WEST PALM BEACH, Fla., Oct. 26 /PRNewswire-FirstCall/ -- Fidelity
Bankshares, Inc. (Nasdaq: FFFL), the holding company for Fidelity Federal Bank
& Trust, said today that 14 of the company's 48 offices in South Florida were
open and operating as of the end of the day Wednesday.
Executive Vice President and Banking Operations Manager Robert Fugate, who
is responsible for the bank's branch operations, said, "Fortunately, there was
no significant damage to our infrastructure. We are opening our branches as
fast as power can be restored. The destructiveness of Hurricane Wilma in our
market area was extensive. We know this is a difficult time for our customers
and we are doing everything we can to help them. We will keep everyone posted
on our progress as we move to fully restore our operations and services."
An investment profile on Fidelity Bankshares may be found on
http://www.hawkassociates.com/fffl/profile.htm .
At Sept. 30, 2005, Fidelity Bankshares, Inc., through its subsidiary
Fidelity Federal Bank & Trust, had assets of $3.94 billion and deposits of
$3.32 billion and operates in Florida through 48 offices in Palm Beach, Martin
and St. Lucie counties.
For more information, contact Chairman and CEO Vince A. Elhilow or Chief
Financial Officer Richard D. Aldred at (561) 803-9900, or Frank Hawkins or
Julie Marshall, Hawk Associates, Inc., at (305) 451-1888, e-mail:
info@hawkassociates.com . Information about Fidelity Bankshares, Inc. can be
found on http://www.fidelityfederal.com . Copies of Fidelity Bankshares press
releases, SEC filings, current price quotes, stock charts and other valuable
information for investors may be found on http://www.hawkassociates.com .
Forward-Looking Statements: When used in this report, the words or phrases
"will likely result," "are expected to," "will continue," "is anticipated,"
"estimate," "project" or similar expressions are intended to identify
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements are subject to certain risks
and uncertainties, including, among other things, changes in economic
conditions in the company's market area, changes in policies by regulatory
agencies, fluctuations in interest rates, demand for loans in the company's
market area and competition that could cause actual results to differ
materially from historical earnings and those presently anticipated or
projected. The company wishes to caution readers not to place undue reliance
on any such forward-looking statements, which speak only as of the date made.
The company wishes to advise readers that the factors listed above could
affect the company's financial performance and could cause the company's
actual results for future periods to differ materially from any opinions or
statements expressed with respect to future periods in any current statements.
SOURCE Fidelity Bankshares, Inc.
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Related links:
http://www.fidelityfederal.com
CONTACT:
Vince A. Elhilow, Chairman and CEO, or
Richard D. Aldred, Chief Financial Officer, both of Fidelity
Bankshares, Inc., +1-561-803-9900, or Frank Hawkins or Julie
Marshall of Hawk Associates, Inc., +1-305-451-1888,
info@hawkassociates.com
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