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Fidelity Announces President and CEO

New Executive Management Team Has Been Appointed

Patrick Dempsey, chairman of the boards of Fidelity D & D Bancorp, Inc. and The Fidelity Deposit and Discount Bank, announced two major appointments today at a special meeting of Fidelity Bank employees at the Dunmore Corners location. Daniel J. Santaniello was appointed President and CEO of the Company and Fidelity Bank and Timothy P. O’Brien was named Senior Executive Vice President of the Company and Fidelity Bank.

Mr. Dempsey outlined how Fidelity Bank, under the direction of its experiences management team, has emerged a stronger and more efficient institution following one of the most challenging chapters in its over 100-year history. Dempsey sang the praises of both Santaniello and O’Brien as the leaders of the senior management team that led the recent effort to be more focused on enhancing value to the Company’s investors while maintaining exceptional service to its customers. He outlined how the team crafted and executed difficult and sweeping initiatives to control expenditures, increase efficiencies and improve profitability.

Daniel J. Santaniello has served as Executive Vice President and Chief Operating Officer of the Bank since 2001. He is also a member of the Board’s Asset and Liability committee, Credit Administration committee and the Trust/401(k) committee. Prior to joining Fidelity, Mr. Santaniello was Senior Vice President of Retail Sales and Administration at another financial institution in Northeastern Pennsylvania. Mr. Santaniello has served as President of the American Heart Association, Vice President of the Board of Directors of the Greater Scranton Chamber of Commerce as well as the Great Valley Technology Alliance and Treasurer of the Prostate Cancer Awareness Foundation.

Timothy O’Brien has served as Executive Vice President and Chief Commercial Banking Officer of the Bank since 2008. He has brought over 35 years of experience to the position. Previously, Mr. O’Brien served in various executive management positions at other local and regional financial institutions. Mr. O’Brien serves on the Board of Directors for St. Joseph’s Center, the Scranton Cultural Center and has been a board member of both the Greater Pittston and Greater Scranton Chambers of Commerce. He is also a member of the Finance and Audit Committees for The Commonwealth Medical College.

Since August of 2009, Mr. Dempsey has served the Company and Fidelity Bank in the dual roles of both board chairman and interim chief executive officer. “Both Dan Santaniello as our Chief Operating Officer and Tim O’Brien as our Chief Commercial Banking Officer have done an outstanding job over these past 15 months,” stated Mr. Dempsey. “We are fortunate to have two such dedicated and capable professionals heading our organization. The process for selecting our leadership was a difficult one for the Board of Directors, but our investors and customers can stand confident that the strong future of our bank is in exceptionally capable hands.”

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