Fidelity Bank Market Research Report

Company Overview

• Name: Fidelity Bank

• Mission: To be the independent, sound, and profitable bank that businesses and families come to first – and bank with for life, emphasizing safety, soundness, investing in technology, people, and products.

• Founded: 1909, initially as the Bank of Fuquay in Fuquay Springs, North Carolina.

• Founder: Eugene Howard, known for his personal approach to banking.

• Key People: No specific key people mentioned beyond historical founders.

• Headquarters: Fuquay-Varina, North Carolina.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: A community bank with a heritage of trust and sound financial principles, emphasizing personal service and strong community involvement.

Products

Personal Banking

• Personal Checking: A variety of checking accounts tailored to earning and managing personal finances.

• Personal Savings: Competitive and flexible saving account options aimed at future planning.

• Digital Banking: Access to account management, bill payments, alerts, and money transfers via personal devices.

• Home Equity Line of Credit: Equity-based financial solutions for large personal projects.

• Mortgage: A variety of mortgage solutions under the Right By You Mortgage brand.

• Wealth Management: Comprehensive plans for financial well-being supported by experienced professionals.

Business Banking

• Business Checking: Simplified account management options to aid cash flow.

• Business Savings: Accounts designed for optimizing business finances.

• Digital Banking: Online access for transaction management and financial oversight.

• Credit & Financing: Flexible options to support business growth.

• Cash Management: Services including ACH, remote deposit, and fraud prevention tools.

• Merchant Services: Payment solutions for varied business transaction needs.

Other Services

• SBA Lending Division: Assists in accessing funding for small businesses, recognized as a Preferred Lender by the Small Business Administration.

• Right By You Mortgage: Mortgage services reflecting the bank's dedication to supporting customers' housing needs.

• Trust Company of North Carolina: Wealth management services for investments and retirement planning.

Recent Developments

• New Employees:

• Sean Brown joins in Martinsville, VA.

• Tori Browning joins in Raleigh, NC.

• Matt Ferguson joins in Greensboro, NC.

• Gary Griffin joins in Tybee Island, GA.

• Shirley Polanco joins in Raleigh, NC.

• Erica Parker joins in Greensboro, NC.

• Michael Byers joins the Guaranteed Government Lending Division.

• Awards:

• Named Best Bank by Chatham Magazine.

• Lacey Dillon recognized for Customer Satisfaction in the Mortgage Industry.

• Community Involvement:

• Ground-breaking ceremony support for a homeless shelter in Sanford.

• Sponsorship for Habitat for Humanity Building Blitz.

• Grand Openings:

• New branches opened in High Point and Belmont, NC.

• Historical Milestones:

• 2021: Launch of SBA Lending Division.

• 2022: Expansion into South Carolina, with new branches.

• Investment in new technologies and market expansion, with current assets of approximately $3.8 billion.

Key Features and Highlights

• Mobile Banking: Secure 24-hour account access, money transfers, and alerts.

• Community Commitment: Dedication to local involvement and charitable support.

• Right By You Brand: Commitment to customer-centric service and long-term relationship building.

• Strategic Growth: Focus on safe, sound growth and technological investment.

Miscellaneous

• Industry Recognition: Honored as a 2023 Corporate Champion for Women and Children by the General Federation of Women's Clubs of North Carolina.

• Security and Assurance: Strong emphasis on the safety and security of assets and financial transactions.

Please note that specifics on exact employee numbers, revenue figures, and current key executives were not available from the provided data.