FFFL Fidelity Bankshares

WEST PALM BEACH, Fla., March 23 /PRNewswire-FirstCall/ -- Fidelity Bankshares, Inc. (NASDAQ:FFFL), the holding company for Fidelity Federal Bank & Trust, announced the opening of its 51st branch located in the newly named Fidelity Federal Center building in downtown Fort Lauderdale. Chairman and CEO Vince Elhilow said, "This branch opening is an important milestone in expanding our business into fast-growing Broward County. It is located in the heart of Fort Lauderdale's financial district and demonstrates our commitment to expanding our well-known, high-quality banking, trust and insurance services in Broward." The branch includes a loan production office and a full-service banking facility. Last month, Fidelity Federal leased more than 13,000 square feet of space in the 21-story, Class A office building directly across from the Federal Court House on Broward and SE 3rd. The building was renamed the Fidelity Federal Center. For a photo of the Fidelity Federal Center, visit http://hawkassociates.com/fffl/company.htm . At December 31, 2005, Fidelity Bankshares, Inc., through its subsidiary Fidelity Federal Bank & Trust, had assets of $4.08 billion and deposits of $3.54 billion. The company operates in Florida through 51 branches and two loan production offices in Palm Beach, Martin, Broward, Indian River 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: . Information about Fidelity Bankshares, Inc. can be found on http://www.fidelityfederal.com/ . 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/ . DATASOURCE: Fidelity Bankshares, Inc. CONTACT: Vince A. Elhilow, Chairman and CEO, or Richard D. Aldred, Chief Financial Officer, both of Fidelity Bankshares, +1-561-803-9900; or Frank Hawkins or Julie Marshall, both of Hawk Associates, Inc., +1-305-451-1888, or , for Fidelity Bankshares Web site: http://www.fidelityfederal.com/ http://hawkassociates.com/fffl/company.htm http://www.hawkassociates.com/fffl/profile.htm http://www.hawkassociates.com/

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