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Fidelity Bankshares, Inc. Announces Quarterly Dividend

    WEST PALM BEACH, Fla., Sept. 22 /PRNewswire-FirstCall/ -- Vince A.
Elhilow, President of Fidelity Bankshares, Inc. (Nasdaq: FFFL), announced that
the Company's Board of Directors approved the payment of a quarterly cash
dividend of $.08 per share on the Company's common stock to its stockholders.
The dividend will be paid to stockholders of record on September 30, 2005 and
will be distributed on October 14, 2005.

    Fidelity Bankshares, Inc. operates Fidelity Federal Bank & Trust. The
Bank, based in West Palm Beach, has assets of $4 billion and 48 branch offices
in Palm Beach, Martin and St. Lucie counties.

     Contact:   Vince A. Elhilow, President and Chief Executive Officer
                Richard D. Aldred, Chief Financial Officer
                (561) 803-9900


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
    CONTACT:
    Vince A. Elhilow, President and Chief
    Executive Officer, or Richard D. Aldred, Chief Financial Officer,
    +1-561-803-9900, both of Fidelity Bankshares