Fidelity Bankshares, Inc.

Fidelity Bankshares, Inc. is a Delaware corporation and the holding company parent of Fidelity Federal Bank & Trust. All references in this filing to share data (including number of shares and per-share amounts) have been restated giving retroactive recognition to the exchange rate. At December 31, 2005, the only significant asset or business activity of Fidelity Bankshares, Inc. was its ownership of all of the outstanding stock of Fidelity Federal Bank & Trust. Our corporate office is located at 205 Datura Street, West Palm Beach, Florida 33401. Our telephone number is (561) 803-9900.

On April 1, 2005...