Fidelity D & D Bancorp, Inc. Annual Report 2019

Plain-text annual report

a t h w s u s F I D E L I T Y D & D B A N C O R P, I N C . 2 0 1 9 A N N U A L R E P O R T you. WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T Message to our Valued Shareholders: The Board of Directors and the Fidelity Bankers are very pleased to report that the Company ended the year with net income of $11.6 million, or $3.03 diluted earnings per share. The Fidelity Bankers continue to execute a strategic vison that provides retail and business clients with ﬁnancial products and services based upon their needs. The strategic focus on building mutually beneﬁcial relationships with clients and creating ﬁnancial success for all key stakeholders continues to generate growth in loans, deposits, non-interest income, and capital, producing exceptional shareholder value. In September, for the ﬁrst time in the Company’s 118-year history, total assets exceeded $1 billion. The continued commitment to provide clients with an exceptional experience and to build long-lasting relationships through a value-added banking experience has both differentiated and elevated the Fidelity Bank brand from its competition. The current economic expansion, which began roughly a decade ago, became the longest in United States history in 2019, surpassing the previous record that lasted from March 1991 through March 2001. As the year came to a close, America had a highly employed, but slowing economy. The nation’s unemployment level ended the year at nearly a 50-year low at 3.7%, with wages rising. Going into 2019, the expectations were that the Federal Open Market Committee (FOMC) would continue to increase the federal funds target. However, in response to a slowing economy in July 2019, the FOMC made a mid-cycle correction by reducing the federal funds target in a series of three steps, by 0.25% each time. The FOMC’s move to lower interest rates put additional pressure on the decreasing net interest margins of ﬁnancial institutions. Throughout these mixed economic results, the banking industry continued to maintain strong earnings and asset quality. Moving Forward Net income increased to $11.6 million for 2019, a 5% increase over 2018, establishing another historic year for the Company. Excluding the one-time, merger-related acquisition costs incurred in conjunction with the acquisition of the Merchants Bank of Bangor and the assumption of Jonestown Bank & Trust’s (JBT) Trust Department assets, core net income (non-GAAP) for 2019 was $12 million, or $3.14 diluted earnings per share, a 9% increase over 2018. The return on average assets and return on average equity continued to be strong at 1.22% and 11.90% respectively. In December, the Company announced that Fidelity Bank would be acquiring Merchants Bank of Bangor, a $415 million community bank operating nine branches in the Lehigh Valley. The merger was approved unanimously by both Banks’ Board of Directors. Once the merger obtains the necessary regulatory and shareholder approvals, Fidelity Bank will operate 21 retail community banking offices in Northeastern and Eastern Pennsylvania. With greater scale and increased capital, the Company will continue to enhance its delivery of products, services, and digital channels to meet the ﬁnancial needs of clients and the marketplace. Fidelity Bank continues to invest in the growth and success of the Wealth Management Division, Trust and Financial Services. In the 2nd quarter of 2019, Fidelity Bank hired seasoned Banker and Wealth Management Executive Nicholas Parise as the Director of Wealth Management. The addition of Mr. Parise, to go along with the already dedicated and knowledgeable Trust and Financial Services Team, positions the Division for further growth and success. The Bank’s strategic focus on partnering with clients to create long-term ﬁnancial success will continue to be enhanced by the service levels and products provided by the Wealth Management Division. The Wealth Management Division achieved a record level of assets under management of $436 million and $2.3 million in revenue in 2019. In the third quarter of 2019, the Fidelity Bank Wealth Management Division assumed the ownership of the JBT’s $34 million in ﬁduciary assets. Fidelity Bank and JBT have forged an ongoing partnership where JBT’s bankers will refer clients seeking custodial, ﬁduciary, or trust services to Fidelity Bank. The assumption of JBT’s trust assets will provide increased revenue and scale, resulting in proﬁtable growth. Fidelity Bank continued its ongoing de novo branch expansion in Luzerne County. In January 2019, the Bank celebrated the grand opening of the Back Mountain Office, located in Dallas, Pennsylvania, and in October 2019, celebrated the grand opening of the Mountain Top Office. Entering the two new marketplaces allows Fidelity Bank to bring the relationship banking model and the Fidelity Banker’s commitment to partnering with their clients to the Back Mountain and Mountain Top markets, all the while providing an extraordinary client experience. Fidelity Bank has maintained its position as a market leader in Northeastern Pennsylvania by originating more than 3,100 loans, totaling over $240 million. It has continued to achieve strong originations across all portfolios: commercial and business banking, residential mortgage lending, and consumer lending. As of December 31, 2019, the Company achieved a record year-end level of loans in excess of $755 million, a 3% increase over the prior year. The growth in the loan portfolio was funded by a strong inﬂow of new deposits. As of December 31, 2019, the Company achieved a record year-end level of deposits. Total year-to-date average deposits increased by $55.5 million, or by 7% when compared to 2018 year-to-date deposits. The growth in loans and deposits has enabled the Company to increase net interest income by $1.3 million. The Company’s focus on collecting fees for services provided pushed non-interest income to a record level. Total non-interest income for 2019 was $10.2 million, or an 11% increase when compared to 2018. The Exceptional Client Experience The Fidelity Bankers