Exhibit 99.1

FIDELITY D & D BANCORP, INC.

FOR IMMEDIATE RELEASE

Date: April 29, 2009

Contacts:

Steven C. Ackmann	Salvatore R. DeFrancesco, Jr.
President and	Treasurer and
Chief Executive Officer	Chief Financial Officer
570-346-4156	570-504-8000

FIDELITY D & D BANCORP, INC.

FIRST QUARTER 2009 FINANCIAL RESULTS

Dunmore, PA — Fidelity D & D Bancorp, Inc., (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended March 31, 2009 of $825,000 compared to $1,089,000 for the first quarter of 2008.  Earnings per share on a fully diluted basis for the quarter totaled $0.40 compared to $0.52 for the prior year period.

Net interest income increased $278,000 to $4,825,000 for the quarter ended March 31, 2009 from $4,547,000 recorded during the first quarter of 2008.  The lower rates on interest-bearing deposits produced cost savings, which coupled with the interest income generated by the commercial loan growth offset the lower yields on earning assets, resulting in additional net interest income earned for the first quarter of 2009.  These factors improved net interest margin to 3.73% for the first quarter of 2009, compared to 3.37% for same 2008 period.

A provision for loan loss of $425,000 was recorded during the first quarter of 2009 with no provision required for the 2008 period.  The allowance for loan losses was 1.20% of total loans at March 31, 2009, up from 1.10% at March 31, 2008.

Total other income recorded for the quarter ended March 31, 2009 was $1,313,000, compared to $1,296,000 for the same quarter in 2008.  Robust mortgage banking activities produced gains that offset a non-cash other-than-temporary impairment charge and lower deposit fee levels during the quarter.

Total other operating expenses increased $269,000 from $4,393,000 to $4,662,000 for the quarters ended March 31, 2008 and 2009, respectively.  The operating expense increase resulted primarily from salary and employee benefits and occupancy expenses incurred during in the first quarter of 2009 as compared to 2008.

“Performance in the first quarter was encouraging with gross margins strong and loan growth continuing,” stated Steven C. Ackmann, President and CEO.  “Our profits were negatively impacted by further write-downs that occurred in the investment portfolio.  With the lack of active markets for many of these securities, we are forced to rely upon valuation models, which are leading us and many others in the industry to take charges on securities.”

The Company’s assets totaled $566,786,000 at March 31, 2009 down from $575,719,000 at December 31, 2008.

Fidelity D & D Bancorp, Inc. serves Lackawanna and Luzerne Counties through The Fidelity Deposit and Discount Bank’s twelve community banking offices.  The Bank’s deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.

For more information please visit our investor relations web site located through

www.bankatfidelity.com.

This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Actual results and trends could differ materially from those set forth in such statements due to various factors.  These factors include the possibility that increased demand or prices for the company’s financial services and products may not occur, changing economic, interest rate and competitive conditions, technological developments and other risks and uncertainties, including those detailed in the company’s filings with the Securities and Exchange Commission.

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

At Period End:	Mar. 31, 2009			Dec. 31, 2008			Sep. 30, 2008			Jun. 30, 2008			Mar. 31, 2008
Assets
Total cash and cash equivalents	$	20,800,732		$	12,771,147		$	13,375,299		$	16,040,466		$	23,378,954
Investment securities	78,949,503			84,187,579			87,179,549			129,244,167			136,320,024
Federal Home Loan Bank Stock	4,781,100			4,781,100			4,770,700			4,358,300			3,387,800
Loans and leases	426,269,981			441,036,694			431,293,559			418,650,319			399,582,768
Allowance for loan losses	(5,097,641		)	(4,745,234		)	(4,205,566		)	(4,188,571		)	(4,378,924		)
Premises and equipment, net	15,871,074			16,056,362			16,018,219			12,912,023			12,947,438
Life insurance cash surrender value	8,886,844			8,807,784			8,728,568			8,645,597			8,564,950
Other assets	16,323,980			12,823,565			12,383,084			12,901,595			14,073,523
Total assets	$	566,785,573		$	575,718,997		$	569,543,412		$	598,563,896		$	593,876,533
Liabilities
Non-interest-bearing deposits	$	69,296,833		$	71,442,651		$	69,619,234		$	74,765,086		$	69,486,801
Interest-bearing deposits	394,857,294			361,869,281			365,812,303			373,468,779			386,356,675
Total deposits	464,154,127			433,311,932			435,431,537			448,233,865			455,843,476
Short-term borrowings	10,741,814			38,129,704			17,086,314			29,674,336			9,879,537
Long-term debt	42,000,000			52,000,000			62,071,661			62,285,582			62,494,906
Other liabilities	4,427,884			3,316,710			4,335,911			5,318,030			9,465,660
Total liabilities	521,323,825			526,758,346			518,925,423			545,511,813			537,683,579
Shareholders’ equity	45,461,748			48,960,651			50,617,989			53,052,083			56,192,954
Total liabilities and shareholders’ equity	$	566,785,573		$	575,718,997		$	569,543,412		$	598,563,896		$	593,876,533

