8-K
FIDELITY D & D BANCORP INC (FDBC)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
______________
Date of Report (Date of earliest event reported): June 7, 2023
FIDELITY D & D BANCORP, INC.
(Exact name of Registrant as specified in its charter)
| Pennsylvania | 001-38229 | 23-3017653 |
|---|---|---|
| (State or other<br><br> <br>jurisdiction of<br><br> <br>incorporation) | (Commission<br><br> <br>File Number) | (IRS Employer<br><br> <br>Identification No.) |
| Blakely and Drinker Streets, Dunmore, PA | 18512 | |
| --- | --- | |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (570) 342-8281
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, no par value | FDBC | The NASDAQ Stock Market, LLC |
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
CURRENT REPORT ON FORM 8-K
Item 8.01 Other Events
Ruth Turkington has joined the Executive Management Team of The Fidelity Deposit and Discount Bank (the “Bank”), the wholly-owned subsidiary of Fidelity D & D Bancorp, Inc. (the “Corporation”), as Executive Vice President and Chief Consumer Banking Officer. A press release regarding Ms. Turkington's hire is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Rosemarie Coyne, CPA has been promoted to Vice President and Controller of The Fidelity Deposit and Discount Bank (the “Bank”), the wholly-owned subsidiary of Fidelity D & D Bancorp, Inc. (the “Corporation”). A press release regarding Ms. Coyne's promotion is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.
The information in this Item 8.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Description |
|---|---|
| 99.1 | Copy of the press release dated June 7, 2023. |
| 99.2 | Copy of the press release dated June 7, 2023. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
| FIDELITY D & D BANCORP, INC. | |
|---|---|
| (Registrant) | |
| Dated: June 8, 2023 | /s/ Salvatore R. DeFrancesco, Jr._________ |
| Salvatore R. DeFrancesco, Jr. | |
| Treasurer and Chief Financial Officer |
ex_531033.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact:
Noelle Krempasky
VP, Director of Marketing
(570) 504-8038
noelle.Krempasky@fddbank.com
Ruth Turkington Joins Fidelity Bank as EVP, Chief Consumer Banking Officer
Scranton, PA – June 7, 2023 – Daniel J. Santaniello, President and Chief Executive Officer of Fidelity Bank, is pleased to announce that Ruth Turkington has joined Fidelity Bank’s Executive Management Team as Executive Vice President, Chief Consumer Banking Officer.
With over 25 years of financial services experience, Ruth has worked for multiple regional banks in the Northeast. Most recently she served as Senior Vice President at Citizens Bank where she was responsible for both the consumer and small business deposit product strategies and client experience.
Her responsibilities included go-to-market strategy, pricing, and innovative digital product development.
Ruth is a strong advocate of supporting her local communities and has served on numerous non-profit boards, in the areas of education and local business advocacy.
“We are delighted to have someone of Ruth’s caliber join our team”, said Daniel J. Santaniello. She brings a depth of experience, high energy and commitment to strengthening the client experience that we are excited to see unfold.
In her new role, Turkington will set the strategic direction for consumer banking, with oversight of Fidelity Bank’s branch network, retail services, marketing, and consumer and mortgage lending.
“This is truly an exciting time in my career where I get to join a wonderful community bank, a great team and deliver exceptional value to the customers we serve,” said Turkington.
About Fidelity Bank
Fidelity Bank has built a strong history as trusted financial advisor and continues its mission of exceeding client expectations through a unique banking experience. It operates 20 full-service offices throughout Lackawanna, Luzerne, Lehigh and Northampton Counties, along with a limited production commercial office in Luzerne County and a Fidelity Bank Wealth Management Office in Schuylkill County. Fidelity Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app, and in the Client Care Center at 1-800-388-4380. Additionally, the Bank offers full-service Wealth Management & Brokerage Services, a Mortgage Center, and an array of personal and business banking products and services. Part of the Company’s vision is to serve as the best bank for the community, which was accomplished by having provided over 4,100 hours of volunteer time and over $1.6 million in donations to non-profit organizations directly within the markets served throughout 2022. Fidelity Bank's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.
#
ex_531034.htm
Exhibit 99.2
FOR IMMEDIATE RELEASE
Contact:
Noelle Krempasky
VP, Director of Marketing
(570) 504-8038
noelle.Krempasky@fddbank.com
Rosemarie Coyne Promoted to VP, Controller
Scranton, PA – June 7, 2023 – Daniel J. Santaniello, President and Chief Executive Officer of Fidelity Bank, is pleased to announce that Rosemarie Coyne, CPA, has been promoted to Controller.
With over 11 years of financial accounting experience, Coyne has served as Financial Reporting Specialist since 2012. A 2008 graduate of The Pennsylvania State University, she earned her Bachelor of Science in Accounting with a minor in Business Law and in 2011, became a Certified Public Accountant (CPA).
In her new role, she will be responsible for all accounting and financial reporting for the company. She will also oversee the accounting systems, internal control structure, accounting operations and tax reporting, as well as manage a team of accountants and accounting services bankers.
“Rose has continuously and consistently demonstrated her ability, commitment, and focus,” said Salvatore R. DeFrancesco, EVP and CFO. “She’s continued to exceed expectations. We are excited for her as she moves into this next stage of her successful career, and we look forward to her future contributions to the company.”
Coyne is a member of the Pennsylvania Institute of Certified Public Accountants. Active in the community she’s also been a member of the Junior League of Scranton since 2015, and co-founded the NEPA ALS Foundation.
About Fidelity Bank
Fidelity Bank has built a strong history as trusted financial advisor and continues its mission of exceeding client expectations through a unique banking experience. It operates 20 full-service offices throughout Lackawanna, Luzerne, Lehigh and Northampton Counties, along with a limited production commercial office in Luzerne County and a Fidelity Bank Wealth Management Office in Schuylkill County. Fidelity Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app, and in the Client Care Center at 1-800-388-4380. Additionally, the Bank offers full-service Wealth Management & Brokerage Services, a Mortgage Center, and an array of personal and business banking products and services. Part of the Company’s vision is to serve as the best bank for the community, which was accomplished by having provided over 4,100 hours of volunteer time and over $1.6 million in donations to non-profit organizations directly within the markets served throughout 2022. Fidelity Bank's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.