FFFL Fidelity Bankshares

Fidelity Bankshares, Inc. Announces Quarterly Dividend WEST PALM BEACH, Fla., June 24 /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, 2005 and will be distributed on July 15, 2005. Fidelity Bankshares, Inc. operates Fidelity Federal Bank & Trust. The Bank, based in West Palm Beach, has assets in excess of $3.5 billion and 47 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, both of Fidelity Bankshares, Inc., +1-561-803-9900 Web site: http://www.fidfed.com/ Company News On-Call: http://www.prnewswire.com/comp/281429.html

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