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DUNMORE, Pa. - Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) announced the retirement of Director Richard Hotchkiss effective Tuesday, according to a company press release.
Hotchkiss, who joined the Fidelity Bank Board of Directors in May 2020 following the merger with MNB Corporation, will continue to serve as Chair of the Lehigh Valley Advisory Board. He previously held the position of Chair of the Credit Administration Committee at Fidelity Bank.
Prior to joining Fidelity Bank, Hotchkiss served as Director and Vice President of Administration and Internal Affairs at MNB Corporation and Merchants Bank of Bangor beginning in 1981. He was later elected Chairman of the Board in November 1997.
Daniel J. Santaniello, President and CEO of Fidelity Bank, acknowledged Hotchkiss’s contributions, noting his "insight and dedication made a lasting impact."
Brian J. Cali, Chairman of the Board, expressed gratitude for Hotchkiss’s service, stating his "unwavering commitment as a Director has been instrumental in shaping Fidelity Bank’s governance and organizational structure."
Before his banking career, Hotchkiss worked in vaccine research and development at a pharmaceutical company. The military veteran later managed several businesses including a family-owned lumber company and a retail and fuel service operation before becoming a certified building inspector in 2003.
Fidelity Bank operates 21 full-service offices throughout Lackawanna, Luzerne, Lehigh, and Northampton Counties in Pennsylvania, along with a Wealth Management Office in Schuylkill County. The bank has demonstrated consistent shareholder returns, maintaining dividend payments for 31 consecutive years and achieving a 5.26% dividend growth in the last year. InvestingPro subscribers can access additional insights about FDBC’s financial performance, including 5+ more exclusive ProTips and comprehensive valuation metrics.
In other recent news, Fidelity D & D Bancorp declared a quarterly dividend of $0.40 per share for the third quarter. This dividend will be payable to shareholders on September 10, 2025, with the record date set for August 15, 2025. Additionally, Fidelity D & D Bancorp announced a leadership change at its subsidiary, Fidelity Deposit and Discount Bank. Michael J. Pacyna, Jr. has been appointed as the Executive Vice President and Chief Credit Officer, transitioning from his previous role as Executive Vice President and Chief Lending Officer. In his new position, Mr. Pacyna will be responsible for overseeing the bank’s Credit and Credit Administration functions, as well as supervising the Loan Operations Department and the Special Assets and Collections Department. These developments highlight recent strategic decisions by the company.
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