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Article: Chairman Sees D.C. Bank's Fast Start Continuing.(Fidelity and Trust Bank of Bethesda, Md.)(Company Profile)
- Article from:
- American Banker
- Article date:
- March 21, 2005
- Author:
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In its 16 months in business, Fidelity and Trust Bank of Bethesda, Md., has nearly quadrupled its assets, to $206 million, thanks largely to growth in its mortgage banking subsidiary.
But Fidelity's ambition is to be the bank of choice for Washington-area small businesses, and to help it get there it has hired local banking heavyweight Robert Pincus as its new chairman.
Mr. Pincus joined Fidelity March 7, three days after a noncompete agreement with his previous employer, BB&T Corp. expired. Though he will have no day-to-day responsibilities, he is expected to play a large role in raising capital to fund Fidelity's expansion and in drawing commercial clients.
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