The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Fidelity Bancorp, Inc. (Nasdaq: FSBI) ("Fidelity") and other violations of state law by the board of directors of Fidelity relating to the proposed acquisition of the company by WesBanco, Inc. ("WesBanco"). The firm's investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.

On July 19, 2012 Fidelity and WesBanco announced that they had entered into a definitive Agreement and Plan of Merger providing for WesBanco to acquire Fidelity for approximately $70.8 million. Under the terms of the proposed transaction, Fidelity shareholders will receive 0.8275 shares of WesBanco common stock and cash in the amount of $4.50 per share for each share of Fidelity common stock held. Based on the closing price of WesBanco shares on July 19, 2012, this deal represents a value of approximately $22.85 per Fidelity share. However, according to Yahoo! Finance, analysts have set a median price target of $25.10 per share.

All of the directors and executive officers of Fidelity have entered into voting agreements with WesBanco pursuant to which they have agreed to vote their shares in favor of the transaction.

If you currently own shares of Fidelity and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com