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                                                                    EXHIBIT 10.2

                          FIDELITY SOUTHERN CORPORATION
                                  FIDELITY BANK
                              EMPLOYMENT AGREEMENT

      THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of the 17th day
of March, 2005, by and among FIDELITY SOUTHERN CORPORATION ("Fidelity"), a
Georgia Corporation, FIDELITY BANK ("Bank"), a Georgia corporation, and H.
PALMER PROCTOR, JR. ("Proctor").

      WHEREAS, Proctor is the Vice President of Fidelity and President of the
Bank;

      WHEREAS, Fidelity and the Bank agree to continue to employ Proctor as Vice
President of Fidelity and as President of the Bank, subject to his election, to
provide the services set forth herein; and

      WHEREAS, Proctor agrees to accept such employment and to continue to
provide such services in accordance with the terms and conditions of this
Agreement;

      NOW, THEREFORE, in consideration of the mutual promises herein made and of
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties agree as follows:

      1. EMPLOYMENT/DUTIES.

            (a) Fidelity shall employ Proctor as Vice President and the Bank
shall employ Proctor as President during the term of his employment as set forth
in this Agreement and Proctor hereby accepts such employment. Proctor also
agrees to serve as a member of the Board of Directors of Fidelity (the "Board")
and of the Bank upon his election to such positions.

            (b) Proctor shall be the President of the Bank and shall be
responsible for the day-to-day operations of the business of the Bank and shall
have such authority consistent with such positions and necessary for the conduct
of such business under the general direction of the Chief Executive Officer and
the Board of Directors of the Bank.

            (c) Proctor agrees that he will at all times and to the best of his
ability and experience faithfully perform all of the duties that may be required
of him pursuant to the terms of this Agreement and shall comply with all
policies and procedures adopted by the Board of Directors or any committee
thereof. Proctor shall devote his full business time to the performance of his
obligations hereunder.

            (d) The term of employment of Proctor shall be for an initial term
of three (3) years, commencing as of January 1, 2005, and may be extended upon
written agreement of the parties.

            (e) Proctor shall be prohibited from serving as a director of other
businesses and as a member of any committee of the board(s) of directors thereof
unless the

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Board formally has approved such service before Proctor becomes any
such director or member of any committee of such board(s) of directors.

      2. COMPENSATION.

            (a) Base Salary. During the term of the employment of Proctor
hereunder, Fidelity and Bank will pay to Proctor an aggregate base salary ("Base
Salary") at the rate of $250,000 per year, payable in arrears in equal
semi-monthly payments, subject to applicable withholdings and deductions. In the
event of the disability of Proctor, to the extent payments are received by him
under any employer sponsored disability program and/or under any disability
policy the premiums of which are paid by Fidelity or the Bank, the payments
hereunder are to be reduced by an amount equal to any such disability payments
that are intended to replace all or a portion of any compensation Proctor loses
due to such disability.

            (b) Incentive Compensation. Fidelity and the Bank shall pay to
Proctor the incentive compensation ("Incentive Compensation") determined as set
forth in Attachment A hereto. Proctor shall be eligible to participate in
incentive plans and programs hereafter adopted as determined by the Board or the
Compensation Committee of the Board.

            (c) Employee Benefit Programs. Proctor shall be eligible to
participate in all employee benefit programs, including medical, dental and
hospitalization programs, now or hereafter made available by Fidelity to its
employees and/or executives, subject to terms and conditions of such programs,
including eligibility. It is understood that Fidelity reserves the right to
modify and rescind any program or adopt new programs in its sole discretion.

            (d) Life Insurance for Fidelity. Fidelity may, in its sole
discretion, maintain key man life insurance on the life of Proctor and designate
Fidelity as the beneficiary. Proctor agrees to execute any documents necessary
to effect the issuance of such policy. Fidelity and the Bank agree to maintain
the Flexible Premium Adjustable Life Insurance, Universal Life policy issued by
Great-West Life & Annuity Insurance Company ("Great-West") in the face amount of
$500,000 payable to beneficiaries designated by Proctor or his estate or trust
in lieu thereof, at all times hereafter, regardless of the termination of this
Agreement or Proctor's employment hereunder including termination pursuant to
Section 3. The policy purchased and maintained by Fidelity and the Bank with
Great-West, or any substituted policies, shall be maintained by Fidelity during
Proctor's employment. Such policy will only be maintained after termination of
Proctor's employment if such termination is due to retirement (as such term is
defined by the Board).

