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Fidelity Bankshares, Inc. Announces Quarterly Dividend

    WEST PALM BEACH, Fla., Jan. 9 /PRNewswire-FirstCall/ -- Fidelity
Bankshares, Inc. (Nasdaq: FFFL), the holding company for Fidelity Federal Bank
& Trust, announced today that the company's board of directors approved the
payment of a quarterly cash dividend of $0.08 per share on the company's
common stock to its stockholders. The dividend will be paid to stockholders of
record on January 19, 2006 and will be distributed on January 27, 2006.

    At Sept. 30, 2005, Fidelity Bankshares, Inc., through its subsidiary
Fidelity Federal Bank & Trust, had assets of $3.94 billion and deposits of
$3.32 billion and operates in Florida through 48 offices in Palm Beach, Martin
and St. Lucie counties.

    An investment profile on Fidelity Bankshares may be found on
http://www.hawkassociates.com/fffl/profile.htm .

    For more information, contact Chairman and CEO Vince A. Elhilow or Chief
Financial Officer Richard D. Aldred at (561) 803-9900, or Frank Hawkins or
Julie Marshall, Hawk Associates, Inc., at (305) 451-1888, e-mail:
info@hawkassociates.com . Information about Fidelity Bankshares, Inc. can be
found on http://www.fidelityfederal.com . Fidelity Bankshares press releases,
SEC filings, current price quotes, stock charts and other valuable information
for investors may be found on http://www.hawkassociates.com .


SOURCE Fidelity Bankshares, Inc.




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Related links:
  • http://www.fidelityfederal.com
  • http://www.hawkassociates.com/fffl/profile.htm
  • http://www.hawkassociates.com
    CONTACT:
    Vince A. Elhilow, Chairman and CEO, or
    Richard D. Aldred, Chief Financial Officer, both of Fidelity
    Bankshares, Inc., +1-561-803-9900; or Frank Hawkins or Julie
    Marshall, both of Hawk Associates, Inc., +1-305-451-1888, or
    info@hawkassociates.com, for Fidelity Bankshares, Inc.