Question 1

What is The Fidelity Deposit and Discount Bank?

Accepted Answer

The Fidelity Deposit and Discount Bank is a community-focused commercial bank headquartered in Dunmore, Pennsylvania. Operating as a state-chartered, FDIC-insured institution, the bank specializes in commercial lending and serves individuals, businesses, and non-profit organizations throughout Northeastern Pennsylvania.

With over $2.7 billion in assets and 23 branch locations, Fidelity Bank provides comprehensive financial solutions built on more than a century of trust and local market knowledge. The bank operates as a subsidiary of Fidelity D&D Bancorp, Inc., a publicly traded holding company.

Question 2

When was The Fidelity Deposit and Discount Bank founded?

Accepted Answer

The Fidelity Deposit and Discount Bank was founded on May 11, 1903, in Dunmore, Pennsylvania, and was incorporated on December 12, 1902. For over 120 years, the institution has served the financial needs of Northeastern Pennsylvania communities through both prosperous times and challenging economic periods.

A transformative moment in the bank's history occurred on July 1, 2015, when Fidelity Bancorp, Inc. and D&D Bancorp, Inc. completed a merger of equals, creating Fidelity D&D Bancorp, Inc. This strategic combination established a stronger regional banking organization with enhanced operational capabilities and expanded market presence.

Question 3

Where is The Fidelity Deposit and Discount Bank headquartered?

Accepted Answer

The Fidelity Deposit and Discount Bank is headquartered at 101 North Blakely Street, Dunmore, Pennsylvania 18512. The main office relocated to this address on August 31, 2022. Dunmore is located in Lackawanna County within the Scranton-Wilkes-Barre metropolitan area of Northeastern Pennsylvania.

Question 4

Where does The Fidelity Deposit and Discount Bank operate?

Accepted Answer

The Fidelity Deposit and Discount Bank operates exclusively within Pennsylvania through a network of 23 branch offices. The bank's primary service areas include Lackawanna County, Luzerne County, Northampton County, and Schuylkill County.

The institution expanded its geographic footprint through strategic acquisitions, including Merchants Bank of Bangor on May 1, 2020, and Landmark Community Bank in Pittston on July 1, 2021. Beyond physical branches, the bank operates a full-service Client Care Center that functions as a virtual branch, serving customers who prefer to conduct banking via telephone, chat, or online platforms.

Question 5

What services does The Fidelity Deposit and Discount Bank offer?

Accepted Answer

The Fidelity Deposit and Discount Bank provides a comprehensive suite of personal and business banking services:

Personal Banking: Checking and savings accounts, mortgage loans, personal loans, home equity products, credit cards, and consumer lending solutions.

Business Banking: Commercial checking and savings accounts, commercial lending, lines of credit, commercial real estate financing, and merchant services tailored for small to medium-sized businesses.

Wealth Management: The bank operates full-service Trust & Investment Departments offering investment management, financial planning, trust services, and estate planning for high-net-worth individuals and families. A dedicated Wealth Management office serves clients in Minersville in Schuylkill County.

Digital Banking: Fidelity Bank offers 24/7 online banking with account monitoring, funds transfers, bill payment, and advanced budgeting tools. The bank's mobile banking app includes mobile check deposit, remote account access, and business banking features. A separate business mobile app enables business customers to approve transactions, manage Positive Pay exceptions, and conduct commercial banking operations on the go.

Mortgage Center: Dedicated mortgage lending services with customized home financing solutions.

Question 6

What makes The Fidelity Deposit and Discount Bank unique?

Accepted Answer

The Fidelity Deposit and Discount Bank distinguishes itself through its community banking model that emphasizes local decision-making and personalized customer relationships. Unlike larger regional or national banks, Fidelity maintains deep roots in Northeastern Pennsylvania and focuses on understanding the specific financial needs of its local markets.

The bank holds full fiduciary powers and actively exercises trust authority, providing sophisticated wealth management capabilities typically associated with larger institutions. With a commercial lending specialization, Fidelity serves as a trusted financial partner for small and medium-sized businesses throughout the region.

Strong financial performance reflects the bank's sound management, with a return on assets (ROA) of 1.07% and return on equity (ROE) of 13.33%. The institution maintains robust regulatory capital levels with a Tier 1 Leverage Ratio of 9.15%, demonstrating financial stability and prudent risk management.

The bank has been BBB accredited since March 1, 1969, reflecting its long-standing commitment to ethical business practices and customer satisfaction.

Question 7

What type of financial institution is The Fidelity Deposit and Discount Bank?

Accepted Answer

The Fidelity Deposit and Discount Bank is a state-chartered commercial bank with a commercial lending specialization. As a state-chartered institution, the bank operates under Pennsylvania banking regulations and is supervised by the Federal Deposit Insurance Corporation (FDIC).

The bank is not a member of the Federal Reserve System but maintains FDIC insurance (Certificate #11868), protecting deposits up to applicable limits. This structure allows Fidelity to operate with the flexibility of state charter regulations while providing customers with federal deposit insurance protection.

As a commercial bank, Fidelity's business model centers on accepting deposits, making loans, and providing traditional banking services to both retail and commercial customers. The bank's commercial lending specialization indicates a significant focus on business lending relationships, supporting the economic development of businesses throughout its service territory.

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