            (e) Additional Benefits. The Incentive Stock Options granted
December 16, 1999, and April 24, 2002, shall continue in effect and shall not be
affected by any modification or termination of this Agreement.

            (f) Vacation. Proctor is entitled to five (5) weeks vacation each
year. Vacation shall be taken at such times as not to materially interfere with
the business of Fidelity. The vacation time must be taken prior to the end of
each calendar year or as otherwise mutually agreed in writing, otherwise it
expires to the extent not taken.

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            (g) Expenses. Fidelity shall pay all reasonable expenses incurred by
Proctor in the performance of his responsibilities and duties for Fidelity,
including without limitation, dues payable to the Capital City Club and to such
reasonable civic organizations as approved by the Compensation Committee of the
Bank. Proctor shall submit to Fidelity periodic statements of all expenses so
incurred in accordance with the policies of Fidelity then in effect. Subject to
such reviews as Fidelity may deem reasonably necessary, Fidelity shall, promptly
in the ordinary course of business, reimburse Proctor for the full amount of all
such expenses advanced by Proctor.

            (h) Automobile. Fidelity will continue to provide Proctor with an
appropriate automobile for his use and will maintain and insure it at Fidelity's
expense.

      3. EARLY TERMINATION.

            (a) For Cause. (i) Notwithstanding the foregoing, the Board may
terminate the employment of Proctor "for cause" (as hereinafter defined) at any
time upon 10 business days' prior written notice. The term "for cause" shall
mean (A) the commission of a felony or any other crime involving moral turpitude
or the pleading of nolo contendere to any such act, (B) the commission of any
act or acts of dishonesty when such acts are intended to result or result,
directly or indirectly, in gain or personal enrichment of Proctor or any related
person or affiliated company and are intended to cause harm or damage to
Fidelity, the Bank or their subsidiaries, (C) the illegal use of controlled
substances, (D) the misappropriation or embezzlement of assets of Fidelity, the
Bank or their subsidiaries, (E) the breach of any other material term or
provision of this Agreement to be performed by Proctor (other than pursuant to
Sections 4, 5, 6 or 7) which have not been cured within thirty (30) days of
receipt of written notice of such breach from the Board or the board of
directors of the Bank, or (F) the breach of any provision of Section 4, 5, 6 or
7 during his employment.

                  (ii) Upon termination for cause, Fidelity and Bank shall have
no further obligation to pay any compensation to Proctor or make available to
Proctor participation under any employee benefit program for periods after the
effective date of the termination for cause. In such event, Incentive
Compensation is payable only for the periods of employment. Base Salary which
accrued to the termination date shall be paid on the normal payment date.

            (b) Other Termination by Fidelity. (i) Fidelity and the Bank may
terminate the employment of Proctor for any reason (other than for cause, death
or total disability (as defined in Section 3(d)(iii) below)) at any time upon at
least 90 days' prior written notice. Upon such termination, the Base Salary
which accrued as of the termination date and the Incentive Compensation payable
pursuant to Section 2(b) for the periods of employment will be paid after the
effective date of termination on the normal payment dates. Proctor's right to
additional compensation after the effective date of the termination shall cease,
except that if Proctor executes a "Release" (as defined below) within the time
period specified by Fidelity or the Bank, and does not revoke such Release,
Proctor will be paid severance equal to the excess of (i) three times his then
Base Salary over (ii) the aggregate amount payable under Section 8 below. Such
severance benefit will be payable in seventy-two (72) equal semi-

