Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank.
ATLANTA, GA, February 04, 2020 /24-7PressRelease/ — Flex HR carried out another successful Merger and Acquisition by completing ABB Financial Group, Inc. (ABB), parent company of Affinity Bank, merging with Covington, GA-based Newton Federal Bank. Their specialized HR team of M&A experts has been working in the background since the preliminary announcement of the merger in August to warrant a seamless transition. HR professionals play a fundamental role to both sides of the merger & acquisition by facilitating and integrating the process to strategically plan for any legal issues that may arise, and then implement the growth strategy of the new endeavor.
According to The Covington News, “[this] makes one of the 10 largest Georgia-based banks, by deposits, to have headquarters in metro Atlanta.” Moving forward Affinity Bank will operate as a division of Newton Federal bank, with Ed Cooney as the CEO, and headquarters remaining in Covington. Other locations include the Atlanta area, Alpharetta and Cumming. Management is working hard to ensure all current customers are aware of any minimal and smooth changes and that their customer service is their number one priority.
Often times when a company is about to undergo a merger & acquisition it’s necessary to have a human resources audit and due diligence review. This identifies any weak points and risks that could put the company’s human capital in danger. Flex HR works with companies to create custom, systematical plans to reduce risk and build value, giving businesses the best returns possible.
“I founded Flex HR in 2001 by asking ‘What keeps business owners up at night?’ In brief, the answer is most companies don’t receive the quality of HR service that they should.”
— CEO and Founder, Jim Cichanski
Flex HR specialists serve thousands of different organizations, in countless industries, with company sizes varying from a few to over 75,000 employees. They offer many levels of services including HR consulting, outsourcing (HRO), compliance, recruiting & talent acquisition, training & development, and onboarding administration. Learn more about Flex HR and their team.
Flex HR, Inc. is located in the Atlanta, GA metro area of Johns Creek and is a full service, Human Resources firm, supporting any and all HR management functions. They customize plans for each client, letting you choose only the services you need as your business evolves. Their comprehensive offering includes high-level strategic consulting and planning, HR back office administration, regulatory compliance, organizational development, benefit solutions, mergers, recruiting, training, payroll, employee websites, ethics hotline and administration, risk management, and human capital consulting and outsourcing, to name a few. Flex HR delivers intelligent HR expertise allowing companies to concentrate on their internal resources to grow their core business.
The variety of HR products and consulting services enables Flex HR to provide organizations with a solution to receiving the right HR assistance when they need it, without investing in a full-time headcount. Flex HR enhances, or takes the place of your company’s Human Resource functions so that you gain advantages you cannot obtain on your own. The heart of our solutions engine is our HR knowledge and proficiency emerging from our decades of Human Resources experience.
Flex HR serves almost every industry in all 50 states, including Georgia, Florida, California, North Carolina, and Tennessee, as well as Puerto Rico, the Virgin Islands, Canada and Europe supporting U.S. subsidiaries of foreign owned companies.
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