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Fidelity Bankshares, Inc. Announces Quarterly Dividend

    WEST PALM BEACH, Fla., June 19 /PRNewswire/ -- Vince A. Elhilow, President
of Fidelity Bankshares, Inc. (Nasdaq: FFFL), announced today that the
Company's Board of Directors approved the payment of a quarterly cash dividend
of $.10 per share on the Company's common stock to its stockholders.  The
dividend will be paid to stockholders of record on June 30, 2001 and will be
distributed on July 13, 2001.
    Fidelity Bankshares, Inc. operates Fidelity Federal Bank & Trust.  The
Bank, based in West Palm Beach, has assets of $2.0 billion and 37 offices in
Palm Beach, Martin and St. Lucie counties.



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 Chief
    Executive Officer, or Richard D. Aldred, Chief Financial Officer,
    both of Fidelity Bankshares, 561-659-9900