are the Company’s most valued assets. A great client experience must begin with engaged and knowledgeable bankers. Through the support of the Board of Directors, the Company continues to invest a considerable amount of time and money in the training, education, and professional development of the Fidelity Bankers. Their unwavering commitment to continuous learning and improvement has made it possible for the Company to continue to reach new heights. In 2019, the Fidelity Bankers participated in more than 7,200 hours of internal training, seminars, and conferences. In 2019, and for the second year in a row, Fidelity Bank was rated as one of the top 3 banks by Forbes from over 200 banks operating branches in the Commonwealth of Pennsylvania. Fidelity Bank’s survey score is a direct reﬂection of customer opinion and satisfaction, from both in-branch and online perspectives. This recognition is most important, as it measures the client experience and is a leading indicator, rather than the typical ﬁnancial measurements, which are lagging indicators. The Forbes Magazine recognition validates that the experience the Bank provides its clients is a key differentiator of Fidelity’s ability to achieve strong ﬁnancial performance. In addition, for the third year in a row Fidelity Bank has been voted the “Best Bank” by the readers of the Scranton Times. This recognition is further evidence of the unique and satisﬁed customer solutions that the Fidelity Bankers continue to deliver. As the Company grows and the banking industry continues to evolve rapidly with new technology, products, services, and regulations, the valued input of all Fidelity Bankers will produce continued success for the client, shareholder, and communities. Innovation Has Driven Growth The Fidelity Bankers’ commitment to the clients’ ﬁnancial success is the foundation of the Company’s continued growth. Clients expect speed, frictionless experience, security, and convenience in every banking activity, both online and offline. Fidelity Bank continues to invest in the evolution of the digital banking experience, including omnichannel solutions designed to exceed client expectation in-branch or online. The Company believes that its relationships will not disappear in the digital world as it continues to partner with and provide the client with the right ﬁnancial solution. During the ﬁrst quarter of 2019, the Bank launched a new digital mortgage and home equity loan origination platform. This platform provides the client with real time access to mortgage and home equity lending as well as the ability to apply on-line, from the comfort of home or in-branch, with the assistance of a Fidelity Banker. Push notiﬁcations via text messages will apprise applicants of their status, removing any uncertainty. In 2019, mobile and on-line loan applications increased to 182, a 152% increase over 2018. In 2019, the Company continued to experience growth in consumer households and with business clients, while the number of transactions per branch declined. Mobile application and mobile deposit users increased by 61% and 45% respectively. The Company is committed to staying abreast of the ever-evolving digital banking platforms that the clients need and demand. Creating Long Term Sustainable Shareholder Value Shareholder value is created by a balance sheet consisting of adequate reserves, strong capital levels, favorable asset quality, robust core deposit base, and continuous earnings growth. The investment community has recognized the franchise value that the Company has created over the last ﬁve years. The shareholder return over this period was 3 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T 265%, elevating the Company to second place (#2) of all publicly traded banks headquartered in the United States. The total dividend for 2019 was $1.06 per share as compared to $0.98 per share, an 8% increase over 2018, and the ﬁfth consecutive year that the Company increased its dividend payment to the shareholder. The Company’s strong ﬁnancial performance exceeds both its local and national peers. For the ﬁfth straight year, the Bank has earned a ﬁve star “Superior” rating for safety and soundness from the independent national rating agency, Bauer Financial. In addition, for the sixth straight year the Bank was recognized by the American Bankers Association as one the top 200 Community Banks in the nation, based upon a three-year average return on equity. Building for the Future As a community bank, headquartered in Northeastern Pennsylvania, it continues to play a major role by strengthening and impacting the communities it serves by giving back its time, talent, and treasure. The Company, along with the Fidelity Bankers, continues to be one of the largest charitable contributors in the region. In 2019, the Company and the Fidelity Bankers’ annual United Way campaign, headed by Mary McNichols, Human Resources Director, achieved a record level of contributions. The Fidelity Bankers are committed to serving the communities and making them a better place to live, work, play and pray. The Bankers are provided with volunteer time off to serve the community and its causes they are passionate about. The Fidelity Bankers’ have provided their time and talent to a countless number of non-proﬁt organizations. In 2019, the Fidelity Bankers contributed approximately 2,000 hours of volunteer hours to local community organizations, including serving St. Francis of Assisi Soup Kitchen, Friends of the Poor, and United Day of Caring, just to name a few. The Company has been a signiﬁcant contributor to pre-K programs, area primary and secondary schools, universities, and ﬁnancial literacy. The Company has provided scholarships and ﬁnancial literacy programs to schools and students throughout the area. The programs have enabled students to attend educational programs that they would otherwise not have been able to afford. Over the last ﬁve years Fidelity Bank has contributed over $2.6 million to local schools and children throughout Northeastern Pennsylvania. Executing Our Vision As the Company looks to the future, the Bank will focus on the successful