The Fidelity Bank, Financial Information

AboutThe Fidelity Bank

 Address:
100 South Main Street
Fuquay-Varina,NC
Wake County,North Carolina
 Established:
Jan 1909
 Number of domestic offices:
51
Total assets$2,831M
Net income$32M
Net income,quarterly$11M
Total deposits$2,553M
Domestic deposits$2,553M
Equity capital$264M
ROA1.29%
ROAQ,quarterly1.56%
ROA,pretax1.56%
ROAQ,quarterly,pretax1.87%
ROE12.95%
ROEQ,quarterly16.73%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Fidelity Bank have been independent for over 100 years. Fidelity Bank, first known as the Bank of Fuquay, opened for business on August 10, 1909 in a one-room office in Fuquay Springs, North Carolina (now Fuquay-Varina).

During the 1920’s, another bank in North Carolina was following a similar path as the Bank of Fuquay. Firmly rooted in the community, the Bank of Biscoe was devoted to growing small businesses and providing a stable financial presence.

The Bank of Fuquay and the Bank of Biscoe remained strong during and after the Depression. Assets grew, and each bank began to open additional branches to serve neighboring towns. By 1970, the shareholders of the two banks voted to merge the institutions and renamed the corporation Fidelity Bank. Combining the resources of the two small banks allowed for automation of services, the increase of lending ability, and expansion into new communities.

Fidelity Bank has remained strong through two World Wars, the Great Depression, the massive social changes of the twentieth century, and the local shifts from an agricultural to a technological economy. Since the beginning, the unique character of Fidelity Bank has been nurtured through conscious effort and leadership. The bank foundation places a premium on trust that is based on the commitment to its customers, a century of solid banking service, and a tradition of sound financial principles.

Today, Fidelity Bank serves 65 locations in 26 counties across North Carolina and Virginia and has approximately $1.6 billion in assets. Fidelity Bank was awarded a 5-Star (Superior Bank) rating from BauerFinancial and did not accept federal assistance through the Troubled Asset Relief Program (TARP).

Fuquay-Varina – Main
100 South Main Street
Fuquay-Varina, North Carolina 27526
Phone: (919) 552-2242

Sunset Plaza
1304 North Main Street
Fuquay-Varina, North Carolina 27526
Phone: (919) 552-7878

Windsor Point
1221 Broad Street
Fuquay-Varina, North Carolina 27526
Phone: (919) 557-4568