secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001098151-22-000010
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000109815122000010/0001098151-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000109815122000010/fdbc-20220421x8k.htm
  HTML page:      https://secwatch.observer/filing/0001098151-22-000010

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