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.