WEST PALM BEACH, Fla., Feb. 28 /PRNewswire/ -- Fidelity Federal Savings
Bank of Florida, a subsidiary of Fidelity Bankshares, Inc. (Nasdaq: FFFL),
announced today that it is changing its name to Fidelity Federal Bank & Trust
effective March 1, 2000.
The name change reflects the bank's recent addition of financial services,
including Fidelity Insurance, the bank's wholly owned insurance and financial
services subsidiary, and the opening of the bank's new Trust Division.
Fidelity Federal also has recently enhanced its business and personal deposit
and lending services well beyond the scope of a traditional savings bank.
President Vince Elhilow said, "With the steady improvements and expansion
of services for our customers, we are no longer just a savings bank. Fidelity
Federal is now a full-service bank offering personal and business deposits,
lending, insurance, and trust services. With this change, we're letting our
customers and community know that we can now serve all their financial needs."
Fidelity Federal began operation in 1952 as West Palm Beach Federal
Savings and Loan. In 1966, the name changed to Fidelity Federal Savings and
Loan of West Palm Beach, and in 1983 to Fidelity Federal Savings Bank of
Florida. Each name change was made in step with enhanced products and
services and locations made available to the community.
Fidelity Federal is the wholly owned subsidiary of Fidelity Bankshares,
Inc. Fidelity Federal, with $1.7 billion in assets, operates 33 branches in
Palm Beach, Martin and St. Lucie counties.
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 website
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 website: http://www.hawkassociates.com.
SOURCE Fidelity Bankshares, Inc.
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Related links:
http://www.fidfed.com
CONTACT:
Vince A. Elhilow, President and Richard D.
Aldred, CEO or 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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