WEST PALM BEACH, Fla., Dec. 7 /PRNewswire-FirstCall/ -- Fidelity
Bankshares, Inc. (Nasdaq: FFFL), the holding company for Fidelity Federal Bank
& Trust, announced today that it will be listed on the Standard & Poor's
SmallCap 600 Index.
Standard & Poor's said Fidelity will replace Capital Automotive REIT in
the S&P SmallCap 600 at close of trading on Thursday, Dec. 15.
The S&P SmallCap 600 Index invests in a basket of small cap equities. A
small cap company is generally defined as a stock with a market capitalization
between $300 million and $2 billion. The index was introduced in 1994 in an
effort to represent a smaller segment of the market than the S&P MidCap
400 Index. The index's current holdings range in size from $60 million to more
than $3 billion, with the average company market cap of approximately
$750 million. Fidelity currently has a market cap of $797.2 million.
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.
An investment profile on Fidelity Bankshares may be found on
http://www.hawkassociates.com/fffl/profile.htm .
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 .
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies, is the world's
foremost provider of independent credit ratings, indices, risk evaluation,
investment research and data. With approximately 6,300 employees located in
20 countries and markets, Standard & Poor's is an essential part of the
world's financial infrastructure and has played a leading role for more than
140 years in providing investors with the independent benchmarks they need to
feel more confident about their investment and financial decisions. For more
information, visit http://www.standardandpoors.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
http://www.hawkassociates.com/fffl/profile.htm
http://www.hawkassociates.com
http://www.standardandpoors.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, both of Hawk Associates, Inc., +1-305-451-1888, or
info@hawkassociates.com, for Fidelity Bankshares, Inc.
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