Exhibit 99.3

                            FIDELITY FEDERAL BANCORP

To Securities Dealers, Commercial Banks, Trust Companies and Other Nominees:

      We are sending you this letter in connection with our offering to our
stockholders of subscription rights to purchase our common stock (the "Rights
Offering"). We have described the subscription rights and the Rights Offering in
the enclosed Prospectus and evidenced the subscription rights by a Shareholder
Rights Agreement registered in your name or the name of your nominee. We are
asking you to contact your clients for whom you hold our common stock registered
in your name or in the name of your nominee to obtain instructions with respect
to the subscription rights. We have enclosed several copies of the following
documents for you to use:

     1.   The Prospectus;

     2.   The "Instructions for Use of Fidelity Federal Bancorp Shareholders
          Rights Agreements" (including Guidelines for Certification of Taxpayer
          Identification Number on Substitute Form W-9);

     3.   A form letter which may be sent to your clients for whose accounts you
          hold our common stock registered in your name or the name of your
          nominee;

     4.   A Beneficial Owner Election Form, on which you may obtain your
          clients' instructions with regard to the subscription rights;

     5.   A Nominee Holder Certification Form; and

     6.   A return envelope addressed to the Company.

      We request that you act promptly. You may obtain additional copies of the
enclosed materials and may request assistance or information from Deb Fritz,
Assistant Vice President, Shareholder Relations, Fidelity Federal Bancorp, 18 NW
Fourth Street, PO Box 1347, Evansville, Indiana 47706-1347, Telephone: (812)
429-0550 (extension 2226) or (800) 280-8280 (extension 2226).

Very truly yours,


FIDELITY FEDERAL BANCORP

      You are not an agent of the Company, nor of any other person (including
the Company) who is deemed to be making or who is making offers of our common
stock in the Rights Offering, and you are not authorized to make any statements
on their or our behalf, except for statements made in the Prospectus.