FFFL Fidelity Bankshares

WEST PALM BEACH, Fla., Nov. 20 /PRNewswire-FirstCall/ -- At a Special Meeting of Shareholders held today, the shareholders of Fidelity Bankshares, Inc. (NASDAQ:FFFL), approved its merger with National City Corp. (NYSE:NCC). The transaction is expected to close in January 2007. Fidelity Bankshares merger with National City was announced on July 27, 2006. Under terms of the agreement, Fidelity stockholders may elect to receive $39.50 in cash or 1.0977 shares of NCC common stock subject to allocation procedures that will allow 50 percent of the FFFL shares outstanding to receive cash and 50 percent to receive stock. Fidelity Bankshares, Inc. operates Fidelity Federal Bank & Trust. The Bank, based in West Palm Beach, has assets of $4.43 billion and 51 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, of Fidelity Bankshares, Inc., +1-561-803-9900 Web site: http://www.fidfed.com/

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