Fidelity D&D Bancorp in Dunmore, Pa., restructured its balance sheet.
The $2.5 billion-asset company disclosed in a regulatory filing that it recently sold $35.6 million of available-for-sale securities at a $6.5 million loss. The loss will be reflected in the company’s fourth-quarter financial results.
Fidelity said it used the $29.1 million of proceeds to pay down short-term borrowings, which replenished its available borrowing capacity.