CORPORATE PROFILE
Community First Bancshares, Inc. is the parent organization for Newton
Federal Bank. Community First Bancshares, Inc. was formed in 2017 as part of Newton Federal Bank’s
mutual holding company reorganization. Community First Bancshares MHC is the mutual holding company-
parent of Community First Bancshares, Inc., and owns 54% of Community First Bancshares, Inc.’s
common stock. The corporate headquarters is located in Covington, Georgia.
Prior to the reorganization, Newton Federal Bank operated as a federally chartered mutual savings
association headquartered in Covington, Georgia. Newton Federal Bank was originally chartered in
1928 as a Georgia-chartered mutual building and loan association under the name Newton County
Building and Loan Association. In 1947, we changed our name to “Newton Federal Savings and Loan
Association.” In 2004 we changed our name to “Newton Federal Bank.”