Fidelity BancShares Acquires Fidelity Bank in Merger Deal

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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 Today

Fidelity 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.

What they’re saying

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.