integration of Merchants Bank and will work to increase market share in its existing markets. Once the merger is complete, Fidelity Bank will operate 21 retail community banking offices in Northeastern and Eastern Pennsylvania. During its 130-year history, Merchants Bank has been an outstanding banking partner to its client base and community. The merger of two strong, long-standing ﬁnancial institutions will provide increased scale and capital to meet more effectively the needs of the Fidelity Bankers, clients, shareholders, and community. In addition, the Lehigh Valley demographics and strong economic climate provide enhanced growth opportunities. Continued effective management of assets and income will enhance long-term shareholder value. Fidelity Bank is proud to have created a highly regarded and powerful brand. A strong relationship management strategy will continue to evolve as all generations become more technologically savvy. The Company is committed to continuing to invest in the digital and traditional banking channels. The Company’s belief is that clients will continue to migrate to digital channels for transactional activities, while seeking the advice of trusted ﬁnancial partners for more complex ﬁnancial needs. Research shows that clients still prefer to be “in branch” for more complex ﬁnancial needs. Fidelity Bank offices are staffed with knowledgeable, trusted personal bankers who are empowered with resources, technology and capabilities to handle complex client needs and who deliver an extraordinary client experience. The need to continue to invest in technology that meets the client’s demand and creates operational efficiencies has never been greater. At the same time, cyber security incidents appear in the news almost nightly. The Company’s priority remains to protect the client’s information by continuing to invest in and tighten the security around all information technology systems. A well-integrated wealth management solution will create great value for clients and additional long-term shareholder value. Looking across the broad base of clients, and identifying those with the greatest need for wealth management products and services, will drive continued growth in assets under management and revenue. In addition, we will continue to invest in the necessary human capital and systems to ensure that the Wealth Management offering meets and exceeds client expectations. What Drives Fidelity The Company retains 200 Fidelity Bankers who are passionate and committed to building relationships, creating long-term shareholder value, building a sense of community, and delivering success to all stakeholders. As we continue to go forward, the Company will strive to provide an extraordinary customer experience. The Fidelity Banker will continue to put the clients’ interests ﬁrst, to meet their speciﬁc ﬁnancial needs, and to provide high value. The Fidelity Bankers are committed to being true to the mission of a community bank dedicated to the sustainability of its community. All stakeholders can be proud of the accomplishments and direction of the Company. Sincerely, Brian J. Cali, Chairman of the Board Daniel J. Santaniello, President and Chief Executive Officer Board of Directors (L to R): Richard J. Lettieri, Director; Kristin D. O’Donnell, Director; David L. Tressler, Sr., Director; Brian J. Cali, Chairman; Daniel J. Santaniello, President and Chief Executive Officer; Mary E. McDonald, Assistant Secretary; Patrick J. Dempsey, Past Chairman; Michael J. McDonald, Vice Chairman; William J. Joyce, Director; John T. Cognetti, Secretary. 4 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T FINANCIAL HIGHLIGHTS Assets (Dollars in millions) Total Loans & Leases, Net (Dollars in millions) Deposits (Dollars in millions) Shareholders’ Equity (Dollars in millions) Net Income (Dollars in millions) Dividends Per Share (Dollars) 1025 1000 975 950 900 850 800 775 750 725 700 675 $1,010 750 700 650 600 550 500 450 400 350 300 250 200 $745 835 800 775 750 720 700 670 630 590 550 535 520 $836 110 105 100 95 90 85 80 75 70 65 60 55 $107 12 11 10 9 8 7 6 5 $11.6 1.06 1.00 .95 .90 .85 .80 .75 .70 .65 .60 $1.06 ’15 ’16 ’17 ’18 ’19 ’15 ’16 ’17 ’18 ’19 ’15 ’16 ’17 ’18 ’19 ’15 ’16 ’17 ’18 ’19 ’15 ’16 ’17 ’18 ’19 ’15 ’16 ’17 ’18 ’19 (dollars in thousands except per share data) Amount % Change Amount % Change 2019 2018 For the Year Net Interest Income Net Income Cash Dividends Return on Average Assets Return on Average Equity Net Interest Margin Per Share Net Income - Diluted Cash Dividends Book Value $ $ $ 31,715 11,576 4,037 1.18% 11.49% 3.52% $ $ $ 3.03 1.06 28.25 Average Shares Outstanding 3,779,582 At Year End Assets Earning Assets Investment Securities Total Loans & Leases, Net Deposits Borrowings Shareholders’ Equity $ 1,009,927 $ $ $ $ $ $ 941,960 185,117 745,306 835,737 52,839 106,835 4.1% 5.2% 8.9% 4.4% 8.2% 13.5% 0.7% 2.9% 2.4% 1.3% 2.9% 8.5% -51.1% 14.2% $ $ $ 30,457 11,006 3,708 1.20% 12.36% 3.59% $ $ $ 2.90 0.98 24.89 9.4% 26.3 % 12.9% 24.5% 11.4% 6.4% $ $ $ $ $ $ $ 981,102 920,082 182,810 724,024 770,183 108,070 93,557 13.6% 13.9% 16.2% 13.1% 5.5% 172.2% 7.1% 0.7% Shares Outstanding 3,781,500 0.6% 3,759,426 Ratios Net Loans to Deposits 89.18% Non-performing Assets to Total Assets 0.50% Equity to Assets Tier I Risk-Based Capital Total Risk-Based Capital 10.58% 14.51% 15.76% 94.01% 0.64% 9.54% 13.50% 14.75% 3,752,704 1.1% 3,711,490 2017 Amount $ $ $ 27,841 8,716 3,285 1.03% 10.34% 3.66% $ $ $ 2.33 0.88 23.40 $ $ $ $ $ $ $ 863,637 808,004 157,385 640,353 730,146 39,706 87,383 2016 Amount 2015 Amount $ $ $ $ $ $ $ $ $ $ $ $ $ 25,137 7,693 3,061 1.02% 9.64% 3.68% 2.09 0.83 21.91 3,679,507 792,944 746,019 130,037 598,395 703,459 4,223 80,631 $ $ $ $ $ $ $ $ $ $ $ $ $ 23,485 7,103 2,844 1.00% 9.55% 3.68% 1.94 0.77 20.83 3,658,687 729,358 681,283 125,232 553,390 620,675 28,204 76,351 3,734,478 3,680,707 3,665,107 87.70% 0.73% 10.12% 13.70% 14.95% 85.06% 1.33% 10.17% 13.62% 14.90% 89.16% 1.76% 10.47% 13.71% 14.99% 5 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T WHAT DRIVES US? Delivering an exceptional banking experience. Whether it’s obtaining the best terms for a