Notice of Application to Convert a Mutual Holding

NOTICE OF APPLICATION TO CONVERT A MUTUAL HOLDING COMPANY FROM MUTUAL TO STOCK FORM AND APPLICATION TO ACQUIRE A SAVINGS BANK Community First Bancshares, MHC, Covington, Georgia, the mutual holding company parent of Newton Federal Bank, Covington, Georgia, has applied to the Board of Governors of the Federal Reserve System (the "Board") to convert from the mutual to the stock form of organization. Pursuant to the Plan of Conversion, which has been adopted by a vote of at least two-thirds of the directors of Community First Bancshares, MHC, each of Community First Bancshares, MHC and Community First Bancshares, Inc., an existing federal mid-tier corporation, will cease to exist and Newton Federal Bank will become a wholly-owned subsidiary of Affinity Bancshares, Inc., Covington, Georgia, a Maryland corporation, which will offer for sale shares of its common stock to depositors of Newton Federal Bank and others in a subscription and community offering. As part of the conversion, each share of common stock of Community First Bancshares, Inc., the federal mid-tier corporation, held by persons other than Community First Bancshares, MHC will be converted into and become the right to receive a number of shares of common stock of Affinity Bancshares, Inc., the Maryland corporation, pursuant to an exchange ratio established at the time of conversion. In addition, Affinity Bancshares, Inc., the Maryland corporation, has filed with the Board, on or about September 11, 2020, an application to acquire control of Newton Federal Bank pursuant to 12 C.F.R. Section 238.11 of the regulations of the Board. All of the branches of Newton Federal Bank will continue to operate after the acquisition. The Board considers a number of factors in deciding whether to approve the applications, including the record of performance of banks we own in helping to meet the convenience and needs of their communities. You are invited to submit comments in writing on the applications to the Federal Reserve Bank of Atlanta, 1000 Peachtree Street N.E., Atlanta, Georgia 30309, or via email: Applications.Comments@atl.frb.org. The comment period will not end before October 27, 2020, and may be somewhat longer. The Board's procedures for processing applications may be found at 12 C.F.R. Part 262. Procedures for processing protested applications may be found at 12 C.F.R. 262.25. To obtain a copy of the Board's procedures, or if you need more information about how to submit your comments on the applications, contact Kathryn Haney, Assistant Vice President at (404) 498-7298. The Board will consider your comments and any request for a public meeting or formal hearing on the applications if they are received in writing by the Federal Reserve Bank of Atlanta on or before the last day of the comment period. 9/27/20