WEST PALM BEACH, Fla., Oct. 27 /PRNewswire-FirstCall/ -- Fidelity
Bankshares, Inc. (Nasdaq: FFFL), the holding company for Fidelity Federal Bank
& Trust, said today that 21 of its 48 offices in South Florida were open and
operating as of mid-day Thursday.
Executive Vice President and Banking Operations Manager Robert Fugate, who
is responsible for the bank's branch operations, said, "We're making
significant progress toward resuming normal operations in the wake of
Hurricane Wilma. We now have at least one branch open in each of our regions
so customers who need service don't have to drive too far. We continue to be
dependent on the availability of power and we're working as quickly as
possible to restore all 48 offices."
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.fidfed.com
http://www.fidelityfederal.com
CONTACT:
Chairman and CEO Vince A. Elhilow or Chief
Financial Officer Richard D. Aldred, both of Fidelity Bankshares,
+1-561-803-9900; or Frank Hawkins or Julie Marshall, both of Hawk
Associates, Inc., +1-305-451-1888, info@hawkassociates.com, for
Fidelity Bankshares
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