APCU/Center Parc Credit Union to acquire Affinity Bank

Atlanta Postal Credit Union, Georgia’s oldest credit union and the largest postal credit union in the United States, along with its community-based subsidiary, Center Parc Credit Union, and Affinity Bancshares, announced that APCU has entered into a definitive agreement pursuant to which the credit union will acquire Covington, Georgia-based Affinity Bank, National Association, a wholly-owned subsidiary of Affinity. The transaction is structured as a purchase and assumption agreement whereby APCU will acquire Affinity Bank by purchasing substantially all assets and assuming substantially all liabilities of Affinity Bank in an all-cash transaction. Once the acquisition is complete, APCU/Center Parc will continue to operate Affinity Bank’s locations in Newton County and Northwest Atlanta.