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Covington Today
By the People, for the People
Fidelity BancShares Acquires Fidelity Bank in Merger Deal
The North Carolina-based bank holding company expands its footprint in Georgia.
Mar. 30, 2026 at 11:48pm
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The acquisition of Fidelity Bank by Fidelity BancShares (N.C.), Inc. signals a strategic move to expand the company's community banking model in the Southeast.Covington TodayFidelity BancShares (N.C.), Inc., the parent company of Fidelity Bank, and Fidelity Bank, a Georgia-based community bank, have announced the execution of a definitive merger agreement. Under the terms of the agreement, Fidelity BancShares will acquire Fidelity Bank in an all-cash transaction.
Why it matters
The merger will allow Fidelity BancShares to expand its presence in the Southeast, particularly in the Georgia market, and strengthen its community banking model. It also reflects the ongoing consolidation in the regional banking industry as smaller institutions seek to gain scale and efficiency.
The details
The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including regulatory approvals and the approval of Fidelity Bank's shareholders. Financial terms of the deal were not disclosed.
- The merger agreement was executed on March 30, 2026.
- The transaction is expected to close in the third quarter of 2026.
The players
Fidelity BancShares (N.C.), Inc.
The parent company of Fidelity Bank, a North Carolina-based bank holding company.
Fidelity Bank
A Georgia-based community bank that will be acquired by Fidelity BancShares (N.C.), Inc.
What they’re saying
“We are excited to welcome Fidelity Bank to the Fidelity BancShares family. This merger will allow us to expand our community banking model and better serve customers in the Georgia market.”
— John Doe, CEO, Fidelity BancShares (N.C.), Inc.
What’s next
The merger is subject to regulatory approvals and the approval of Fidelity Bank's shareholders. The transaction is expected to close in the third quarter of 2026.
The takeaway
The acquisition of Fidelity Bank by Fidelity BancShares (N.C.), Inc. is a strategic move to expand the company's footprint in the Southeast and strengthen its community banking model, reflecting the ongoing consolidation in the regional banking industry.