mortgage loan, developing a customized financial plan, or providing the resources to help a business thrive, Fidelity Bankers are driven to deliver an exceptional banking experience to each and every client – an experience grounded in trust, knowledge, exemplary service and expert advice. Their commitment to each client relationship has been recognized by both the local community and by Forbes Magazine. For the past six out of seven years, Scranton Times readers have voted Fidelity Bank “Best Bank” in the marketplace, and for the second consecutive year, Forbes Magazine has named Fidelity Bank a top three “America’s Best-In-State Banks for 2019” in Pennsylvania, based on client satisfaction. Achieving client experiences that are second to none is the result of engaged bankers dedicated to continuous learning and improvement, and of the Bank’s full commitment to their professional development as trusted ﬁnancial advisors. By putting clients’ interests ﬁrst, meeting their speciﬁc ﬁnancial needs, and consistently providing them with value, Fidelity Bankers are creating truly exceptional banking experiences and long-lasting client relationships. 6 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T WHAT DRIVES US. Building a partnership for financial success. The financial success of Fidelity Bank’s clients is the foundation of the Bank’s continued growth. The more successful our clients, the more successful Fidelity Bank. By providing valuable and trusted ﬁnancial advice, Fidelity Bankers are creating deeper and broader relationships with clients and building solid partnerships for ﬁnancial success. Set in a lush 5,500-acre estate, since 1928, Skytop Lodge has offered its guests a unique escape, where they can enjoy the area’s natural beauty in a luxurious historic setting. As Skytop looked to the future, they sought a trusted ﬁnancial advisor that would help facilitate their long-term growth strategy. Before offering solutions, Fidelity Bank’s Relationship Managers studied the industry in depth and engaged in high-value, consultative conversations with Skytop’s management. Having gained a solid understanding of the resort’s needs, they identiﬁed speciﬁc solutions that would help achieve Skytop’s future goals. The Fidelity Bankers’ approach to providing needs-based ﬁnancial solutions grounded in a thorough understanding of the client has resulted in a strong client relationship and a mutually beneﬁcial partnership built on trust. 9 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T WHAT DRIVES US? Creating long-term sustainable value. Fidelity Bank’s strategic approach of delivering value to clients through client-centricity and successful relationship management has continued to create strong ﬁnancial results and long-term shareholder value. For the sixth consecutive year, the American Bankers Association has recognized Fidelity Bank as one of the “Top 200 Community Banks in the Country” for achieving a three-year return on average equity (ROAE) of 10.78%. The ROAE ranked Fidelity Bank as the 95th most proﬁtable publicly traded community bank in the nation in 2018 (from over 600 community banks with assets less than $2 billion). For the ﬁrst time in the Bank’s 118-year history, total assets have exceeded $1 billion. This sustained revenue growth has allowed for further strategic expansion as well as for meaningful investments in digital technology. Fidelity Bankers have focused their attention on giving clients the digital channels that allow them the convenience of banking anywhere, anytime. The expansion of the Bank’s digital capabilities has allowed Fidelity Bankers the time to engage in high-value conversations focused on clients’ ﬁnancial needs. With the 2019 opening of the Back Mountain branch in Dallas, PA and of the Mountain Top, PA branch in lower Luzerne County, Fidelity Bank has continued its expansion into Luzerne County. Fidelity Bank has also assumed all the trust and investment accounts of Jonestown Bank’s Trust Department, adding $34 million in assets under management. Additionally, Jonestown Bank will serve as a referral source for future wealth management business. Guided by Fidelity Bank’s values and its mission to make a long and lasting contribution to all its stakeholders, Fidelity Bankers will continue building on these principles, executing the strategic plan for long-term sustainable shareholder value, and creating exceptional client experiences. 10 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T WHAT DRIVES US.Building the Future As a community bank, Fidelity Bank is committed to strengthening the communities we serve and to building a better future for families and businesses. A strong advocate of programs that enhance children’s learning, the Bank is a supporter of the Greater Scranton YMCA’s Summer Scholars Program. Fidelity Bank’s support has made it possible for the organization to purchase a van that provides transportation to children so they can attend the academic enrichment program. To encourage communities to explore new ideas for community revitalization, the Bank has created the IMPACT Grant Program. Based on a community vote, a $15,000 Fidelity Bank IMPACT Grant has been awarded to the Back Mountain Memorial Library for presenting the best idea to move the Back Mountain community forward. The library is using the grant to update the children’s area and to buy new computers. Each day, Fidelity Bankers put their commitment to build a better future for communities into action through volunteer efforts and donations. Working with local charitable organizations and non-proﬁts, approximately 3,000 hours of Fidelity Bankers’ time has been donated this year to groups dedicated to uplifting the lives of area residents, while the Bank has awarded over $718,000 in donations and sponsorships to these groups. At the heart of every thriving community, there is a strong community bank fully committed to its success. All 200 Fidelity Bankers have wholeheartedly made that commitment. 