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FIDELITY SAVINGS BANK ANNOUNCES PURCHASE OF ADDITIONAL BRANCH OFFICES

FIDELITY SAVINGS BANK ANNOUNCES PURCHASE OF ADDITIONAL BRANCH OFFICES
 PITTSBURGH, Nov. 15 /PRNewswire/ -- Fidelity Savings Bank, PaSA (NASDAQ: FSVA) announced today that it has acquired two former Atlantic Financial Savings, F.A. branch offices from the Resolution Trust Corporation. The branches, located at Duncan Manor Plaza in Allison Park and at 4719 Liberty Ave. in Bloomfield, will continue to operate as branches of Fidelity. Insured deposits of Allison Park and Bloomfield branches combined are approximately $72.76 million.
 The offices will operate as full-service branch offices and join six existing Fidelity branches located in Pittsburgh, the North Hills, Mt. Lebanon, and Zelienople. William L. Windisch, president of Fidelity, said he is pleased that Fidelity will now be able to offer its wide range of products and services to residents of Bloomfield and the surrounding areas. He went on to say that acquiring the Allison Park office will let the bank extend its services to more residents of the North Hills and offer additional convenience to its existing customers.
 At Sept. 30, 1991 Fidelity had total assets of $186.5 million and total capital of $15.3 million or 8.21 percent of assets. With the addition of the two branches, assets will increase to $254 million. The net worth to assets ratio will be 6.04 percent. Fidelity Savings Bank PaSA is a Pennsylvania-chartered, FDIC-insured savings association conducting business in Allegheny and Butler counties.
 -0- 11/15/91
 /CONTACT: William L. Windisch, president & CEO or Richard G. Spencer, vice president-finance, both of Fidelity, 412-367-3300/
 (FSVA) CO: Fidelity Savings Bank, PaSA; Atlantic Financial Savings, F.A. ST: Pennsylvania IN: FIN SU: TNM JT -- NY111 -- 1807 11/15/91 18:37 EST
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Publication:PR Newswire
Date:Nov 15, 1991
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