UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SEC File Number - 0-22880
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FORM 12b-25
NOTIFICATION OF LATE FILING
(X) Form 10-K ( ) Form 20-F ( ) Form 11-K ( ) Form 10-Q ( ) Form N-SAR
For Period Ended: June 30, 1998
( ) Transition Report on Form 10-K
( ) Transition Report on Form 20-F
( ) Transition Report on Form 11-K
( ) Transition Report on Form 10-Q
( ) Transition Report on Form N-SAR
For the Transition Period Ended: ____________________
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR TYPE
Nothing in the form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
FIDELITY FEDERAL BANCORP
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Full Name of Registrant
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Former Name if Applicable
700 S. GREEN RIVER ROAD, SUITE 2000
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Address of Principal Executive Office (Street and Number)
EVANSVILLE, INDIANA 47715
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City, State and Zip Code
PART II - RULES 12b-25(b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check appropriate box)
(X) (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense:
(X) (b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the prescribed
due date; or the subject quarterly report of transition report on Form
10-Q, or portion thereof will be filed on or before the fifth calendar
day following the prescribed due date; and
(X) (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed)
FIDELITY FEDERAL BANCORP
EXHIBIT TO SECURITIES AND EXCHANGE COMMISSION FORM 12b-25
"NOTIFICATION OF LATE FILING"
FORM 10K FOR YEAR ENDED JUNE 30, 1998
During the fourth quarter of Fidelity Federal Bancorp's (the "Registrant")
fiscal year, the Registrant's primary regulator, the Office of Thrift
Supervision ("OTS"), performed an examination of the Registrant and it's banking
subsidiary, United Fidelity Bank fsb. The examination resulted in a change in
the methodology used by the Registrant to compute the allowance for loan losses
and to establish reserves for letters of credit. The change in the method of
computing these accounting estimates resulted in the amendment of the
Registrant's third quarter Form 10Q to record an additional provision for loan
losses of $1.4 million, and an increase in non-interest expense of $8.7 million.
The increase in non-interest expense consisted primarily of an addition to the
letter of credit valuation allowance of $6.8 million.
The timing associated with the completion of the OTS examination did not allow
management adequate time to conclude on and record these adjustments and
therefore did not allow us, the independent auditors of the Registrant, to
complete the audit of the June 30, 1998 financial statements without
unreasonable effort or expense.
Olive LLP
Evansville, Indiana
September 28, 1998
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Donald R. Neel 812 429-0550 ext 301
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(Name) (Area code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months (or for such shorter) period
that the registrant was required to file such report(s) been filed? If
answer is no, identify report(s). (X) Yes ( ) No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion
thereof? ( ) Yes (X) No
If so, attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made:
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FIDELITY FEDERAL BANCORP
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
DATE: September 28, 1998 BY: /s/ DONALD R. NEEL
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Donald R. Neel
Executive Vice President, CFO and
Treasurer
(Principal Financial Officer)
