Fidelity D & D Bancorp, Inc. Announces Retirement of Director Mary E. McDonald
2021年9月4日 - 6:27AM
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) (“Fidelity”), the
parent bank holding company of The Fidelity Deposit and Discount
Bank (“Fidelity Bank”), a Pennsylvania state-chartered,
FDIC-insured community bank and trust company headquartered in
Dunmore, PA, announces the retirement of Mary E. McDonald,
Assistant Secretary, as a Director effective today.
Ms. McDonald has been a Director of the Company and member of
the Bank’s Board of Directors since 2000. A retired educator, her
many years of experience have provided valuable insight for the
Company and Bank.
Fidelity Bank President and Chief Executive Officer, Daniel J.
Santaniello added, “We are grateful to have had the opportunity to
work alongside Mary for so long. Her guidance has been instrumental
in the growth of the organization.
“On behalf of the Board of Directors and all the Fidelity
Bankers, I’d like to sincerely thank Mary for her over 20 years of
committed and valuable service,” said Brian J. Cali, Chairman of
the Board. “Her commitment to an organization she saw as family was
expressed in the passion and leadership she gave throughout the
years. Her contributions are immeasurable. We wish her health and
happiness in the future.”
Forward-looking statements
Certain of the matters discussed in this press release
constitute forward-looking statements for purposes of the
Securities Act of 1933, as amended, and the Securities Exchange Act
of 1934, as amended, and as such may involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from future results, performance or
achievements expressed or implied by such forward-looking
statements. The words “expect,” “anticipate,” “intend,” “plan,”
“believe,” “estimate,” and similar expressions are intended to
identify such forward-looking statements.
The Company’s actual results may differ materially from the
results anticipated in these forward-looking statements due to a
variety of factors, including, without limitation:
- the effects of
economic conditions particularly with regard to the negative impact
of severe, wide-ranging and continuing disruptions caused by the
spread of Coronavirus Disease 2019 (COVID-19) and responses thereto
on current customers and the operations of the Company,
specifically the effect of the economy on loan customers’ ability
to repay loans;
- acquisitions and
integration of acquired businesses, including but not limited to,
the recent acquisition of MNB Corporation (“MNB”) and its
wholly-owned bank subsidiary and Landmark Bancorp Inc. (“Landmark”)
and its wholly-owned bank subsidiary;
- the costs and
effects of litigation and of unexpected or adverse outcomes in such
litigation;
- the impact of new or
changes in existing laws and regulations, including the Tax Cuts
and Jobs Act and Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 and the regulations promulgated there
under;
- impacts of the
capital and liquidity requirements of the Basel III standards and
other regulatory pronouncements, regulations and rules;
- governmental
monetary and fiscal policies, as well as legislative and regulatory
changes;
- effects of short-
and long-term federal budget and tax negotiations and their effect
on economic and business conditions;
- the effect of
changes in accounting policies and practices, as may be adopted by
the regulatory agencies, as well as the Financial Accounting
Standards Board and other accounting standard setters;
- the risks of changes
in interest rates on the level and composition of deposits, loan
demand, and the values of loan collateral, securities and interest
rate protection agreements, as well as interest rate risks;
- the effects of
competition from other commercial banks, thrifts, mortgage banking
firms, consumer finance companies, credit unions, securities
brokerage firms, insurance companies, money market and other mutual
funds and other financial institutions operating in our market area
and elsewhere, including institutions operating locally,
regionally, nationally and internationally, together with such
competitors offering banking products and services by mail,
telephone, computer and the internet;
- technological
changes;
- the interruption or
breach in security of our information systems and other
technological risks and attacks resulting in failures or
disruptions in customer account management, general ledger
processing and loan or deposit updates and potential impacts
resulting therefrom including additional costs, reputational
damage, regulatory penalties, and financial losses;
- acquisitions and
integration of acquired businesses;
- the failure of
assumptions underlying the establishment of reserves for loan
losses and estimations of values of collateral and various
financial assets and liabilities;
- volatilities in the
securities markets;
- acts of war or
terrorism;
- disruption of credit
and equity markets; and
- the risk that our
analyses of these risks and forces could be incorrect and/or that
the strategies developed to address them could be
unsuccessful.
The Company cautions readers not to place undue reliance on
forward-looking statements, which reflect analyses only as of the
date of this release. The Company has no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this release.
For more information, please visit our investor relations
website located through www.bankatfidelity.com.
About Fidelity D & D Bancorp, Inc.
Fidelity D & D Bancorp, Inc. has built a strong history as
trusted financial advisor to the clients served by The Fidelity
Deposit and Discount Bank (Fidelity Bank). Fidelity Bank
operates 23 full-service offices throughout Lackawanna, Luzerne and
Northampton Counties, along with the Fidelity Bank Wealth
Management Minersville Office in Schuylkill County. Fidelity
Bank provides a digital and virtual experience via online banking
and mobile app, digital services, and digital account
opening. Additionally, Fidelity Bank offers full-service
Trust & Investment Departments, a Mortgage Center, and an array
of personal and business banking products and services. Part
of the Company’s vision is to serve as the best bank for the
community, which was accomplished by having provided nearly 1,400
hours of volunteer time and over $1.3 million in donations to
non-profit organizations directly within the markets served
throughout 2020. The Company continues its mission of
exceeding client expectations through a unique banking experience,
providing 24 hour, 7 days a week service to clients through branch
offices, online at www.bankatfidelity.com, and through the Customer
Care Center at 800-388-4380. The Company's deposits are
insured by the Federal Deposit Insurance Corporation up to the full
extent permitted by law.
For more information, please visit our investor relations
website located through www.bankatfidelity.com.
Daniel J. SantanielloPresident & Chief Executive
Officer(570)
504.8035
Salvatore R. DeFrancescoTreasurer & Chief Financial
Officer(570) 504.8000
Fidelity D and D Bancorp (NASDAQ:FDBC)
過去 株価チャート
から 6 2024 まで 7 2024
Fidelity D and D Bancorp (NASDAQ:FDBC)
過去 株価チャート
から 7 2023 まで 7 2024