Fidelity Bank (FBLA) sells mortgage division NOLA Lending Group to First Federal Bank

FB Bancorp, Inc. /MD/

Purchase price equals net book value of tangible assets, security deposits, prepaids, and $1,000 for IP.
Closing expected Q1 2026; First Federal to retain most NOLA Lending Group employees.
Fidelity Bank says 2026 strategy focuses on core banking to support shareholder value.
Transition of mortgage platform to First Federal expected within 60 days of closing; branding retained.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FB Bancorp, Inc. /MD/ entered into Asset Purchase Agreement with First Federal Bank, Lake City, Florida (effective 2025-12-31).

Action: entry
Agreement: asset purchase
Counterparty: First Federal Bank, Lake City, Florida
Effective: 2025-12-31

Exact text from the filing

On December 31, 2025, Fidelity Bank, New Orleans, Louisiana (“Fidelity Bank”), the bank subsidiary of FB Bancorp, Inc. (NASDAQ: FBLA) (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with First Federal Bank, Lake City, Florida (“First Federal Bank”), pursuant to which Fidelity Bank agreed to the sale of certain assets of its NOLA division (“NOLA”) to First Federal Bank (“Asset Purchase”).

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FB Bancorp, Inc. /MD/ filing history →

Source: SEC EDGAR

accession 0000943374-26-000003

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