CHICAGO, Nov. 18 /PRNewswire/ -- Fidelity Bancorp, Inc. (Nasdaq: FBCI),
the parent company of Fidelity Federal Savings Bank, today announced it plans
to repurchase up to 240,000 shares, or 10 percent of its common stock. The
company reported that the repurchase plan has been authorized by its Board of
Directors and will begin November 23, 1998. The repurchase of the company's
stock will be made in open market transactions, subject to availability of its
stock.
"We view this latest repurchase plan as part of an ongoing strategy to
build value for Fidelity Bancorp's stockholders," said Raymond S. Stolarczyk,
chairman and chief executive officer.
The company completed its eighth stock repurchase plan on November 10,
1998. Ten percent, or 270,000 shares were repurchased.
Fidelity Bancorp, Inc. is the holding company for Fidelity Federal Savings
Bank, which provides retail banking services through five full-service
locations in Chicago and its suburbs. Established in 1906, the bank is
primarily in the business of attracting retail deposits from the general
public and investing those funds in mortgages and consumer loans. Fidelity's
stock is traded on The Nasdaq Stock Market under the symbol "FBCI."
Fidelity Bancorp Inc.'s news releases are available through PR Newswire's
Company News On-Call fax service. For a menu of Fidelity Bancorp's news
releases, or to receive a specific release, call 800-758-5804, ext. 107861,
or visit http://www.prnewswire.com on the Internet. The company's SEC filings are
available electronically on the Internet at http://www.sec.gov/cgi-bin/srch-
edgar?0000912219.
SOURCE Fidelity Bancorp, Inc.
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Company News On-Call:
http://www.prnewswire.com/comp/107861.html or fax,
800-758-5804, ext. 107861
CONTACT:
Raymond S. Stolarczyk, Chairman & CEO, Thomas
E. Bentel, President & COO, or Jim Kinney, Sr. VP & CFO, all of
Fidelity Bancorp, Inc., 773-736-4414
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