Governance - Fidelity Bank (2024)

FAQs

Is Fidelity Bank a government bank? ›

As the largest privately owned Ghanaian bank, Fidelity Bank Ghana Ltd. firmly believes in facilitating the growth agenda of Ghana through strategic partnerships, timely financial interventions, and innovative products and services.

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

Yes, Fidelity Bank is insured by the FDIC, which insures up to $250,000 per depositor for every FDIC-insured bank. Since the FDIC began operations in 1933, no depositor has ever lost a penny of FDIC-insured deposits.

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.

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

Fidelity Bank is Born

In 1979, Fidelity Bank's headquarters in Fuquay-Varina, North Carolina opened for business.

Who is the CEO of Fidelity Bank? ›

Dr. Nneka Onyeali-Ikpe, OON (born July 28, 1964) is the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc. She joined Fidelity Bank as an Executive Director in 2015 and was appointed Managing Director/CEO in January 2021, becoming the first female MD/CEO in the bank's history.

Fidelity Bank, also known as Fidelity Bank Plc., is a commercial bank in Nigeria headquartered in Victoria Island, Lagos. It is licensed as a commercial bank with international authorization, by the Central Bank of Nigeria (CBN), the central bank and national banking regulator. Fidelity Bank Plc.

Victor Abejegah - CFO - Fidelity Bank PLC | LinkedIn.

Fidelity Bank & Trust's Team of Exceptional Leaders. With more than 300 employees, it's important that we all serve as one team to work best for our customers. Our leadership and board members make that happen. Their unified vision for the future of Fidelity sets the precedent for excellence.

The Fidelity Cash Management Account ("Account") is a brokerage account designed for spending and cash management. Fidelity is not a bank and brokerage accounts are not FDIC-insured, but uninvested cash balances are eligible for FDIC insurance.

Abigail P. "Abby" Johnson became chairman of FMR LLC, in addition to being named chief executive officer in 2014. She is the third generation to lead the privately-owned company.

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.

In its role as the central bank of the United States, the Fed serves as a banker's bank and as the government's bank. As the banker's bank, it helps to assure the safety and efficiency of the payments system.