StockNews.AI
FDBC
StockNews.AI
4 hrs

Fidelity Bank Welcomes James Clemente, CPA, MT and Rocco A. DelVecchio to Board of Directors

1. James Clemente and Rocco DelVecchio join FDBC's Board of Directors. 2. Clemente brings over 45 years of accounting expertise. 3. DelVecchio has extensive leadership experience in financial services. 4. Board changes aim to enhance strategic direction and growth. 5. Fidelity Bank continues strong community service and digital banking efforts.

5m saved
Insight

FAQ

Why Bullish?

The appointment of experienced directors may lead to improved strategic growth, enhancing shareholder value. Historical instances show companies with strong governance often outperform peers.

How important is it?

The strategic emphasis on governance and expertise may enhance operational effectiveness.

Why Long Term?

The Board appointments are likely to influence Fidelity Bank's strategic direction positively over time, as strong leadership can cultivate sustained performance.

Related Companies

Fidelity Bank Strengthens Board of Directors with New Appointments

DUNMORE, Pa., January 2, 2026 (GLOBE NEWSWIRE) — Fidelity Bank has announced the addition of two prominent financial leaders, James Clemente, CPA, MT, and Rocco A. DelVecchio, to its Board of Directors. This strategic move aims to bolster the bank's governance and ensure continued value delivery to clients and shareholders. Their appointments were confirmed by the Boards of Directors of Fidelity D & D Bancorp, Inc. (the “Corporation”) and The Fidelity Deposit and Discount Bank (the “Bank”) on January 2, 2026.

Key Details of the Appointments

James Clemente and Rocco DelVecchio will serve as directors of both the Corporation and the Bank, reflecting their significant expertise in the financial sector:

  • James Clemente will serve until the 2028 annual meeting of shareholders.
  • Rocco DelVecchio will serve until the 2026 annual meeting of shareholders.

James Clemente: A Veteran in Accounting

James Clemente brings over 45 years of experience in accounting and consulting to Fidelity Bank. As Managing Partner at Snyder & Clemente, he has honed his skills in taxation, estate and gift planning, business acquisitions, and IRS representation. He holds the position of Certified Public Accountant (CPA) in Pennsylvania and is an active member of both the American Institute of Certified Public Accountants and the Pennsylvania Institute of Certified Public Accountants. His knowledge was recently leveraged as a director for another local community bank.

Rocco A. DelVecchio: A Proven Financial Leader

Rocco DelVecchio is recognized as a highly accomplished executive within the financial services industry. With decades of leadership across commercial, retail, small business, and wealth management, DelVecchio has demonstrated an ability to manage multi-billion-dollar loan and deposit portfolios effectively. Most recently, he served as a Consultant for Fidelity Bank from 2020 to 2024, and previously held senior leadership roles, including President & CEO and COO, at another regional bank, focusing on profitable growth strategies.

Leadership Remarks on the Appointments

Brian J. Cali, Chairman of the Board of Fidelity Bank, expressed his enthusiasm regarding the new appointments: “James brings exceptional expertise in accounting and taxation, along with a long history of community involvement. His insight and commitment to service will help guide Fidelity Bank’s strategic direction and reinforce our dedication to delivering value for our clients and shareholders.”

Mr. Cali also praised Rocco DelVecchio, stating, “His leadership and extensive banking experience will be a tremendous asset to our Board. His proven ability to drive growth and foster strong client relationships reflects the values that define Fidelity Bank.”

Daniel J. Santaniello, President & CEO of Fidelity Bank, added, “I am excited to welcome James and Rocco. I am confident that their expertise and commitment to the communities we serve will help us continue to build long-term value for our bankers, clients, shareholders, and communities.”

About Fidelity Bank

Fidelity Bank has established a strong reputation as a trusted financial advisor, committed to exceeding client expectations through a unique banking experience. The bank operates 21 full-service offices across Lackawanna, Luzerne, Lehigh, and Northampton Counties. They also provide a digital banking experience through their website at www.bankatfidelity.com and the Fidelity Mobile Banking app.

Fidelity Bank emphasizes community involvement, having dedicated over 5,960 hours of volunteer time and contributing over $1.5 million to non-profit organizations in 2024 alone. Additionally, all deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to the full extent permitted by law.

Contact Information

For further inquiries, please contact:

Tara Smith
VP & Director of Marketing
Phone: (570) 504-2231
Email: Tara.Smith@fddbank.com

Related News