Fidelity Federal Bancorp Names President

EVANSVILLE, Ind., Nov. 13-- Fidelity Federal Bancorp (Nasdaq: FFED), Evansville, Indiana ("Company"), announced that Donald R. Neel, the CFO of the Company, has been named President. Neel, 38, will retain his current duties as Company CFO and as President and CEO of United Fidelity Bank, fsb, the Company's savings bank subsidiary. Neel, a native of the Evansville community, has served in various capacities within the Company, primarily as a senior officer and director in various company subsidiaries.

Regarding the appointment to the additional post of President of Fidelity Federal, Chairman of the Board Jack Cunningham noted, "During Don's tenure with the Bank and Company, he has demonstrated a high level of commitment to the community banking concept. We are pleased that Don will be taking on the additional responsibilities as President of the Company."

Regarding the appointment, Neel noted, "I am extremely fortunate to have the opportunity to work with such a talented senior management team and board of directors, as well as an extremely motivated and determined staff, committed to building a premier community banking franchise. With the rising tide of consolidation in the banking industry, it is now more important than ever that we distinguish ourselves by providing a level of service to our customers and community that is unmatched in our market."

The Company is a unitary savings and loan holding company based in Evansville, Indiana. Its savings bank subsidiary, United Fidelity Bank, fsb maintains five locations, four in Evansville and one in Warrick County. Through its Village Housing Corporation subsidiary, the Company also owns interests in tax-credit real estate housing. The Company's stock is quoted on Nasdaq under the symbol FFED.

Information on Fidelity Federal Bancorp and United Fidelity Bank, fsb is available on the Internet at: http://www.unitedfidelity.com .

Source: Fidelity Federal Bancorp