13 WHAT DRIVES US | F I D E L I T Y D & D B A N C O R P , I N C . | 2 0 1 9 A N N U A L R E P O R T Products & Services Consumer Deposit Products • Start Fresh Checking • First Step Checking • Reliance Checking • Relationship Checking • Performance Checking • Platinum Checking • Money Market Deposit Accounts • Optimum Choice Savings • Statement Savings • Green Team Savings • Scholar Savings • IRA Certiﬁcates of Deposit (Fixed & Variable Rate) • IRA Optimum Savings • Certiﬁcates of Deposit • CDARS/ICS Programs • Christmas & All Purpose Clubs Consumer Loan Products • Home Equity Loans & Lines of Credit • Mortgage Loans • Construction Mortgages • FHA Mortgages • Auto Loans • Personal Loans • Secured Loans • Preferred Credits Card Services • Visa® Consumer Check Card • Visa® Consumer Credit Card • Visa® Business Check Card • Visa® Business Credit Card • Visa® Business Line of Credit Cards • American Express® Credit Card • Card Valet • Digital Wallet • MasterCard® Business LOC Debit Card • MasterCard® Gift Cards & General Purpose Reloadable Cards • MasterCard® HELOC Debit Card • Prepaid & Payroll Cards Digital Services • Mobile Banking • Mobile Deposit • Online Banking • Web Bill Pay • Electronic Statement Delivery • Email Alerts & Text Alerts • Secure Mail • Online Account Opening • Buzz Points Rewards • Telephone Link Business Deposit Products and Services • Business Checking • Basic Business Checking • Business Relationship Interest Checking • Business Analysis Checking • Community First Non-Proﬁt Checking • Community First Checking • Estate Checking • IOLTA Checking • Fidelity Muni-Choice Checking • CDARS/ICS Programs • Savings Accounts • Certiﬁcates of Deposit • Money Market Deposit Accounts • Fidelity Bank at Work Program Business Loan Products • Commercial Loans • Equipment Loans • Lines of Credit • Municipal Loans • Community Development Loans • Commercial/Equipment Leasing • Commercial Mortgages • Letters of Credit • Indirect Lending Program Special Business Loan Programs • SBA Loan Programs • PEDFA Loans • FHLB – BOB Program • USDA Loan Programs • Scranton Industrial Development Company Loan Program • Tax Incremental Financing Programs • Pennsylvania Industrial Development Authority • Loan Programs Business Services Cash Management • Business Online Banking • Fidelity Mobile Banking for Business • Mobile Deposit for Business • Direct Deposit Services • Credit Card Processing • Electronic Funds Receivables & Payables • Positive Pay Fraud Detection • Remote Deposit Capture • Lock Box • Cash Position Reporting • Zero Balance Accounting (ZBA) • eGiving (electronic donation/tithing) • Wire Transfer Services • Business Sweeps • Business Bill Pay • Sweep Line of Credit Investment Services* • Retirement Planning • College Planning • Estate Planning • Exchange Traded Funds (ETF’s) • Life Insurance • Fixed and Variable Annuities • Unit Investment Trusts • Mutual Funds • Stocks • Bonds • Long Term Care Insurance • 401(k) Plans (Including Solo 401(k) Plans) • Proﬁt Sharing Plans • 403(b) Plans • SEP-IRA Plans • SIMPLE IRA Plans *Not FDIC insured. No Bank Guarantee. May Lose Value. Trust Services • Personal Trust • Charitable Trusts • Special Needs Trusts • Revocable & Irrevocable Trusts • Testamentary Trusts • Estate Settlement & Services • Endowments • Guardianships • Corporate Trust • Bond Trustee • Paying Agent • Institutional Money Management Additional Bank Services • Acceptance of Dunmore Taxes • Acceptance of Scranton/Lackawanna Taxes • Money Orders & Cashier Checks • Safe Deposit Box Services • Acceptance of Lackawanna River Basin Sewer Authority Payments Branch & ATM Locations ATM Only Locations • Antonio’s Pizza 45 Luzerne St. West Pittston, PA 18643 • Ayers Country Market 1811 Red Barn Village Rd. Clarks Summit, PA 18411 • Cigna Healthcare 53 Glenmaura National Blvd. Moosic, PA 18507 • Dallas Shopping Center 32 Dallas Shopping Center Dallas, PA 18612 • Electric City Pizza 203 N. Washington Ave. Scranton, PA 18503 • Gino Merli Veterans’ Center 401 Penn Ave. Scranton, PA 18503 • Hilton Scranton & Conference Center 100 Adams Ave. Scranton, PA 18503 • Joe’s Beerman 1561 Main St. Peckville, PA 18452 • Market Street Bar & Grille 223 West Market St. Scranton, PA 18508 • Mountain Plaza 1137 Moosic St Scranton, PA 18503 • Riverfront Sports 3 West Olive St. Scranton, PA 18508 • Scranton Cultural Center 420 North Washington Ave. Scranton, PA 18503 • The Shoppes at Montage 1035 Shoppes Blvd. Moosic, PA 18507 • Thirst T’s 12 Lincoln St. Olyphant, PA 18447 • TJ Maxx 4000 Oldﬁeld Rd. Pittston, PA 18640 • Wilkes-Barre/Scranton International Airport 100 Terminal Rd. Avoca, PA 18641 • Zummo’s Café 916 Marion St. Scranton, PA 18509 • Marywood University Nazareth Hall McGowen Center & Learning Commons Dunmore, PA 18509 Branch and ATM Locations • Abington Office 1311 Morgan Hwy Clarks Summit, PA 18411 570-586-3212 • Back Mountain Office 2363 Memorial Hwy Dallas, PA 18612 570-675-3332 External ATM at Dallas Shopping Center • Dunmore Office 101 N. Blakely St. Dunmore, PA 18512 570-342-8281 • Green Ridge Office 111 Green Ridge St. Scranton, PA 18509 570-342-5532 • Keystone Industrial Park Office 1232 Keystone Industrial Park Rd. Dunmore, PA 18512 570-348-4003 • Kingston Office 247 Wyoming Ave. Kingston, PA 18704 570-338-0119 • Moosic Office 4010 Birney Ave. Moosic, PA 18507 570-504-0789 • Mountain Top Office 1 South Mountain Blvd Mountain Top, PA 18707 570-403-2297 • Peckville Office 1598 Main St. Peckville, PA 18452 570-483-3300 • Scranton Financial Center 338 North Washington Ave. Scranton, PA 18503 570-504-8001 • Pittston Office 225 Kennedy Blvd. Pittston, PA 18640 570-908-0103 • West Scranton Office 400 South Main Ave. Scranton, PA 18504 570-504-8180 Wealth Management Personal & Corporate Trust, Estate Administration & Investment Services Nicholas Parise SVP & Director of Wealth Management 570-504-0612 Theresa M. Hinton, Esq., CTFA VP & Sr. Trust Officer 570-504-2260 James T. O’Brien VP & Trust Officer 570-504-2250 Lawrence J. Crimi VP & Trust Investment Relationship Manager 570-504-8011 Diane Carney, CCTS AVP & Corporate Trust Officer 570-504-2245 Lori A. Barrett, Esq. Trust Officer 570-504-2242 William J. Fennie, III, CFA AVP & Trust Investment Officer 570-504-2242 101 N. Blakely St. Dunmore, PA 18512 570-504-2260 Fidelity Bank Wealth