FIDELITY D & D BANCORP Business Summary

Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) operates as the bank holding company for The Fidelity Deposit and Discount Bank, generating revenue primarily through net interest income derived from a diversified portfolio of commercial and industrial loans, residential mortgages, and consumer credit products. The company’s business model is segmented into retail banking, commercial lending, and a robust wealth management and trust division, which contributes significant non-interest income through fiduciary fees and investment advisory services. Serving the Northeastern Pennsylvania and Lehigh Valley markets, FDBC focuses on a relationship-driven community banking strategy, leveraging local deposit gathering to fund its lending activities. Its primary direct competitors include Peoples Financial Services Corp. (PFIS), Norwood Financial Corp. (NWFL), and Landmark Bancorp, Inc. (LARK). Within this competitive set, FDBC maintains a strong market position by balancing traditional community bank agility with sophisticated wealth management services typically reserved for larger regional institutions. Leadership is directed by President and Chief Executive Officer Daniel J. Santaniello, who has overseen the bank’s strategic expansion and digital modernization efforts for over a decade. The executive team includes Salvatore R. DeFrancesco, Jr., serving as Treasurer and Chief Financial Officer, and Eugene J. Walsh, who serves as Executive Vice President and Chief Operating Officer, both of whom bring extensive experience in regional financial management and regulatory compliance. The Board of Directors is chaired by Brian J. Cali, a prominent legal professional with deep ties to the Pennsylvania business community. The company’s governance is characterized by significant insider ownership and long-term stability, with major institutional backing from firms such as BlackRock and Vanguard. Founded in 1902, the institution’s pedigree is rooted in its historical role as a localized financial pillar, a legacy maintained by a board composed of regional business leaders and industry veterans.