Exhibit 99.3
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                            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 $1,000 principal amount of notes
(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 Mark A.
Isaac, Vice President, Fidelity Federal Bancorp, 18 NW Fourth Street, PO Box
1347, Evansville, Indiana 47706-1347, Telephone: (812) 424-0921.

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.