WEST PALM BEACH, Fla., Oct. 31 /PRNewswire-FirstCall/ -- Fidelity
Bankshares, Inc. (Nasdaq: FFFL), the holding company for Fidelity Federal Bank
& Trust, reported today that 41 of its 48 offices in South Florida are open
and operating as of mid-day Monday.
Executive Vice President and Banking Operations Manager Robert Fugate, who
is responsible for the bank's branch operations, said, "We made significant
progress opening branches over the weekend as the power became available in
regions affected by Hurricane Wilma. We hope to be fully operational at all
locations within the week."
Fidelity has at least one branch open in each of its regions. None of its
buildings were significantly damaged in the hurricane.
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.hawkassociates.com/fffl/profile.htm
http://www.hawkassociates.com
CONTACT:
Vince A. Elhilow, Chairman and CEO, or
Richard D. Aldred, Chief Financial Officer, +1-561-803-9900, both
of Fidelity Bankshares, Inc.; or Frank Hawkins or Julie Marshall,
Hawk Associates, Inc., +1-305-451-1888, or
info@hawkassociates.com, for Fidelity Bankshares, Inc.
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