Management Office 252 Sunbury St. Minersville, PA 17954 570-504-2250 Fidelity Asset Management Full Brokerage & Insurance Services William P. McAndrew, AIF® SVP & Wealth Advisor 570-504-2207 Thomas G. Regenski, AIF® AVP & Wealth Advisor 570-504-2204 Amanda Vinciguerra Wealth Management Administrative Assistant 101 N. Blakely St. Dunmore, PA 18512 570-504-2206 Business Banking Timothy O’Brien Sr. EVP & Chief Lending Officer 570-504-2230 Michael J. Pacyna EVP & Chief Business Development Officer 570-504-8005 Customer Care Center 570-342-8281 | 800-388-4380 This Annual Report may contain forward-looking statements as deﬁned in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include the possibility that increased demand or prices for the Company’s ﬁnancial services and products may not occur, changing economic, interest rate and competitive conditions, technological developments and other risks and uncertainties, including those detailed in the Company’s ﬁlings with the Securities and Exchange Commission. 14 Investor Relations Fidelity D & D Bancorp, Inc. 101 N. Blakely Street Dunmore, PA 18512 (570) 342-8281 We are a public company whose stock is traded on The Nasdaq Global Market, under the symbol FDBC. Transfer Agent and Registrar Shareholders’ Services Provided • Stock transfer • Dividend reinvestment plan • Direct deposit of dividends • Duplicate mailing notiﬁcation Computershare Trust Company, N.A. P.O. Box 30170 College Station, TX 77842-3170 (877) 282-1168 www.computershare.com Shareholder/Investor Inquiries Requests for information or assistance regarding Fidelity D & D Bancorp, Inc. should be directed to John Pash, Investor Relations Ofﬁcer, at (570) 504-8007 or john.pash@fddbank.com. Market Makers The following ﬁrms are believed to presently make a market in Fidelity D & D Bancorp, Inc. stock on The Nasdaq Global Market, under the symbol FDBC. Boenning & Scattergood, Inc. 4 Tower Bridge 200 Barr Harbor Dr., No. 300 W. Conshohocken, PA 19428-2979 (610) 832-1212 G1 Execution Services, LLC 175 W. Jackson Blvd., Ste. 1700 Chicago, IL 60604 (312) 362-0404 Keefe, Bruyette & Woods, Inc. 787 7th Ave., 4th & 5th Flrs. New York, NY 10019 (212) 887-7777 SG Americas Securities, LLC 245 Park Avenue New York, NY 10167 (212) 278-6000 Bofa Securities, Inc. One Bryant Park New York, NY 10036 USA (646) 743-2734 Goldman Sachs & Co., LLC 200 West St. New York, NY 10282-2198 (212) 902-1000 Maxim Group, LLC 405 Lexington Avenue New York, NY 10174 (212) 895-3500 Citadel Securities, LLC 131 South Dearborn St., 32nd Fl. Chicago, IL 60603 (312) 395-2100 GTS Securities, LLC 545 Madison Avenue, 15th Floor New York, NY 10022 (212) 715-2830 Virtu Americas, LLC 300 Vesey St. New York, NY 10282 (646) 682-6000 Cowen and Company, LLC 599 Lexington Ave., 20th Fl. New York, NY 10022 (646) 562-1010 Hovde Group, LLC 1629 Colonial Parkway Inverness, IL 60067 (847) 991-6622 Raymond James & Associates, Inc. 880 Carillon Parkway St. Petersburg, FL 33716 (727) 567-1000 Susquehanna Securities 401 City Ave., Ste. 220 Bala Cynwyd, PA 19004-1122 (610) 617-2600 Stifel, Nicolaus & Company, Inc. 501 North Broadway St. Louis, MO 63102 (314) 342-2000 UBS Securities, LLC 1285 Avenue of the Americas New York, NY 10019 (203) 719-3000 D.A. Davidson & Co. 8 Third Street North Great Falls, MT 59401-3104 (406) 727-4200 IMC Financial Markets 233 South Wacker Drive #4300 Chicago, IL 60606 (312) 244-3300 Two Sigma Securities, LLC 101 Avenue of the Americas, 19th Fl. New York, NY 10013 (212) 625-5700 Latour Trading, LLC 377 Broadway, 10th Fl. New York, NY 10013 (917) 388-8000 KATELYN ABRAHAM DEBRA ALIMENTI ISABEL ANDERSON BRENDA ANDES PAUL JOHN ARVAY JAMES ATEN TRACY BARBER LORI BARRETT ALYSSA BARTOLI MARY LYNN BLASI DANA BLOOM IGOR BODNAR PATRICIA BOHAN PATRICK BOLES JALEN BRIDGES MELISSA BRIGGS TIFFANY BURCH JEREMIAH BURDICK CYNTHIA CACIOPPO CARMEN CAPUTO AMANDA CARDILLO JOSEPH CARLIN DIANE CARNEY MICHELLE CARR BRYANNE CARUSO MOLLY CHAMBERS SHARON CHECHILE FELICITY CHEE ROSS CIANFLONE FRANK CIMINO DOMINIQUE CLARK SAMANTHA CLARK KRISTI CLEVELAND CATHY COLLINS JUDITH COMERFORD LATOYA COOPER MICHAEL COURY RONA COVALESKY ROSEMARIE COYNE ADAM CRAHALL LAWRENCE CRIMI LESLY CULKIN PATRICIA CURLEY GEORGE CZAJKOWSKI ANGELO DECESARIS SALVATORE DEFRANCESCO KATH- LEEN DELEO JAMES DEMPSEY MARGARET DERMODY CANDACE DEXHEIMER CHRISTOPHER DiPIETRO TYLENE DODGE CYNTHIA DOPKO STEPHANIE DOWLING LORIANN EDWARDS MARYANN ELLEFSEN KARA ERFMAN CYRENA ERFMAN ROBERT FARRELL WILLIAM FENNIE BRITTANI FENTON JOHN FERRETT SHANAY FIGUEROA THOMAS FISCHER JOANN FULLER LAWLESS CAREY GARVEY ELIZABETH GILGALLON NICHOLAS GILLICK RACHEL GOODWIN AARON GORYL ELIZABETH GRAHAM KRISTIN GROW SHAWNA HALLEY LOGAN HANSMAN LAUREN HARASCHAK CARRIE HART TIFFANY HEWITT THERESA HINTON ROBERT HOOPER DENA HUGHES SUSAN HYNDS JAMES IGOE HARRY JADICK DELBERT JAMES CHRISTA JENNINGS CANDICE JOHNSON DRAGAN JOKIC NICOLE JUDGE DONNA KANE MICHAEL KARPOVICH HEATHER KAZINETZ AMY KERR STEPHANIE KINNEY NOELLE KREMPASKY NICHOLAS KUZDRO BETH LANGSTON BRIAR LAURITO MARIA LAWLER MATTHEW LAWLESS JODY LEWIS KERRY LOBEL BRYAN LOFTUS SUSAN MAE LUCAS LAUREN LUONGO PATRICIA MANCINI ANGEL MANDARANO MARY ANN MARRANCA RACHEL MARSILI JOANN MARSILI WILLIAM MCANDREW JASON MCCABE KEVIN MCCORMICK MICHELLE MCMASTER MARY MCNICHOLS JANIE MCROY LISA MINOR MONIQUE MONTAQUE SHARON MULLANEY LIRIKA NASHI GEORGE NEUBAUER JAMES OBRIEN TIMOTHY OBRIEN CHRISTOPHER OBRIEN ERICH OLSEN STEFAN OLSEN THOMAS OMALLEY RICHARD ORTMAN ZACKERY ORTMAN MICHAEL PACYNA NICHOLAS PARISE JOHN PASH CHERISSE PEATEN CAROL PETLISKI JOANNE PEZZUTI REBECCA PHILLIPS HANNAH PIERRE MARY PIERRE GRACE PINEDA LYNN POCHAS MAUREEN POLSTER CARMELLA PRINGLE-KUZDRO MARIAN PUZYCKI SUSAN RABEL CARLO RAMELAH VICTORIA RANDIS DEBORAH RATUSZNY TOM REGENSKI MARY REID KAREN RENFER ANGELO RESCIGNO ROBERT RILEY KRISTOPHER ROGERS THERESA ROGINSKI ROSELIS ROJAS SADIE ROTH MARY ANN ROUSHEY LORI ROWKER ALAN RUDALAVAGE MELISSA SADAKA DANIEL SANTANIELLO MICHELE SAN- TANIELLO DAVID SAXTON KEVIN SCOTCH TORRE SCRIMALLI JAMES SEGUIN ALLYSON SELIGA SHARON SHEPERIS HANNAH SHURTLEFF KELLEAH SIMONSON MARTIN SKODOCEK CHRIS SLEDZINSKI KATHLEEN SOLSMAN SARAH SORRELLS WILLIAM STEVENS