FFFL Fidelity Bankshares

WEST PALM BEACH, Fla., June 21 /PRNewswire-FirstCall/ -- Vince A. Elhilow, President of Fidelity Bankshares, Inc. (NASDAQ:FFFL), announced that the Company's Board of Directors approved the payment of a quarterly cash dividend of $.08 per share on the Company's common stock to its stockholders. The dividend will be paid to stockholders of record on June 30, 2006 and will be distributed on July 14, 2006. Fidelity Bankshares, Inc. operates Fidelity Federal Bank & Trust. The Bank, based in West Palm Beach, has assets of $4.24 billion and 52 branch offices in Palm Beach, Martin, Broward, and St. Lucie counties. DATASOURCE: Fidelity Bankshares, Inc. CONTACT: Vince A. Elhilow, President and Chief Executive Officer, or Richard D. Aldred, Chief Financial Officer, both of Fidelity Bankshares, +1-561-803-9900 Web site: http://www.fidelityfederal.com/

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