day high at over 4,300 with the country’s attention focused largely on the fallout from the deadly uprising at the Capitol
8:56AM ( 10 minutes ago )
Trump's Republican wall eroding ahead of impeachment vote
The wall of Republican support that has enabled President Donald Trump to weather a seemingly endless series of crises is beginning to erode
8:54AM ( 11 minutes ago )
Trump on verge of 2nd impeachment after Capitol siege
President Donald Trump is on the verge of being impeached for a second time
8:48AM ( 17 minutes ago )
Associated Press (AP)
China's 2020 auto sales fall for third year amid coronavirus
An industry group says China’s sales of SUVs, minivans and sedans fell for a third year in 2020 as the coronavirus hurt already weak demand in the industry’s top global market
8:19AM ( 46 minutes ago )
Large trial opens for Italy's other mob group, 'ndrangheta
A large trial has opened in southern Italy against the ‘ndrangheta crime syndicate, arguably the world’s richest criminal organization that quietly amassed power in Italy as the Sicilian Mafia lost its influence
8:18AM ( 47 minutes ago )
Japan widens virus emergency to 7 more areas as cases surge
Japan is expanding a coronavirus state of emergency to seven more prefectures, affecting more than half the population as infections spread across the country
8:16AM ( 49 minutes ago )
AP Business
Visa, Plaid call off merger following antitrust pressure
Visa Inc. has called off its planned $5.3 billion purchase of payment processing technology company Plaid, citing the Department of Justice’s antitrust lawsuit filed last year to block the deal
6:22PM ( 14 hours ago )
5 CES Trends to Watch
CES, the annual gadget show that showcases the buzziest and brightest tech, looks different this year — less Vegas glitz, more internet efficiency
5:48PM ( 15 hours ago )
Emmert: NCAA still expecting to get pay issue done in '21
NCAA President Mark Emmert says he is disappointed with the delay in moving ahead with proposals surrounding athletes’ ability to make money and to transfer to another school without having to sit out a year of competition
2:17PM ( 18 hours ago )
AP Business - Corporate News
Georgia could take back vaccine from slow-moving providers
Georgia Gov. Brian Kemp is again urging patience among people waiting to be vaccinated against the coronavirus even as he threatens to take vaccines away from large hospital systems that his administration says aren’t moving fast enough to administer the shots
7:29PM ( 13 hours ago )
Masters plans for a limited number of spectators in April
Augusta National plans to have cheers, but maybe not roars at the Masters in April
6:06PM ( 15 hours ago )
Supreme Court wrestles with Georgia college free speech case
The Supreme Court is weighing whether to revive a lawsuit brought by a Georgia college student who sued school officials after being prevented from distributing Christian literature on campus
2:33PM ( 18 hours ago )
AP Online - Georgia News
AP Business Wire - Georgia
Official: Africa secures close to 300 million vaccine doses
The African Union has secured close to 300 million COVID-19 vaccine doses in the largest such agreement yet for Africa
11:29PM ( 9 hours ago )
As pandemic worsens, most US states resist restrictions
As the U.S. finds itself in the most lethal phase of the coronavirus outbreak yet, governors and local officials in hard-hit parts of the country are showing little willingness to impose any new restrictions on businesses to stop the spread
7:14PM ( 13 hours ago )
Stocks notch gains on Wall Street; Treasury yields climb
Stocks shook off a midday slide and ended broadly higher on Wall Street
4:50PM ( 16 hours ago )
AP Business - Industries
US terror designation for Yemen rebels raises famine fears
The Trump administration’s out-the-door decision to designate Yemen’s Iranian-backed rebels as a terror organization has sparked confusion in aid agencies
9:26PM ( 1 day ago )
Aid agencies fear impact in Yemen after US terror decision
Aid agencies warn of a devastating impact on the humanitarian effort in Yemen from the U.S. decision to designate Iranian-backed rebels there as terrorists
2:38PM ( 1 day ago )
Chunky bootmaker Dr. Martens to sell shares to public
The maker of Dr. Martens boots, the chunky-soled footwear favored by celebrities like Rihanna and Kristen Stewart, plans to sell shares to the public as the existing owners seek to profit from growth of the iconic brand
9:22AM ( 1 day ago )
AP Business - Financial Services
US COVID-19 deaths hit another one-day high at over 4,300
Coronavirus deaths in the U.S. have hit another one-day high at over 4,300 with the country’s attention focused largely on the fallout from the deadly uprising at the Capitol
8:56AM ( 10 minutes ago )
Trump's Republican wall eroding ahead of impeachment vote
The wall of Republican support that has enabled President Donald Trump to weather a seemingly endless series of crises is beginning to erode
8:54AM ( 11 minutes ago )
The Latest: GOP lawmaker expects more Republicans to impeach
Republican Rep. Adam Kinzinger is predicting more Republicans will join him in voting to impeach President Donald Trump
8:34AM ( 31 minutes ago )
The Latest: California lifts some stay-at-home orders
California is lifting a stay-at-home order for 13 northern counties because of improving hospital conditions but most of the state’s population remains under tight restrictions because of the deadly coronavirus surge
8:29AM ( 36 minutes ago )
EU court opinion leaves Facebook more exposed over privacy
An adviser to the European Union’s top court says any EU country’s privacy watchdog can take legal action against companies like Facebook over cross-border violations of the bloc’s strict privacy rules, not just the company’s lead regulator
8:24AM ( 42 minutes ago )