Community First Bancshares Inc. (Nasdaq: CFBI), the parent company of Newton Federal Bank, has agreed to buy the parent company of Affinity Bank, ABB Financial Group Inc., for $40.3 million.
“This transaction marks an important milestone for Newton Federal Bank as we continue to position our organization as a premier Atlanta community bank,” Billy Fortson, chairman of CFBI said in a statement. “Our partnership will also contribute to attracting talented, Atlanta-area bankers to further our…
