Expanding our locations in December 2025

DUBUQUE, IA (November 2025) – James R. Kennedy, Jr., Fidelity Bank & Trust Chairman of the Board, announced the bank will acquire State Savings Bank in Rake, IA and Frost State Bank in Frost, MN on December 5, 2025.

“We are excited to expand our footprint and share our mission of making hometown lives better,” said Kennedy, Jr.  “Together, we will continue to build on the strong legacy these banks have, while bringing expanded resources and opportunities to the communities they serve,” he added. 

Fidelity Bank & Trust currently has banking locations in Iowa, Wisconsin and Illinois.  These acquisitions reflect a shared commitment to community banking, strong customer relationships, and local decision-making.

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PHOTO: James R. Kennedy, Jr., Chairman of the Board, Fidelity Bank & Trust