Fidelity D & D Bancorp, Inc. Announces Retirement of Director Patrick J. Dempsey

Nachrichtenquelle: globenewswire
11.05.2020, 17:28  |  116   |   |   

DUNMORE, Pa., May 11, 2020 (GLOBE NEWSWIRE) -- 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 Patrick (“Pat”) J. Dempsey, Chairman Emeritus, as a Director effective May 5, 2020.

Mr. Dempsey served as Director of the Fidelity Deposit & Discount Bank, a subsidiary of Fidelity D & D Bancorp, Inc.’s Board of Directors since 1985. He was named Chairman of the Board in 2004 and served for 14 years. He also served as Interim Chief Executive Officer and Interim President of Fidelity D & D Bancorp, Inc. from September 1, 2009 to December 2, 2010. He has been a member of the Company Board since 1999.

“On behalf of the Board of Directors’ we want to thank Pat for his 35 years of committed service to the Company,” remarked Brian J. Cali, Chairman of the Board. “Pat’s relentless efforts as a Director and Chairman laid the foundation for the company’s current governance and organizational structure. The Fidelity organization wishes him a happy and deserving retirement for his contributions to our company and bank.”

“During my tenure as President and CEO, Mr. Dempsey played an invaluable role in the success of the Company,” remarked Daniel J. Santaniello, Fidelity President & Chief Executive Officer. “I am very grateful to have had the opportunity to have worked alongside such an accomplished and thoughtful person.”

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.

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