FFFL Fidelity Bankshares

WEST PALM BEACH, Fla., Sept. 22 /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 September 30, 2005 and will be distributed on October 14, 2005. Fidelity Bankshares, Inc. operates Fidelity Federal Bank & Trust. The Bank, based in West Palm Beach, has assets of $4 billion and 48 branch offices in Palm Beach, Martin and St. Lucie counties. Contact: Vince A. Elhilow, President and Chief Executive Officer Richard D. Aldred, Chief Financial Officer (561) 803-9900 DATASOURCE: Fidelity Bankshares, Inc. CONTACT: Vince A. Elhilow, President and Chief Executive Officer, or Richard D. Aldred, Chief Financial Officer, +1-561-803-9900, both of Fidelity Bankshares Web site: http://www.fidfed.com/ Company News On-Call: http://www.prnewswire.com/comp/281429.html

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