Average Quarterly Balances:	Mar. 31, 2009		Dec. 31, 2008		Sep. 30, 2008		Jun. 30, 2008		Mar. 31, 2008
Assets
Total cash and cash equivalents	$	12,902,871	$	11,389,500	$	11,483,829	$	12,025,621	$	23,587,839
Investment securities	86,550,978		90,153,057		117,713,728		138,429,282		133,209,250
Loans and leases, net	433,903,852		434,511,745		421,771,678		402,874,033		406,336,700
Premises and equipment, net	16,048,369		15,948,591		13,315,976		12,951,487		12,981,354
Other assets	22,889,530		21,628,663		19,744,364		19,358,141		15,966,685
Total assets	$	572,295,600	$	573,631,556	$	584,029,575	$	585,638,564	$	592,081,828
Liabilities
Non-interest-bearing deposits	$	68,083,243	$	69,665,796	$	69,069,124	$	65,591,257	$	66,504,221
Interest-bearing deposits	380,508,523		366,709,783		360,426,504		378,477,080		380,896,695
Total deposits	448,591,766		436,375,579		429,495,628		444,068,337		447,400,916
Short-term borrowings and long-term debt	72,666,503		83,447,025		97,685,420		81,129,443		84,068,238
Other liabilities	3,366,585		4,093,554		4,466,079		5,005,066		4,456,310
Total liabilities	524,624,854		523,916,158		531,647,127		530,202,846		535,925,464
Shareholders’ equity	47,670,746		49,715,398		52,382,448		55,435,718		56,156,364
Total liabilities and shareholders’ equity	$	572,295,600	$	573,631,556	$	584,029,575	$	585,638,564	$	592,081,828

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Statements of Income

	Three Months Ended
	Mar. 31, 2009		Mar. 31, 2008
Interest income
Loans and leases	$	6,675,522	$	6,887,210
Securities and other	1,151,891		1,857,622
Total interest income	7,827,413		8,744,832
Interest expense
Deposits	2,191,772		3,233,736
Borrowings and debt	810,821		964,260
Total interest expense	3,002,593		4,197,996
Net interest income	4,824,820		4,546,836
Provision for loan losses	425,000		—
Other income	1,313,362		1,295,542
Other expenses	4,661,942		4,392,749
Provision for income taxes	226,182		360,682
Net income	$	825,058	$	1,088,947

	Three Months Ended
	Mar. 31, 2009		Dec. 31, 2008		Sep. 30, 2008		Jun. 30, 2008		Mar. 31, 2008
Interest income
Loans and leases	$	6,675,522	$	6,911,146	$	6,905,422	$	6,860,510	$	6,887,210
Securities and other	1,151,891		1,272,950		1,514,018		1,752,556		1,857,622
Total interest income	7,827,413		8,184,096		8,419,440		8,613,066		8,744,832
Interest expense
Deposits	2,191,772		2,454,253		2,598,805		2,831,400		3,233,736
Borrowings and debt	810,821		821,689		941,488		838,502		964,260
Total interest expense	3,002,593		3,275,942		3,540,293		3,669,902		4,197,996
Net interest income	4,824,820		4,908,154		4,879,147		4,943,164		4,546,836
Provision for loan losses	425,000		685,000		130,000		125,000		—
Other income	1,313,362		1,172,647		844,443		1,265,669		1,295,542
Other expenses	4,661,942		4,700,740		4,672,654		4,444,540		4,392,749
Provision for income taxes	226,182		93,121		179,821		435,347		360,682
Net income	$	825,058	$	601,940	$	741,115	$	1,203,946	$	1,088,947

FIDELITY D & D BANCORP, INC.

Selected Financial Ratios and Other Data

	Three Months Ended
	Mar. 31, 2009			Dec. 31, 2008			Sep. 30, 2008			Jun. 30, 2008			Mar. 31, 2008
Selected returns and financial ratios
Diluted earnings per share	$	0.40		$	0.30		$	0.35		$	0.59		$	0.52
Dividends per share	$	0.25		$	0.25		$	0.25		$	0.25		$	0.25
Yield on interest-earning assets (FTE)	5.97		%	6.13		%	6.17		%	6.39		%	6.39		%
Cost of interest-bearing liabilities	2.69		%	2.90		%	3.07		%	3.21		%	3.63		%
Net interest spread	3.28		%	3.23		%	3.10		%	3.18		%	2.76		%
Net interest margin	3.73		%	3.72		%	3.62		%	3.71		%	3.37		%
Return on average assets	0.58		%	0.42		%	0.50		%	0.83		%	0.74		%
Return on average equity	7.02		%	4.82		%	5.63		%	8.73		%	7.80		%
Efficiency ratio	70.33		%	73.33		%	74.84		%	70.17		%	73.64		%
Expense ratio	2.15		%	2.35		%	2.35		%	2.19		%	2.10		%

Other data

	Mar. 31, 2009			Dec. 31, 2008			Sep. 30, 2008			Jun. 30, 2008			Mar. 31, 2008
Book value per share	$	21.94		$	23.73		$	24.55		$	25.63		$	27.08
Equity to assets	8.02		%	8.50		%	8.89		%	8.86		%	9.46		%
Allowance for loan losses to:
Total loans	1.20		%	1.08		%	0.98		%	1.00		%	1.10		%
Non-accrual loans	0.70		x	1.36		x	1.35		x	1.14		x	0.97		x
Non-accrual loans to net loans	1.72		%	0.80		%	0.73		%	0.88		%	1.14		%
Non-performing assets to total assets	1.56		%	0.96		%	0.90		%	0.79		%	0.84		%