Notes: January 18, 2021 -- Community First Bancshares, Inc. (the “Company”), the stock holding company of Newton Federal Bank (the “Bank”), announced today that it has received all required regulatory approvals for the conversion of Community First Bancshares, MHC (the “MHC”) from the mutual holding company to the stock holding company form of organization (the “Conversion”). The closing of the Conversion and the related subscription offering is expected to occur at the close of business on January 20, 2021, subject to customary closing conditions. The Company’s stock is expected to cease trading at the close of business on January 20, 2021. The stock of Affinity Bancshares, Inc. (“Affinity Bancshares”), a newly formed Maryland corporation that is the proposed successor holding company of the Bank, is expected to trade on the Nasdaq Capital Market under the trading symbol “AFBI” beginning on January 21, 2021. A total of 3,701,509 shares of common stock are expected to be sold in the subscription offering at a price of $10.00 per share. In addition, as part of the Conversion, each existing share of the Company’s common stock held by public stockholders other than the MHC will be converted into the right to receive 0.90686 shares of Affinity Bancshares common stock; cash will be paid in lieu of any fractional shares. Approximately 6,875,643 shares of Affinity Bancshares common stock are expected to be outstanding after the completion of the offering and the exchange, before taking into account adjustments for fractional shares.