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monthly installments commencing on the 15th or last day of the month immediately
following the date of termination, whichever date occurs first, and continuing
on the 15th and last day of each calendar month thereafter until all such
installments are paid. Additionally, if Proctor timely executes and does not
revoke a Release, the employee welfare benefits as provided in Section 2(c)
shall be continued for eighteen (18) months from the date of termination at a
cost to Proctor not to exceed the amounts paid by executives for such employee
welfare benefits; provided, however, that if continued participation in any of
such employee welfare benefit plans is not possible under the terms of such
plans or any provision of law would create any adverse tax effect for Proctor,
Fidelity or the Bank, due to such participation, Fidelity will provide
substantially identical benefits directly or through an insurance arrangement or
pay Proctor's costs for such welfare benefits if continued by Proctor, including
as permitted under ERISA. For purposes of this Agreement, the term "Release"
means a general release that releases Fidelity, the Bank, their affiliates,
shareholders, directors, officers, employees, employee benefit plans,
representatives, and agents and their successors and assigns from any and all
employment related claims Proctor or Proctor's successors and beneficiaries
might then have against them (excluding any claims for vested benefits under any
employee pension plan of Fidelity or the Bank).

                  (ii) If Proctor violates any of the undertakings set forth in
Sections 4, 5, 6 and 7 of this Agreement after the termination of his
employment, any additional compensation and benefits under Section 3(b)(i) shall
cease.

                  (iii) Subsequent to the date of any written notice of
termination provided to Proctor pursuant to Section 3(b)(i) or by Proctor to
Fidelity pursuant to Section 3(c)(ii), Fidelity shall engage the independent
accounting firm regularly utilized by Fidelity ("Accounting Firm") to provide to
Fidelity and Proctor, at Fidelity's expense, a determination of whether any
compensation payable to Proctor pursuant to Section 3(b)(i) (alone or when added
to all other compensation paid or payable to Proctor by Fidelity and the Bank)
constitutes a "parachute payment" ("Parachute Payment") as defined in Section
280G of the Internal Revenue Code of 1986, as amended (the "Code"). If the
Accounting Firm determines that any compensation payable to Proctor pursuant to
Section 3(b)(i) (alone or when added to all other compensation paid or payable
to Proctor by Fidelity and the Bank) constitutes a Parachute Payment, the
Accounting Firm shall also determine: (A) the amount of the excise tax to be
imposed under Section 4999 of the Code; (B) whether Proctor would realize a
greater amount after Federal and Georgia income taxes (assuming the highest
marginal rates then in effect apply) if the compensation payable to Proctor
pursuant to Section 3(b)(i) were reduced (assuming latest payments are reduced
first) so that no amount payable to Proctor hereunder (alone or when added to
all other compensation paid or payable to Proctor by Fidelity and the Bank)
constitutes a Parachute Payment than he would realize after federal and Georgia
income taxes (assuming the highest marginal rates then in effect apply) and
after imposition of the excise tax under Section 4999 of the Code if the amounts
payable to Proctor hereunder were not so reduced; and (C), if the Accounting
Firm determines in (B) above that Proctor would realize a higher amount if the
compensation payable to Proctor were so reduced, the amount of the reductions.
All determinations shall be made on a present value basis. The Accounting Firm
shall provide to Fidelity and to Proctor a written report of its determinations
hereunder no later than forty-five (45) days prior to the termination date. No

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later than fifteen (15) days following his receipt of the report from the
Accounting Firm, Proctor will notify Fidelity in writing of any disagreement
with said report, and, in such case, Fidelity shall direct the Accounting Firm
to promptly discuss its determinations with an accountant or counsel designated
by Proctor in his written notice and seek to reach an agreement regarding same
no later than fifteen (15) days prior to the termination date, with Fidelity and
Proctor, each bearing the cost of their own accountants or counsel. If no
agreement can be reached within thirty (30) days after the expiration of said
fifteen (15) day period, the matter shall be promptly submitted to binding
arbitration under Section 13 hereof by either party. The determinations so made
shall be binding on the parties. If it is determined hereunder that Proctor
would realize a greater amount after Federal and Georgia income taxes (assuming
the highest marginal rates then in effect apply) if the compensation payable to
him pursuant to Section 3(b)(i) were reduced (assuming latest payments are
reduced first) so that no amount payable to Proctor hereunder constitutes a
Parachute Payment, then the amounts payable to Proctor pursuant to Section
3(b)(i) shall be so reduced.

