Fidelity Bank plans to establish a new headquarters in the heart of downtown Scranton and consolidate 140 well-paying jobs in the city while creating room to grow.
Fidelity President and CEO Daniel Santaniello confirmed the bankâs plans Wednesday after state Sen. John Blake, D-22, Archbald, announced $9 million in state Redevelopment Assistance Capital Program grants for several local projects. Fidelityâs $2 million RACP grant will defray the anticipated $8 million to $12 million cost of constructing a facility or renovating an existing downtown building to serve as the bankâs new corporate center, Santaniello said.
âWe believe that Northeastern Pennsylvania is driven by the success of the city of Scranton,â he said, noting Fidelity feels âitâs incumbent upon us as a corporate leader to look to relocate back into the city and bring . life-sustaining jobs back into the city.â