Fidelity Bank has announced the hiring of Josh Folds as its new chief banking officer and Bobby Young as senior vice president, New Orleans market president. Folds will be responsible for overseeing retail, small business, commercial banking and Small Business Administration operations while Young will lead the New Orleans market.
Folds has more than 25 years in the banking industry and recently led small business, business banking, merchant services and SBA for First Horizon Bank, where he worked since 2018. Prior to joining First Horizon, Folds spent 10 years at PNC Bank, where he led business banking for all of Florida. He started his banking career in 1997 at MBNA America Bank, where he spent six years in various roles before serving seven years at BankAtlantic, where he worked various senior leadership roles in human resources, retail and business banking.
Young previously served as senior vice president, senior commercial lender at BankPlus, where he was responsible for overseeing the bank’s high net-worth and high-income clientele. During his tenure, he built a portfolio of clients totaling $105 million in loans and approximately $125 million in deposits.
“Josh and Bobby both have proven track records in the financial industry and a commitment to community values,” said Fidelity Bank President and CEO Chris Ferris. “We’re excited about their addition to our team and bring their wealth of experience to Fidelity to undoubtedly help elevate our banking institution to new heights.”
Fidelity Bank recently announced expansion plans. The 115-year-old institution is opening its first location in Lafayette in the fall of 2024. The bank opened a second Baton Rouge branch in December.
