Exhibit 99.a.3
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                    [LETTERHEAD OF FIDELITY FEDERAL BANCORP]


February 7, 2004


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

         We are sending you this letter in connection with a reverse split of
our common stock to all shareholders of record as of February 4, 2005 and
effective as of the close of business on February 28, 2005. We are undertaking
this action in order to terminate the registration of our common stock under the
federal securities laws.

         Pursuant to the reverse split, each 30,000 shares of our common stock
will be converted to one share of our common stock, and holders of fractional
shares will be entitled to receive cash in lieu of fractional interests in an
amount equal to $1.85 per share for each pre-split share that becomes a
fractional interest. Shareholders of record owning less than 30,000 shares will
no longer be shareholders of the Company. Following the reverse stock split, the
Company will effect a 2,500 for 1 forward stock split for those shareholders
who, following the reverse stock split, continue to hold at least one whole
share of Company common stock.

         We have enclosed several copies of the information being distributed to
all shareholders of record as of February 4, 2005. The transaction will be
effective as of the close of business on February 28, 2005.

         We request that you act promptly and forward such information to the
beneficial owners of such securities in a timely manner. We will pay the
reasonable expenses incurred by you in forwarding this information to the
beneficial owners.

         You may obtain additional copies of the enclosed materials and may
request assistance or information from John Stewart, Fidelity Federal Bancorp,
18 N.W. Fourth Street, Evansville, Indiana 47708, Telephone: (812) 424-0921.

Very truly yours,

/s/ Donald R. Neel

Donald R. Neel,
President and Chief Executive Officer