MATTHEW STRONEY REBEKAH TASKER CASEY TIGHE KATHLEEN TIMLIN HEENA TOLANI JEREMEY TOMAINE JOSEPH TOMKO JAMES TRESSLER COLLEEN TUNIS TIA UBALDINI CYNTHIA UCHIC JILL VALENTINI CHRISTINE VALVANO PAULINE VAN TASSEL AMANDA VINCIGUERRA ERIN WALSH EUGENE WALSH LACEY WALSH JOSEPH WARD AMY WASKO CRYSTAL WELBY LINDA WISHARD BENJAMIN WOLK GEORGE YAKUBISIN NICOLE YAZINSKI DEBORAH YEARING BENJAMIN YOUNGKATELYN ABRAHAM DEBRA ALIMENTI ISABEL ANDERSON BRENDA ANDES PAUL JOHN ARVAY JAMES ATEN TRACY BARBER LORI BARRETT ALYSSA BARTOLI MARY LYNN BLASI DANA BLOOM IGOR BODNAR PATRICIA BOHAN PATRICK BOLES JALEN BRIDGES MELISSA BRIGGS TIFFANY BURCH JEREMIAH BURDICK CYNTHIA CACIOPPO CARMEN CAPUTO AMANDA CARDILLO JOSEPH CARLIN DIANE CARNEY MICHELLE CARR BRYANNE CARUSO MOLLY CHAMBERS SHARON CHECHILE FELICITY CHEE ROSS CIANFLONE FRANK CIMINO DO- MINIQUE CLARK SAMANTHA CLARK KRISTI CLEVELAND CATHY COLLINS JUDITH COMERFORD LATOYA COOPER MICHAEL COURY RONA COVALESKY ROSEMARIE COYNE ADAM CRAHALL LAWRENCE CRIMI LESLY CULKIN PATRICIA CURLEY GEORGE CZAJKOWSKI ANGELO DECESARIS SALVATORE DEFRANCESCO KATHLEEN DELEO JAMES DEMPSEY MARGARET DERMODY CANDACE DEXHEIMER CHRISTOPHER DiPIETRO TYLENE DODGE CYNTHIA DOPKO STEPHANIE DOWLING LORIANN EDWARDS MARYANN ELLEFSEN KARA ERFMAN CYRENA ERFMAN ROBERT FARRELL WILLIAM FENNIE BRITTANI FENTON JOHN FERRETT SHANAY FIGUEROA THOMAS FISCHER JOANN FULLER LAWLESS CAREY GARVEY ELIZABETH GILGALLON NICHOLAS GILLICK RACHEL GOODWIN AARON GORYL ELIZABETH GRAHAM KRISTIN GROW SHAWNA HALLEY LOGAN HANSMAN LAUREN HARASCHAK CARRIE HART TIFFANY HEWITT THERESA HINTON ROBERT HOOPER DENA HUGHES SUSAN HYNDS JAMES IGOE HARRY JADICK DELBERT JAMES CHRISTA JENNINGS CANDICE JOHNSON DRAGAN JOKIC NICOLE JUDGE DONNA KANE MICHAEL KARPOVICH HEATHER KAZINETZ AMY KERR STEPHANIE KINNEY NOELLE KREMPASKY NICHOLAS KUZDRO BETH LANGSTON BRIAR LAURITO MARIA LAWLER MATTHEW LAWLESS JODY LEWIS KERRY LOBEL BRYAN LOFTUS SUSAN MAE LUCAS LAUREN LUONGO PATRICIA MANCINI ANGEL MANDARANO MARY ANN MARRANCA RACHEL MARSILI JOANN MARSILI WILLIAM MCANDREW JASON MCCABE KEVIN MCCORMICK MICHELLE MCMASTER MARY MCNICHOLS JANIE MCROY LISA MINOR MONIQUE MONTAQUE SHARON MULLANEY LIRIKA NASHI GEORGE NEUBAUER JAMES OBRIEN TIMOTHY OBRIEN CHRISTOPHER OBRIEN ERICH OLSEN STEFAN OLSEN THOMAS OMALLEY RICHARD ORTMAN ZACKERY ORTMAN MICHAEL PACYNA NICHOLAS PARISE JOHN PASH CHERISSE PEATEN CAROL PETLISKI JOANNE PEZZUTI REBECCA PHILLIPS HANNAH PIERRE MARY PIERRE GRACE PINEDA LYNN POCHAS MAUREEN POLSTER CARMELLA PRINGLE-KUZDRO MARIAN PUZYCKI SUSAN RABEL CARLO RAMELAH VICTORIA RANDIS DEBORAH RATUSZNY TOM REGENSKI MARY REID KAREN RENFER ANGELO RESCIGNO ROBERT RILEY KRISTOPHER ROGERS THERESA ROGINSKI ROSELIS ROJAS SADIE ROTH MARY ANN ROUSHEY LORI ROWKER ALAN RUDALAVAGE MELISSA SADAKA DANIEL SANTANIELLO MICHELE SANTANIELLO DAVID SAXTON KEVIN SCOTCH TORRE SCRIMALLI JAMES SEGUIN ALLYSON SELIGA SHARON SHEPERIS HANNAH SHURTLEFF KELLEAH SIMONSON MARTIN SKODOCEK CHRIS SLEDZINSKI KATHLEEN SOLSMAN SARAH SORRELLS WILLIAM STEVENS MATTHEW STRONEY REBEKAH TASKER CASEY TIGHE KATHLEEN TIMLIN HEENA TOLANI JEREMEY TOMAINE JOSEPH TOMKO JAMES TRESSLER COLLEEN TUNIS TIA UBALDINI CYNTHIA UCHIC JILL VALENTINI CHRISTINE VALVANO PAULINE VAN TASSEL AMANDA VINCIGUERRA ERIN WALSH EUGENE WALSH LACEY WALSH JOSEPH WARD AMY WASKO CRYSTAL WELBY LINDA WISHARD BENJAMIN WOLK GEORGE YAKUBISIN NICOLE YAZINSKI DEBORAH YEARING BENJAMIN YOUNG KATELYN ABRAHAM DEBRA ALIMENTI ISABEL ANDERSON BRENDA ANDES PAUL JOHN ARVAY JAMES ATEN TRACY BARBER LORI BARRETT ALYSSA BARTOLI MARY LYNN BLASI DANA BLOOM IGOR BODNAR PATRICIA BOHAN PATRICK BOLES JALEN BRIDGES MELISSA BRIGGS TIFFANY BURCH JEREMIAH BURDICK CYNTHIA CACIOPPO CARMEN CAPUTO AMANDA CARDILLO JOSEPH CARLIN DIANE CARNEY MICHELLE CARR BRYANNE CARUSO MOLLY CHAMBERS SHARON CHECHILE FELICITY CHEE ROSS CIANFLONE FRANK CIMINO DOMINIQUE CLARK SAMANTHA CLARK KRISTI CLEVELAND CATHY COLLINS JUDITH COMERFORD LATOYA COOPER MICHAEL COURY RONA COVALESKY ROSEMARIE COYNE ADAM CRAHALL LAWRENCE CRIMI LESLY CULKIN PATRICIA CURLEY GEORGE CZAJKOWSKI ANGELO DECESARIS SALVATORE DEFRANCESCO KATHLEEN DELEO JAMES DEMPSEY MARGARET DERMODY CANDACE DEXHEIMER CHRISTOPHER DiPIETRO TYLENE DODGE CYNTHIA DOPKO STEPHANIE DOWLING LORIANN EDWARDS MARYANN ELLEFSEN KARA ERFMAN CYRENA ERFMAN ROBERT FARRELL WILLIAM FENNIE BRITTANI FENTON JOHN FERRETT SHANAY FIGUEROA THOMAS FISCHER JOANN FULLER LAWLESS CAREY GARVEY ELIZABETH GILGALLON NICHOLAS GILLICK RACHEL GOODWIN AARON GORYL ELIZABETH GRAHAM KRISTIN GROW SHAWNA HALLEY LOGAN HANSMAN LAUREN HARASCHAK CARRIE HART TIFFANY HEWITT THERESA HINTON ROBERT HOOPER DENA HUGHES SUSAN HYNDS JAMES IGOE HARRY JADICK DELBERT JAMES CHRISTA JENNINGS CANDICE JOHNSON DRAGAN JOKIC NICOLE JUDGE DONNA KANE MICHAEL KARPOVICH HEATHER KAZINETZ AMY KERR STEPHANIE KINNEY NOELLE KREMPASKY NICHOLAS KUZDRO BETH LANGSTON BRIAR LAURITO MARIA LAWLER MATTHEW LAWLESS JODY LEWIS KERRY LOBEL BRYAN LOFTUS SUSAN MAE LUCAS LAUREN LUONGO PATRICIA MANCINI ANGEL MANDARANO MARY ANN MARRANCA RACHEL MARSILI JOANN MARSILI WILLIAM MCANDREW JASON MCCABE KEVIN MCCORMICK MICHELLE MCMASTER MARY MCNICHOLS JANIE MCROY LISA MINOR MONIQUE MONTAQUE SHARON MULLANEY LIRIKA NASHI GEORGE NEUBAUER JAMES OBRIEN TIMOTHY OBRIEN CHRISTOPHER OBRIEN ERICH OLSEN STEFAN OLSEN THOMAS OMALLEY RICHARD ORTMAN ZACKERY ORTMAN MICHAEL PACYNA NICHOLAS PARISE JOHN PASH CHERISSE PEATEN CAROL PETLISKI JOANNE PEZZUTI REBECCA PHILLIPS HANNAH PIERRE MARY PIERRE GRACE PINEDA LYNN POCHAS MAUREEN POLSTER CARMELLA PRINGLE-KUZDRO MARIAN PUZYCKI SUSAN RABEL CARLO RAMELAH VICTORIA RANDIS DEBORAH RATUSZNY TOM REGENSKI MARY REID KAREN RENFER ANGELO RESCIGNO ROBERT RILEY KRISTOPHER ROGERS THERESA ROGINSKI ROSELIS ROJAS SADIE ROTH MARY ANN ROUSHEY LORI ROWKER ALAN RUDALAVAGE MELISSA SADAKA DANIEL SANTANIELLO MICHELE SAN- TANIELLO DAVID SAXTON KEVIN SCOTCH TORRE SCRIMALLI JAMES SEGUIN ALLYSON SELIGA SHARON SHEPERIS HANNAH SHURTLEFF KELLEAH SIMONSON MARTIN SKODOCEK CHRIS SLEDZINSKI KATHLEEN SOLSMAN SARAH SORRELLS WILLIAM STEVENS MATTHEW STRONEY REBEKAH TASKER CASEY TIGHE KATHLEEN TIMLIN HEENA TOLANI JEREMEY TOMAINE JOSEPH TOMKO JAMES TRESSLER COLLEEN TUNIS TIA UBALDINI CYNTHIA UCHIC JILL VALENTINI CHRISTINE VALVANO PAULINE VAN