Community First Bancshares completed the acquisition of ABB Financial Group.

Community First Bancshares, the parent company of Newton Federal Bank, completed the acquisition of ABB and its wholly owned bank subsidiary, Affinity Bank, in an all-cash $40.3m transaction. "This transaction marks an important milestone for Newton Federal Bank as we continue to position our organization as a premier Atlanta community bank. 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. Our partnership will also contribute to attracting talented, Atlanta-area bankers to further our growth strategy and reward shareholders with strong performance," Billy Fortson, Chairman of CFBI.