CHICAGO, June 26 /PRNewswire-FirstCall/ --
Fidelity Bancorp, Inc. (Nasdaq: FBCI), the parent company of Fidelity Federal
Savings Bank, announced the declaration of a special dividend of $0.05 per
share, payable July 14, 2003, to stockholders of record as of July 7, 2003.
The dividend was declared in anticipation of the previously announced merger
transaction between MAF Bancorp, Inc. and the Company. The stockholders of
the Company are scheduled to consider the approval of the transaction with MAF
at a special stockholders meeting to be held on July 16, 2003. The merger
agreement provides for stockholders of the Company to receive 0.89 shares of
MAF common stock for each share of Fidelity Bancorp common stock that they
own. Assuming the merger transaction closes as currently expected in mid- to
late-July, 2003, Fidelity holders receiving MAF stock in the merger who
continue to hold those shares will be eligible to receive dividends declared
by MAF after the closing of the merger transaction.
This document contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 with respect to plans,
objectives, future performance and business of the Company. Forward-looking
statements, which may be based upon beliefs, expectations and assumptions of
the Company's management and on information currently available to management,
are generally identifiable by the use of words such as "believe," "expect,"
"anticipate," "plan," "intend," "estimate," "may," "will," "would," "could,"
"should" or other similar expressions. Additionally, all statements in this
document, including forward-looking statements, speak only as of the date they
are made, and the Company undertakes no obligation to update any statement in
light of new information or future events.
A number of factors, many of which are beyond the ability of the Company
to control or predict, could cause actual results to differ materially from
those in its forward-looking statements. These factors include, among others,
the following: (i) unanticipated delay in the date of the special stockholders
meeting or failure to obtain stockholder approval of MAF's proposed
acquisition of Fidelity; (ii) unexpected difficulty or delay in consummation
of the pending merger transaction; or (iii) a material adverse change in
either Fidelity's or MAF's business, results of operations, financial
condition or prospects which could interfere with consummation of the merger
transaction. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such
statements. Additional information concerning the Company and its business,
including additional factors that could materially affect the Company's
financial results, is included in the Company's filings with the Securities
and Exchange Commission.
SOURCE Fidelity Bancorp, Inc.
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CONTACT:
Raymond S. Stolarczyk, Chairman & CEO, Thomas
E. Bentel, President & COO, or Elizabeth A. Doolan, Sr. Vice
President & CFO, all of Fidelity Bancorp, Inc., +1-773-736-4414
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