Fidelity D & D Bancorp, Inc. and The Fidelity Deposit and Discount Bank Announce Board Changes
May 04, 2020 at 11:03 am EDT
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Effective May 1, 2020, Fidelity D & D Bancorp, Inc. (Fidelity) completed its previously-announced acquisition of MNB Corporation (MNB) pursuant to the Agreement and Plan of Reorganization, dated as of December 9, 2019, by and among Fidelity, The Fidelity Deposit and Discount Bank (Fidelity Bank), MNB and Merchants Bank of Bangor (the Reorganization Agreement). Effective May 1, 2020, in connection with the merger and pursuant to the terms of the Reorganization Agreement, HelenBeth Garofalo Vilcek and Richard M. Hotchkiss were appointed as Class A and Class C Directors of Fidelity's Board of Directors. Ms. Vilcek and Mr. Hotchkiss were also appointed as Directors of Fidelity Banks Board of Directors. In connection with her appointment to the Boards of Fidelity and Fidelity Bank, Ms. Vilcek was appointed to the Fidelity Boards Nominating and Audit Committees and the Fidelity Bank Boards Asset Liability, Credit Administration, Nominating and Audit Committees. In connection with his appointment to the Boards of Fidelity and Fidelity Bank, Mr. Hotchkiss was appointed to the Fidelity Boards Nominating Committee and Fidelity Bank Boards Building, Trust/Investments, Nominating and Credit Administration Committees.
Fidelity D & D Bancorp, Inc. is a bank holding company. The Fidelity Deposit and Discount Bank (the Bank) is the Companyâs state-chartered commercial bank. The Bank offers a full range of traditional banking services. The Bank has a personal and corporate trust department and also provides alternative financial and insurance products with asset management services. The Bank has investment securities classified into three categories: trading, available-for-sale or held-to-maturity (HTM). The Bank service area is comprised of the Borough of Dunmore and the surrounding communities within Lackawanna and Luzerne counties in Northeastern Pennsylvania and Northampton County in Eastern Pennsylvania. It provides health benefit to bankers, including medical, dental and vision insurances, life insurance, long- and short-term disability coverage and flexible spending accounts. The Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app.
FIDELITY D & D BANCORP, INC. 
