Fidelity Bank plc was incorporated as a limited liability company on 19 November, 1987. It obtained a merchant banking license on 31 December, 1987 and commenced banking operations on 3 June 1988. The bank converted to a commercial bank on 16 July, 1999 and registered as a public limited liability company on 10 August, 1999. The bank was issued a universal banking license by the Central Bank of Nigeria on 6 February, 2001. The shares were quoted on the Nigerian Stock Exchange on 17 May, 2005.