December 14, 2017 5:56 AM ET

Banks

Company Overview of The Fidelity Deposit and Discount Bank

Company Overview

The Fidelity Deposit and Discount Bank provides banking products and services. It offers personal home equity loans, financial planning, online banking, green team savings accounts, certificates of deposit and IRAs, checking accounts, and savings/money market accounts; business savings and money market accounts, checking accounts, certificates of deposit, cash management, financial planning, government banking, and merchant services; and mortgage center services. The company was founded in 1902 and is headquartered in Dunmore, Pennsylvania with additional offices in Clarks Summit, Scranton, Kingston, Moosic, Peckville, West Pittston, Olyphant, Avoca, and Pittston, Pennsylvania. The Fidelity ...

101 North Blakely Street

Dunmore, PA 18512

United States

Founded in 1902

Phone:

570-348-4358

Fax:

570-342-8281

Key Executives for The Fidelity Deposit and Discount Bank

Chief Executive Officer, President and Director
Age: 51
CFO, EVP, Treasurer, CFO of Fidelity D & D Bancorp, Inc. & Treasurer of Fidelity D & D Bancorp, Inc.
Age: 47
Chief Operating Officer, Executive Vice President and Director
Age: 52
Chief Business Development Officer and Executive Vice President
Age: 51
Vice President and Marketing & Sales Director
Compensation as of Fiscal Year 2017.

The Fidelity Deposit and Discount Bank Key Developments

The Fidelity Deposit and Discount Bank Declares Common Dividend for the Fourth Quarter and Bonus Dividend for 2017, Payable on December 8, 2017

The Fidelity Deposit and Discount Bank announced the declaration of the fourth quarter dividend of $0.24 per share plus a 2017 bonus dividend of $0.02 per share. The quarterly dividend of $0.24 per share increased 24%, or $0.05 per share, when compared to the previous year $0.19 per share. The total cash dividend of $0.26 per share is payable December 8, 2017 to shareholders of record at the close of business on November 20, 2017.

The Fidelity Deposit and Discount Bank Appoints Eugene J. Walsh as Executive Vice President and Chief Operating Officer

On March 29, 2017, The Fidelity Deposit and Discount Bank entered into an employment agreement with Eugene J. Walsh, under which Walsh will serve as Executive Vice President and Chief Operating Officer of the Bank, and in such other capacities as the Bank direct.

The Fidelity Deposit and Discount Bank Names Eugene J. Walsh Executive as Vice President to Chief Operating Officer from Chief Credit and Risk Officer

On May 3, 2016, The Board of Directors of Fidelity D & D Bancorp Inc. named Eugene J. Walsh as Vice President and Chief Operating Officer of the Company and the Board of Directors, of its wholly owned subsidiary, Fidelity Deposit and Discount Bank (the Bank) promoted Eugene J. Walsh, Executive Vice President to Chief Operating Officer from Chief Credit and Risk Officer of the Bank. Mr. Walsh, was previously Executive Vice President and Chief Risk and Credit Officer of the Bank beginning in March 2014.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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