Fidelity D&D Bancorp buys Scranton Electric Building for new HQ; project ~$20M

FIDELITY D & D BANCORP INC

Purchased the iconic Scranton Electric Building in downtown Scranton for new corporate headquarters.
Total project cost expected to be about $20 million; received $4 million in state RACAP funding.
Move consolidates corporate functions and will bring over 130 workers to downtown Scranton.
Bank's asset size grew >$1.8B since 2011; number of bankers more than doubled in that period.
New HQ will include offices, a bank branch, and a wealth management center.

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