Attached files

file filename
10-K - FORM 10-K - FIDELITY BANCORP INCd10k.htm
EX-21 - SUBSIDIARIES - FIDELITY BANCORP INCdex21.htm
EX-32 - SECTION 906 CEO & CFO CERTIFICATION - FIDELITY BANCORP INCdex32.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - FIDELITY BANCORP INCdex312.htm
EX-23.1 - CONSENT OF S.R. SNODGRASS A.C. - FIDELITY BANCORP INCdex231.htm
EX-99.1 - EESA SECTION 111(B)(4) CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - FIDELITY BANCORP INCdex991.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - FIDELITY BANCORP INCdex311.htm

Exhibit 99.2

EESA §111(b)(4) Certification for First Fiscal Year

I, Lisa L. Griffith, certify, based on my knowledge, that:

(i) The compensation committee of Fidelity Bancorp, Inc. has discussed, reviewed, and evaluated with senior risk officers at least every six months during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date, senior executive officer (SEO) compensation plans and employee compensation plans and the risks these plans pose to Fidelity Bancorp, Inc.;

(ii) The compensation committee of Fidelity Bancorp, Inc. has identified and limited during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date, the features in the SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Fidelity Bancorp, Inc. and identified any features in the employee compensation plans that pose risks to Fidelity Bancorp, Inc. and limited those features to ensure that Fidelity Bancorp, Inc. is not unnecessarily exposed to risks;

(iii) The compensation committee has reviewed at least every six months during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date, the terms of each employee compensation plan and identified the features in the plan that could encourage the manipulation of reported earnings of Fidelity Bancorp, Inc. to enhance the compensation of an employee and has limited those features;

(iv) The compensation committee of Fidelity Bancorp, Inc. will certify to the reviews of the SEO compensation plans and employee compensation plans required under (i) and (iii) above;

(v) The compensation committee of Fidelity Bancorp, Inc. will provide a narrative description of how it limited during any part of the most recently completed fiscal year that included a TARP period the features in

 

  (A)

SEO compensation plans that could lead SEOs to take unnecessary and excessive risks that could threaten the value of Fidelity Bancorp, Inc.;

 

  (B)

Employee compensation plans that unnecessarily expose Fidelity Bancorp, Inc. to risks; and

 

  (C)

Employee compensation plans that could encourage the manipulation of reported earnings of Fidelity Bancorp, Inc. to enhance the compensation of an employee;

(vi) Fidelity Bancorp, Inc. has required that bonus payments, as defined in the regulations and guidance established under section 111 of EESA (bonus payments), of the SEOs and twenty next most highly compensated employees be subject to a recovery or “clawback” provision during any part of the most recently completed fiscal year that was a TARP period if the bonus payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria;

(vii) Fidelity Bancorp, Inc. has prohibited any golden parachute payment, as defined in the regulations and guidance established under section 111 of EESA, to an SEO or any of the next five most highly compensated employees during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date;


(viii) Fidelity Bancorp, Inc. has limited bonus payments to its applicable employees in accordance with section 111 of EESA and the regulations and guidance established thereunder during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date;

(ix) The board of directors of Fidelity Bancorp, Inc. has established an excessive or luxury expenditures policy, as defined in the regulations and guidance established under section 111 of EESA, has provided this policy to Treasury and its primary regulatory agency, and Fidelity Bancorp, Inc. and its employees have complied with this policy during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date, and that any expenses requiring approval of the board of directors, a committee of the board of directors, an SEO, or an executive officer with a similar level of responsibility, were properly approved;

(x) Fidelity Bancorp, Inc. will permit a non-binding shareholder resolution in compliance with any applicable Federal securities rules and regulations on the disclosures provided under the Federal securities laws related to SEO compensation paid or accrued during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date;

(xi) Fidelity Bancorp, Inc. will disclose the amount, nature, and justification for the offering during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date of any perquisites, as defined in the regulations and guidance established under section 111 of EESA, whose total value exceeds $25,000 for each employee subject to the bonus payment limitations identified in paragraph (vii);

(xii) Fidelity Bancorp, Inc. will disclose whether Fidelity Bancorp, Inc., the board of directors of Fidelity Bancorp, Inc., or the compensation committee of Fidelity Bancorp, Inc. has engaged during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date, a compensation consultant; and the services the compensation consultant or any affiliate of the compensation consultant provided during this period;

(xiii) Fidelity Bancorp, Inc. has prohibited the payment of any gross-ups, as defined in the regulations and guidance established under section 111 of EESA, to the SEOs and the next twenty most highly compensated employees during the period beginning on the later of the closing date of the agreement between the TARP recipient and Treasury or June 15, 2009 and ending with the last day of the TARP recipient’s fiscal year containing that date;

(xiv) Fidelity Bancorp, Inc. has substantially complied with all other requirements related to employee compensation that are provided in the agreement between Fidelity Bancorp, Inc. and Treasury, including any amendments;

(xv) The following employees are the SEOs and the twenty next most highly compensated employees for the current fiscal year and the most recently completed fiscal year, with the non-SEOs ranked in order of level of annual compensation starting with the greatest amount:

 

Name

  

Title

  

Employer

Richard G. Spencer

  

President and Chief Executive Officer

  

Fidelity Bank, PaSB

Michael A. Mooney

  

Executive Vice President and Chief Lending Officer

  

Fidelity Bank, PaSB

Lisa L. Griffith

  

Senior Vice President and Chief Financial Officer

  

Fidelity Bank, PaSB

Anthony   F. Rocco

  

Senior Vice President Community Banking

  

Fidelity Bank, PaSB


Sandra L. Lee    Senior Vice President Operations    Fidelity Bank, PaSB
Lynda J. Wargo    Senior Mortgage Loan Officer    Fidelity Bank, PaSB
Leonard T. Conley    Vice President Residential Lending    Fidelity Bank, PaSB
Richard L. Barron    Senior Vice President Human Resources    Fidelity Bank, PaSB
Linda D. Metzmaier    Vice President Internal Audit/Compliance    Fidelity Bank, PaSB
Stephen D. Bilko    Vice President Commercial Loan Officer    Fidelity Bank, PaSB
Chad P. Coblitz    Vice President Accounting    Fidelity Bank, PaSB
Mark A. Kappeler    Vice President Consumer Lending    Fidelity Bank, PaSB
Neal H. Jackson    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
George R. Harris    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
Lynne A. Manski    Vice President Marketing    Fidelity Bank, PaSB
Lisa K. McQuade    Vice President Commercial Loan Officer    Fidelity Bank, PaSB
Lisa D. Dillon    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
Marcia Rimer Wood    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
Lisa M. Kooker    Assistant Vice President Commercial Lending    Fidelity Bank, PaSB
Linda M. Yon    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
Christine J. Hoffman    Vice President Operations    Fidelity Bank, PaSB
Rork C. Ramfos    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
Steven J. Oravec    Manager Network Administration    Fidelity Bank, PaSB
Ernest D. Barker    Assistant Vice President Business Development Officer    Fidelity Bank, PaSB
Cheryl A. Giampole    Mortgage Loan Officer    Fidelity Bank, PaSB

; and

(xvi) I understand that a knowing and willful false or fraudulent statement made in connection with this certification maybe punished by fine, imprisonment, or both. [See, for example, 18 U.S.C. 1001]

 

By:   /s/ Lisa L. Griffith
  Lisa L. Griffith
  Principal Financial Officer