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United Fidelity Bank News

Fidelity Federal Bancorp Closes Private Placement Offerings of $30 Million in Subordinated Notes

Fidelity Federal Bancorp (“Company”), parent company of Evansville-based United Fidelity Bank, fsb (“Bank”), announced today it has completed a $30 million private placement of fixed-to-floating rate subordinated notes. The Company intends to use the capital to lend to affiliate entities, support bank-level capital ratios, and for general corporate purposes, including supporting the Company’s ongoing acquisitions strategy, the Bank’s continued growth in affordable housing activities, and to redeem existing holding company obligations.

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United Fidelity Bank is affiliated with the Allpoint®, MoneyPass®, and Alliance One™ ATM networks. No matter where you are traveling, you are close to a Surcharge-Free ATM. There are no surcharge fees when our customers access any ATM displaying the Allpoint®, MoneyPass®, or Alliance One™  logos.

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