TASSEL AMANDA VINCIGUERRA ERIN WALSH EUGENE WALSH LACEY WALSH JOSEPH WARD AMY WASKO CRYSTAL WELBY LINDA WISHARD BENJAMIN WOLK GEORGE YAKUBISIN NICOLE YAZINSKI DEBORAH YEARING BENJAMIN YOUNGKATELYN ABRAHAM DEBRA ALIMENTI ISABEL ANDERSON BRENDA ANDES PAUL JOHN ARVAY JAMES ATEN TRACY BARBER LORI BARRETT ALYSSA BARTOLI MARY LYNN BLASI DANA BLOOM IGOR BODNAR PATRICIA BOHAN PATRICK BOLES JALEN BRIDGES MELISSA BRIGGS TIFFANY BURCH JEREMIAH BURDICK CYNTHIA CACIOPPO CARMEN CAPUTO AMANDA CARDILLO JOSEPH CARLIN DIANE CARNEY MICHELLE CARR BRYANNE CARUSO MOLLY CHAMBERS SHARON CHECHILE FELICITY CHEE ROSS CIANFLONE FRANK CIMINO DO- MINIQUE CLARK SAMANTHA CLARK KRISTI CLEVELAND CATHY COLLINS JUDITH COMERFORD LATOYA COOPER MICHAEL COURY RONA COVALESKY ROSEMARIE COYNE ADAM CRAHALL LAWRENCE CRIMI LESLY CULKIN PATRICIA CURLEY GEORGE CZAJKOWSKI ANGELO DECESARIS SALVATORE DEFRANCESCO KATHLEEN DELEO JAMES DEMPSEY MARGARET DERMODY CANDACE DEXHEIMER CHRISTOPHER DiPIETRO TYLENE DODGE CYNTHIA DOPKO STEPHANIE DOWLING LORIANN EDWARDS MARYANN ELLEFSEN KARA ERFMAN CYRENA ERFMAN ROBERT FARRELL WILLIAM FENNIE BRITTANI FENTON JOHN FERRETT SHANAY FIGUEROA THOMAS FISCHER JOANN FULLER LAWLESS CAREY GARVEY ELIZABETH GILGALLON NICHOLAS GILLICK RACHEL GOODWIN AARON GORYL ELIZABETH GRAHAM KRISTIN GROW SHAWNA HALLEY LOGAN HANSMAN LAUREN HARASCHAK CARRIE HART TIFFANY HEWITT THERESA HINTON ROBERT HOOPER DENA HUGHES SUSAN HYNDS JAMES IGOE HARRY JADICK DELBERT JAMES CHRISTA JENNINGS CANDICE JOHNSON DRAGAN JOKIC NICOLE JUDGE DONNA KANE MICHAEL KARPOVICH HEATHER KAZINETZ AMY KERR STEPHANIE KINNEY NOELLE KREMPASKY NICHOLAS KUZDRO BETH LANGSTON BRIAR LAURITO MARIA LAWLER MATTHEW LAWLESS JODY LEWIS KERRY LOBEL BRYAN LOFTUS SUSAN MAE LUCAS LAUREN LUONGO PATRICIA MANCINI ANGEL MANDARANO MARY ANN MARRANCA RACHEL MARSILI JOANN MARSILI WILLIAM MCANDREW JASON MCCABE KEVIN MCCORMICK MICHELLE MCMASTER MARY MCNICHOLS JANIE MCROY LISA MINOR MONIQUE MONTAQUE SHARON MULLANEY LIRIKA NASHI GEORGE NEUBAUER JAMES OBRIEN TIMOTHY OBRIEN CHRISTOPHER OBRIEN ERICH OLSEN STEFAN OLSEN THOMAS OMALLEY RICHARD ORTMAN ZACKERY ORTMAN MICHAEL PACYNA NICHOLAS PARISE JOHN PASH CHERISSE PEATEN CAROL PETLISKI JOANNE PEZZUTI REBECCA PHILLIPS HANNAH PIERRE MARY PIERRE GRACE PINEDA LYNN POCHAS MAUREEN POLSTER CARMELLA PRINGLE-KUZDRO MARIAN PUZYCKI SUSAN RABEL CARLO RAMELAH VICTORIA RANDIS DEBORAH RATUSZNY TOM REGENSKI MARY REID KAREN RENFER ANGELO RESCIGNO ROBERT RILEY KRISTOPHER ROGERS THERESA ROGINSKI ROSELIS ROJAS SADIE ROTH MARY ANN ROUSHEY LORI ROWKER ALAN RUDALAVAGE MELISSA SADAKA DANIEL SANTANIELLO MICHELE SANTANIELLO DAVID SAXTON KEVIN SCOTCH TORRE SCRIMALLI JAMES SEGUIN ALLYSON SELIGA SHARON SHEPERIS HANNAH SHURTLEFF KELLEAH SIMONSON MARTIN SKODOCEK CHRIS SLEDZINSKI KATHLEEN SOLSMAN SARAH SORRELLS WILLIAM STEVENS MATTHEW STRONEY REBEKAH TASKER CASEY TIGHE KATHLEEN TIMLIN HEENA TOLANI JEREMEY TOMAINE JOSEPH TOMKO JAMES TRESSLER COLLEEN TUNIS TIA UBALDINI CYNTHIA UCHIC JILL VALENTINI CHRISTINE VALVANO PAULINE VAN TASSEL AMANDA VINCIGUERRA ERIN WALSH EUGENE WALSH LACEY WALSH JOSEPH WARD AMY WASKO CRYSTAL WELBY LINDA WISHARD BENJAMIN WOLK GEORGE YAKUBISIN NICOLE YAZINSKI DEBORAH YEARING BENJAMIN YOUNGKATELYN ABRAHAM DEBRA ALIMENTI ISABEL ANDERSON BRENDA ANDES PAUL JOHN ARVAY JAMES ATEN TRACY BARBER LORI BARRETT ALYSSA BARTOLI MARY LYNN BLASI DANA BLOOM IGOR BODNAR PATRICIA BOHAN PATRICK BOLES JALEN BRIDGES MELISSA BRIGGS TIFFANY BURCH JEREMIAH BURDICK CYNTHIA CACIOPPO CARMEN CAPUTO AMANDA CARDILLO JOSEPH CARLIN DIANE CARNEY MICHELLE CARR BRYANNE CARUSO MOLLY CHAMBERS SHARON CHECHILE FELICITY CHEE ROSS CIANFLONE FRANK CIMINO DOMINIQUE CLARK SAMANTHA CLARK KRISTI CLEVELAND CATHY COLLINS JUDITH COMERFORD LATOYA COOPER MICHAEL COURY RONA COVALESKY ROSEMARIE COYNE ADAM CRAHALL LAWRENCE CRIMI LESLY CULKIN PATRICIA CURLEY GEORGE CZAJKOWSKI ANGELO DECESARIS SALVATORE DEFRANCESCO KATHLEEN DELEO JAMES DEMPSEY MARGARET DERMODY CANDACE DEXHEIMER CHRISTOPHER DiPIETRO TYLENE DODGE CYNTHIA DOPKO STEPHANIE DOWLING LORIANN EDWARDS MARYANN ELLEFSEN KARA ERFMAN CYRENA ERFMAN ROBERT FARRELL WILLIAM FENNIE BRITTANI FENTON JOHN FERRETT SHANAY FIGUEROA THOMAS FISCHER JOANN FULLER LAWLESS CAREY GARVEY ELIZABETH GILGALLON NICHOLAS GILLICK RACHEL GOODWIN AARON GORYL ELIZABETH GRAHAM KRISTIN GROW SHAWNA HALLEY LOGAN HANSMAN LAUREN HARASCHAK CARRIE HART TIFFANY HEWITT THERESA HINTON ROBERT HOOPER DENA HUGHES SUSAN HYNDS JAMES IGOE HARRY JADICK DELBERT JAMES CHRISTA JENNINGS CANDICE JOHNSON DRAGAN JOKIC NICOLE JUDGE DONNA KANE MICHAEL KARPOVICH HEATHER KAZINETZ AMY KERR STEPHANIE KINNEY NOELLE KREMPASKY NICHOLAS KUZDRO BETH LANGSTON BRIAR LAURITO MARIA LAWLER MATTHEW LAWLESS JODY LEWIS KERRY LOBEL BRYAN LOFTUS SUSAN MAE LUCAS LAUREN LUONGO PATRICIA MANCINI ANGEL MANDARANO MARY ANN MARRANCA RACHEL MARSILI JOANN MARSILI WILLIAM MCANDREW JASON MCCABE KEVIN MCCORMICK MICHELLE MCMASTER MARY MCNICHOLS JANIE MCROY LISA MINOR MONIQUE MONTAQUE SHARON MULLANEY LIRIKA NASHI GEORGE NEUBAUER JAMES OBRIEN TIMOTHY OBRIEN CHRISTOPHER OBRIEN ERICH OLSEN STEFAN OLSEN THOMAS OMALLEY RICHARD ORTMAN ZACKERY ORTMAN MICHAEL PACYNA NICHOLAS PARISE JOHN PASH CHERISSE PEATEN CAROL PETLISKI JOANNE PEZZUTI REBECCA PHILLIPS HANNAH PIERRE MARY PIERRE GRACE PINEDA LYNN POCHAS MAUREEN POLSTER CARMELLA PRINGLE-KUZDRO MARIAN PUZYCKI SUSAN RABEL CARLO RAMELAH VICTORIA RANDIS DEBORAH RATUSZNY TOM REGENSKI MARY REID KAREN RENFER ANGELO 800 388 4380 | bankatﬁdelity.com RESCIGNO ROBERT RILEY KRISTOPHER ROGERS THERESA ROGINSKI ROSELIS ROJAS SADIE ROTH MARY ANN ROUSHEY LORI ROWKER ALAN RUDALAVAGE MELISSA SADAKA DANIEL SANTANIELLO MICHELE SAN- TANIELLO DAVID SAXTON KEVIN SCOTCH TORRE SCRIMALLI JAMES SEGUIN ALLYSON SELIGA SHARON SHEPERIS HANNAH SHURTLEFF KELLEAH SIMONSON MARTIN SKODOCEK CHRIS SLEDZINSKI KATHLEEN SOLSMAN SARAH SORRELLS WILLIAM STEVENS MATTHEW STRONEY REBEKAH TASKER CASEY TIGHE KATHLEEN TIMLIN HEENA TOLANI JEREMEY TOMAINE JOSEPH TOMKO JAMES TRESSLER COLLEEN TUNIS TIA UBALDINI CYNTHIA UCHIC JILL VALENTINI CHRISTINE VALVANO PAULINE VAN TASSEL AMANDA VINCIGUERRA ERIN WALSH EUGENE WALSH LACEY WALSH JOSEPH WARD AMY WASKO CRYSTAL WELBY LINDA M E M B E R F D I C

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