WEST PALM BEACH, Fla., March 27 /PRNewswire/ -- Fidelity Bankshares, Inc.
(Nasdaq: FFFL), said today that Fidelity Federal, the company's wholly owned
banking subsidiary, has opened its 12th new branch in the past 14 months.
Vince A. Elhilow, president and CEO of Fidelity Bankshares and Fidelity
Federal, said, "Since January 1999 we've expanded our number of branches from
22 to 34. This aggressive growth is an integral part of our strategy to bring
our growing range of bank and trust services closer to where our customers
live and work. We are gratified by the excellent response that we have
received. All of the new branches are on or ahead of schedule in terms of
deposit growth and customers served and this is already positively impacting
our financial results."
The new branch is located at 16120 Jog Road in Delray Beach. This is the
bank's 34th office and its 28th in fast-growing Palm Beach County. The new
office, which includes three drive-in lanes and a drive-up automatic teller
machine, offers full service banking including consumer and mortgage lending
and safe deposit services as well as insurance and financial 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 at 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
Company News On-Call:
http://www.prnewswire.com/comp/281429.html or fax,
800-758-5804, ext. 281429
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, Hawk
Associates, Inc., 305-852-2383
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