I am pleased to announce that Fidelity Bank is celebrating its 10th year of operations! Our story begins in September 2003 with $8 million in capital, 1 branch, and 10 employees. In December 2012 we sit at $25.2 million in equity capital, 3 branches, and 40 employees – retaining 18 of the original 23 who helped open our current branches.
The major reason for our growth and success has always been our staff. Dedicated to taking care of our customers, our bankers are experienced, knowledgeable, and efficient. Using numerous peer metrics, I can tell you that our group of Fidelity bankers ranks among the best bank staffs in Texas. I stand behind our strong work ethic and commitment to the local community. We take pride in investing in our community's development and prosperity and we are thankful that our employees are as committed as we are.
Financially, Fidelity Bank is as strong as ever with an increased loan portfolio and excellent profits. Despite a still weak economy and declining loan demand Fidelity Bank’s net income was up 43% from the prior year’s report. With a core strategic focus of taking care of existing customers while aggressively finding new ones, we will continue looking for ways to grow the bank and as a result, grow stockholder value.
If you’re already a customer I would like to personally thank you for your business, for your continued support, and for spreading the word about Fidelity Bank. If you’re not yet a customer please come in and let us show you what we can do. You can access us online, by telephone, and as always - in our lobbies. I look forward to seeing you soon.
Tommy McCulloch, Jr.
President & Chief Executive Officer