Fidelity Federal Savings Bank Services Include Investment Management, Trust,
Estate Settlement and IRAs
WEST PALM BEACH, Fla., Feb. 1 /PRNewswire/ -- Fidelity Federal Savings
Bank of Florida, a subsidiary of Fidelity Bankshares, Inc. (Nasdaq: FFFL),
announced today that it has established a Trust Division to offer investment
management, trust, estate settlement, custodial and IRA services.
The announcement and commencement of operations came after the bank
received approval from the Office of Thrift Supervision.
The bank also announced that Douglas M. Brash has joined Fidelity Federal
as senior vice president and head of the Trust Division. Brash was formerly
president of the Trust Division of Island National Bank and Trust Company in
Palm Beach. "I am looking forward to being a part of Fidelity Federal's new
Trust Division. We are excited about the opportunity to bring additional
financial services to the customers of Fidelity Federal," Brash said. He said
he plans to continue with the level of individualized attention that clients
have come to expect from Fidelity Federal with an emphasis on personal service
and investment performance. Brash, who has 25 years of banking experience, is
a graduate of the University of Hartford.
Fidelity Federal President Vince Elhilow stated, "We are very pleased to
establish our Trust Division to further serve our customers and our community.
Fidelity Federal has always sought to serve our community by offering the
financial services the members of the community need and want."
The Trust Division will be located in Fidelity Federal's Downtown Office
on Datura Street in West Palm Beach. Fidelity Federal, with assets of $1.7
billion and 32 offices in Palm Beach, Martin and St. Lucie counties, has been
providing financial services to the community for nearly 50 years. The bank
offers traditional banking products as well as investment and insurance
services, a full line of mortgage and commercial loans including lines of
credit, SBA loans and business banking services.
For more information contact President and CEO Vince A. Elhilow or Chief
Financial Officer Richard D. Aldred at (561) 659-9900 or Frank Hawkins or
Julie Marshall, Hawk Associates, Inc. at (305) 852-2383. Email:
info@hawkassociates.com.
Information about Fidelity Bankshares, Inc. can be found on the web site
http://www.fidfed.com. Copies of Fidelity Bankshares press releases, SEC filings,
current price quotes, stock charts and other valuable information for
investors may be found on the web site: http://www.hawkassociates.com
SOURCE Fidelity Bankshares, Inc.
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CONTACT:
Vince A. Elhilow , President and CEO, or
Richard D. Aldred, Chief Financial Officer, both of Fidelity
Bankshares, Inc., 561-659-9900; or Frank Hawkins or Julie
Marshall, both of Hawk Associates, Inc., 305-852-2383, or e-mail,
info@hawkassociates.com
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