Flex HR works with companies to create custom, systematical plans to reduce risk and build value, giving businesses the best returns possible. RP Financial, LC. — CEO and Founder, Jim Cichanski. The pro forma company will be one of the 10-largest Georgia-based banks, by deposits, headquartered in the Atlanta MSA.Under the terms of the merger agreement, ABB shareholders will receive cash merger consideration of $7.50 for each share of ABB. System Updates. ‘Vijaya Bank Ulisi Horata Samithi’ President Dinesh Hegde Ulepady accused the Congress of staging a protest against the merger of Vijaya Bank for political gains. Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank. As a result of the closing of the Conversion, the Company is now […] Including consideration received by ABB option holders, the transaction is valued at approximately $40.3 million. © 2021 Newton Federal Bank. Our partnership will also contribute to attracting talented, Atlanta-area bankers to further our growth strategy and reward shareholders with strong performance.”“We are very excited to join the CFBI team,” said ABB Chief Executive Officer Ed Cooney. Together, we will leverage the combined resources and products to clients and prospects across our combined markets in furthering our shared objective of providing a superior banking solution for all stakeholders.”“This is a transformative event for the Newton Federal customers, employees and shareholders,” stated CFBI Chief Executive Officer Johnny Smith. Learn more about Flex HR and their team. Affinity has been offering superior financial services with a member oriented focus since 1935. First Priority Financial Corp. said the acquisition opens up the Berks County market to the company. The conversion will begin Friday, September 18th. Our Flex HR specialists serve thousands of different organizations, in countless industries, varying from a few to over 75,000 employees. Customers can open an account at one of its 0 Branches. Merger - Limited Liability Company (Domestic) Company AFFINITY BANK HOLDINGS LLC Filing Date 2000-03-01. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in assets, $465 million in deposits and $500 million in loans. Las Vegas-based Affinity Gaming is on the hunt for an acquisition. ABB also operates a loan production office in the fast-growing and affluent Cumming/Alpharetta, Georgia market.The merger will expand CFBI’s presence in the highly desirable Atlanta MSA and accelerates CFBI’s growth strategy following its mutual holding company reorganization and initial public offering in 2017. Investors and security holders may obtain a free copy of the merger proxy statement (when available) at ABB’s website at www.myaffinitybank.com. This identifies any weak points and risks that could put the company’s human capital in danger. The bank specializes in providing a full range of consumer and commercial banking products to individuals, small businesses and corporations. and should not be reproduced, published or disclosed to others without express written authorization of Flex HR, LLC. Personal Banking Business Banking Get the Latest P.P.P. HELPFUL TIPS FOR MANAGING THE CORONAVIRUS COVID-19 IMPACT ON YOUR BUSINESS, Significant Human Resources Alterations in Store Under Biden Administration, Flex HR Research Quick Glance: The Latest in Coronavirus Regulations for Employees, Do You Want a Job or a Career & How to Get It – Webinar by Barry Flink, Flex HR, Inc. Inducted Into The Johns Creek Business Hall Of Fame, Flex HR & Jim Cichanski chosen by Business Sight’s ‘Visionary Leaders at Forefront of Entrepreneurship 2020’. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger … An early driver of MBNA's growth was the creation of "affinity cards" in 1983. Sep 03, 2002 Institution established: Original name: United Commercial Bank. Effective Sept. 1, 2017, the merger will create new opportunities to deliver expanded products, services and cutting-edge technology to more than 140,000 members across New Jersey, New York … ABB is headquartered in Atlanta, less than one mile from The Battery, the dynamic neighborhood that includes SunTrust Park, home of the Atlanta Braves. According to The Covington News, “[this] makes one of the 10 largest Georgia-based banks, by deposits, to have headquarters in metro Atlanta.”. Often times when a company is about to undergo a merger & acquisition it’s necessary to have a human resources audit and due diligence review. Affinity Bancshares, Inc. (the Company) announced today that Community First Bancshares, MHC (the MHC) has completed its conversion from the mutual holding company to the stock holding company form of organization (the Conversion), and the Company has completed its related stock offering. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in assets, $465 million in deposits and $500 million in loans. A statement to the markets from the board of newly formed Clarion Housing Group announced that it has successfully concluded the merger of Affinity Sutton Group and Circle Housing Group, following the transfer of engagements of Circle Anglia - the parent company of Circle Housing Group - to Affinity Sutton Group. “I founded Flex HR in 2001 by asking ‘What keeps business owners up at night?’ In brief, the answer is most companies don’t receive the quality of HR service that they should.” These are on top of the £38m merger savings anticipated in the new group, it said. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in … [this] makes one of the 10 largest Georgia-based banks, by deposits, to have headquarters in metro Atlanta. Affinity Bank, Los Padres Bank and Trust Bank of San Luis Obispo failed, wiping out stockholders. Portions Copyright © Kasasa, Ltd. All rights reserved. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in assets, $465 million in deposits and $500 million in loans. Forward-looking statements represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger in August to warrant a seamless transition. Affinity Bank Atlanta-Based Flex HR, Inc. Partners with Newton Federal Bank and Affinity Bank in Merger. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements.Factors that could cause or contribute to such differences include, but are not limited to, the possibility that expected benefits may not materialize in the time frames expected or at all, or may be more costly to achieve; that the merger may not be timely completed, if at all; that prior to completion of the merger or thereafter, the parties’ respective businesses may not perform as expected due to transaction-related uncertainties or other factors; that the parties are unable to implement successful integration strategies; that the required regulatory, shareholder, or other closing conditions are not satisfied in a timely manner, or at all; reputational risks and the reaction of the parties’ customers to the merger; diversion of management time to merger-related issues; and other factors and risk influences. Overview of 2020 Conversion. COVINGTON, Ga. -- (BUSINESS WIRE)-- Community First Bancshares, Inc. (NASDAQ: CFBI) (“CFBI”), the parent company of Newton Federal Bank, announced today that it … Their comprehensive offering includes high-level strategic consulting and planning, HR back office administration, regulatory compliance, organizational development, benefit solutions, mergers, recruiting, training, payroll, employee websites, ethics hotline and administration, risk management, and human capital consulting and outsourcing, to name a few. According to The Covington News, “[this] makes one of the 10 largest Georgia-based banks, by deposits, to have headquarters in metro Atlanta.” Moving forward Affinity Bank will operate as a division of Newton Federal bank, with Ed Cooney as the CEO, and headquarters remaining in Covington. Basking Ridge, N.J. (September 5, 2017) – Affinity Federal Credit Union (Affinity) announces its merger with NEA Federal Credit Union establishing one of the largest, continually evolving credit unions in the northeast. Additional information about the company and the bank’s products and services can be found at www.newtonfederal.com.About ABB Financial Group, Inc.ABB Financial Group, Inc. is the parent company of Affinity Bank. Consequently, no forward-looking statement can be guaranteed. Affinity Bank will merge into Newton Federal Bank. Affinity Bank was founded in April 2003 by Ehrlich, formerly with Reading-based Main Street Bancorp Inc., and a group of local investors. Affinity Bank of Pennsylvania Customer Reviews, Frequently Asked Questions, Rates, Branches, Related Articles, and Financial Summary - 2021 This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities to be issued in connection with the proposed merger.In connection with the proposed merger, ABB will send a proxy statement to its shareholders, as well as other relevant documents concerning the proposed merger. Cities, states and areas where we provide HR support. Affinity Bank will merge into Newton Federal Bank. Other locations include the Atlanta area, Alpharetta and Cumming. A Malvern company has acquired Affinity Bank of Pennsylvania in Wyomissing. Atlanta-Based Flex HR, Inc. Partners with Newton Federal Bank and Affinity Bank in Merger. Together, we believe the strengths are enhanced and the weaknesses are diminished. Flex HR serves almost every industry in all 50 states, including Georgia, Florida, California, North Carolina, and Tennessee, as well as Puerto Rico, the Virgin Islands, Canada and Europe supporting U.S. subsidiaries of foreign owned companies. ... "The merger is going to create a more competitive bank," Ehrlich said. Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank. Neither CFBI nor ABB undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.ADDITIONAL INFORMATIONThis press release is not a solicitation of any vote or approval of the CFBI or ABB shareholders and is not a substitute for the proxy statement or any other documents which ABB may send to its shareholders in connection with the proposed merger. Sep 28, 2010 Changed name to Affinity Bank. The merger between Gaming & Hospitality Acquisition with Affinity Gaming is the latest SPAC merger within the gambling industry, following on the footsteps of companies like DraftKings and Golden Nugget … Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger in August to warrant a seamless transition. Affinity Bank of Pennsylvania is an FDIC insured bank located in Wyomissing and has 174717 in assets. I’ve known CFBI CEO Johnny Smith for a long time and look forward to working with him and his team. Flex HR, Inc. is located in the Atlanta, GA metro area of Johns Creek and is a full service, Human Resources firm, supporting any and all HR management functions. BEFORE MAKING ANY VOTING DECISION, SHAREHOLDERS OF ABB ARE URGED TO CAREFULLY READ THE ENTIRE MERGER PROXY STATEMENT REGARDING THE PROPOSED MERGER WHEN IT BECOMES AVAILABLE, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. They customize plans for each client, letting you choose only the services you need as your business evolves. It also enhances CFBI’s commercial banking capabilities and adds an affluent dental clientele that has spurred ABB’s growth over the last several years. Small Business Administration (SBA) Loans, FDIC’s Electronic Deposit Insurance Estimator. They offer many levels of services including HR consulting, outsourcing (HRO), compliance, recruiting & talent acquisition, training & development, and onboarding administration. Here are the details of the System Updates, and please be sure to take note of times, dates, and actions. and COVID Notices from Your Affinity Bank Team 2021 PPP Notices COVID-19 Notices SBA Officially Opens 2021 PPP We are Accepting Applications: Get the List of Documents Needed. MBNA was founded in 1982 as Maryland Bank, N.A. “ABB brings an attractive customer base and an energetic banking team that, combined with our wonderful team at Newton Federal Bank, will offer a best-of-class banking experience for current and prospective customers. The contents of this website are confidential to Flex HR, LLC. Affinity Bank is upgrading digital banking and debit cards systems to better serve our clients with more consistent service. Affinity Bank will merge into Newton Federal Bank. Last updated July 2 2015, 7.49PM (over 5 years ago) Under the agreement, Affinity will become a division of First Priority Bank, however all of the Berks County market activities will continue to be branded and marketed under the Affinity name. Smith will be the president of the company and the bank as Affinity merges into Newton Federal. N&P will retain its own brand and Yorkshire has committed to retaining the strong links N&P has with its local communities and to supporting charities and good causes in the east of England through charitable giving, employee volunteering and affinity partnerships. Johnny Smith of CFBI will remain President of CFBI and Newton Federal Bank and will continue to serve on the boards of both entities. Based on June 30, 2019 bank-level financials, and excluding merger accounting adjustments, the combined institution will have approximately $613 million in assets, $465 million in deposits and $500 million in loans. Led by Charles Cawley, MBNA opened its first office in a converted A&P (Great Atlantic & Pacific Tea Company) food supermarket in Ogletown, Delaware. Additionally, ABB’s preferred stock and trust preferred securities will be redeemed at the close of the transaction, and all accrued but unpaid dividends and interest will be paid on the preferred stock and trust preferred securities. Community First Bancshares, Inc. (NASDAQ: CFBI) (“CFBI”), the parent company of Newton Federal Bank, announced today that it has successfully completed its merger with ABB Financial Group, Inc. (“ABB”), parent company of Affinity Bank, effective the close of business on January 10, 2020. Flex HR delivers intelligent HR expertise allowing companies to concentrate on their internal resources to grow their core business. The transaction has been unanimously approved by the Boards of Directors of each company and is expected to close in the fourth quarter of 2019 or the first quarter of 2020. Of those N&P members who voted, 89.61% of savers and 87.22% of borrowers, voted in favour of the N&P to merge with the Yorkshire. provided a Fairness Opinion to ABB, and Miller & Martin, PLLC served as its legal advisor.About Community First Bancshares, Inc.Community First Bancshares, Inc. (NASDAQ: CFBI) is a federal corporation based in Covington, Georgia with $305 million in assets. Digital banking and debit cards systems to better serve our clients with more consistent service Bank... Countless industries, with company sizes varying from a few to over 75,000 employees need as your Business.! Established: Original name: United Commercial Bank choose only the services you need as Business! Of the £38m merger savings anticipated in the new group, it said and Newton Bank... Member oriented focus since 1935 remain president of CFBI will remain president of CFBI and Newton Bank... 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