other material
confidence high
sentiment positive
materiality 0.60
Fidelity D & D Bancorp subsidiary receives additional $2M PA grant for downtown Scranton HQ
FIDELITY D & D BANCORP INC
- Fidelity Bank awarded $2M from Pennsylvania's Redevelopment Assistance Capital Program (RACP), bringing total to $4M.
- Grant supports planned new corporate headquarters in downtown Scranton, creating 175 well-paying jobs initially.
- Bank expects economic multiplier effect benefiting local businesses like restaurants and services.
- President & CEO Daniel J. Santaniello cites the project as key to regional economic revival.