History | Oklahoma Fidelity Bank  (2024)

FAQs

History | Oklahoma Fidelity Bank ? ›

For the organization that began in 1905 as the Fidelity Investment Company, Fidelity Bank's philosophy has remained the same: To create a better future by acting with courage and integrity alongside our customers and in our communities.

While times have changed, Fidelity Bank has remained true to its roots. Today, we are not owned by investors. We are owned by the families who deposited their hard earned savings here. At Fidelity Bank, we have shortened our name and expanded our branch network to serve more people.

Fidelity Bank Plc began operations in 1988 as Fidelity Union Merchant Bank Limited. By 1990, it had distinguished itself as the fastest growing merchant bank in the country.

The Boston-based Johnson family owns 49% of mutual fund company Fidelity. The other 51% is owned by employees. Abigail Johnson is the third generation of the family to run the company. She took over from her father Edward "Ned" Johnson III in 2014.

Wells Fargo and Fidelity Investments are independent entities and are not legally affiliated.

The Fidelity^® Debit Card is issued by PNC Bank, N.A., and the debit card program is administered by BNY Mellon Investment Servicing Trust Company. These entities are not affiliated with each other or with Fidelity Investments.

Fidelity Bank Plc has announced the completion of the acquisition of a 100% stake in Union Bank Plc.

The forerunner of Fidelity Bank – The Fidelity Investment Company – opened its doors for business in Wichita in 1905 as a mortgage lender. Homer C. Bastian, Kansas' first director of the Federal Housing Administration, acquired the operation in 1942.

Who acquired Fidelity Federal Savings Bank? Fidelity Federal Savings Bank was acquired by Mutual Federal Savings Bank (Indiana).

What is the downside to Fidelity? ›

In most situations, you will find what you need at Fidelity. There are a few downsides. Fidelity does not offer cryptocurrency investing. The company is also missing some features found on other investment platforms, like futures trading and paper trading, where you can practice trading.

Fidelity Investments is owned by privately held FMR LLC, which is controlled by the Johnson family.

Fidelity was voted the most trusted wealth management company for 2023 by the readers of Investor's Business Daily,⁹ earning top rankings for "financial soundness, quality of products and services, protecting privacy and security, and sensitivity to customer needs."

The Bank is owned by Ghanaian individuals, other institutional investors and its senior executives. The Bank was formerly Fidelity Discount House, the leading discount house in Ghana. After operating profitably for 8 years, the business environment in the country attracted investors to the idea of establishing a bank.

Fidelity Investments® is an independent company, unaffiliated with U.S. Bank. Fidelity Investments and U.S. Bank are not affiliated.

Welcome to the new era of banking with Scale Bank, formerly Fidelity Bank. Our motto, “Do More,” encapsulates our mission: to elevate your journey to the next level of success.

Who acquired Fidelity Federal Savings Bank? Fidelity Federal Savings Bank was acquired by Mutual Federal Savings Bank (Indiana).

It initially started with a Merchant Banking license. Fidelity Bank converted to a commercial bank in the year 1999 in an attempt to grow, as a private limited company and became a Public Limited Company also in the year 1999, in the month of August. It re-branded to Fidelity Bank Plc that year.