                  (iv) As a result of the uncertainty in the application of
Sections 280G and 4999 of the Code, it is possible that amounts will have been
paid or distributed to Proctor that should not have been paid or distributed
under this Section 3(b) ("Overpayments"), or that additional amounts should be
paid or distributed to Proctor under this Section 3(b) ("Underpayments"). If
based on either the assertion of a deficiency by the Internal Revenue Service
against Fidelity or Proctor, which assertion has a high probability of success,
or controlling precedent or substantial authority, an Overpayment has been made,
that Overpayment will be treated for all purposes as a loan ab initio that
Proctor must repay to Fidelity immediately together with interest at the
applicable Federal rate under Section 7872 of the Code; provided, however, that
no loan will be deemed to have been made and no amount will be payable by
Proctor to Fidelity unless, and then only to the extent that, the deemed loan
and payment would either reduce the amount on which Proctor is subject to tax
under Section 4999 of the Code or generate a refund of tax imposed under Section
4999 of the Code. If based upon controlling precedent or substantial authority,
an Underpayment has occurred, the amount of that Underpayment will be paid to
Proctor promptly by Fidelity. Whether an Overpayment or Underpayment has
occurred may be determined in substantially the same manner as the original
determination.

                  (v) Fidelity and Proctor shall each provide the Accounting
Firm access to and copies of any books, records and documents in the possession
of Fidelity or Proctor, as the case may be, reasonably requested by the
Accounting Firm, and otherwise cooperate with the Accounting Firm in connection
with the preparation and issuance of the determinations and calculations
contemplated by this Section 3(b).

                  (vi) The federal, state and local income or other tax returns
filed by Proctor shall be prepared and filed on a consistent basis with the
determination with respect to the excise tax payable by Proctor. Proctor, at the
request of Fidelity, shall provide Fidelity true and correct copies (with any
amendments) of his federal income tax return as filed with the Internal Revenue
Service and corresponding state and local tax returns, if relevant, as filed
with the applicable taxing authority, and such other documents reasonably
requested by Fidelity, evidencing such conformity.

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            (c) Termination by Proctor. (i) Proctor may terminate his employment
at any time upon at least 90 days' prior written notice to Fidelity and the
Bank. Upon such termination of employment Proctor's right to compensation after
the effective date of termination shall cease. The Base Salary which accrued as
of the termination date and the Incentive Compensation payable pursuant to
Section 2(b) will be paid after the effective date of termination under this
Section 3(c) on the normal payment dates.

                  (ii) Notwithstanding the foregoing, if Fidelity or the Bank
fails to perform any of its material obligations hereunder and such failure
continues for sixty (60) days after written notice thereof by Proctor to the
Board, termination by Proctor of this Agreement for such failure shall be deemed
to constitute a termination by Fidelity and the Bank without cause under Section
3(b)(i) of this Agreement. A reduction in the responsibilities and authority of
Proctor as provided in Section l(b) shall constitute a breach of a material
obligation of Fidelity and Bank hereunder.

            (d) Termination Upon Death or Disability.

                  (i) The employment of Proctor shall terminate upon his death,
or (10) business days after written notice by Fidelity of termination during the
continuance of the total disability (as hereinafter defined) of Proctor.

                  (ii) Upon termination upon death or by Fidelity upon total
disability, Proctor's right to compensation after the effective date of
termination shall cease. Base Salary which accrued as of the termination date
will be paid after the effective date of termination under this Section 3(d) on
the normal payment date(s) and any Incentive Compensation will be paid as
provided in Section 2(b). Fidelity and Bank shall have no obligation to pay any
compensation for periods after the effective date of such termination under this
Section 3(d).

                  (iii) The term "total disability" means the inability of
Proctor to substantially perform his duties hereunder for a continuous period of
ninety (90) days unless such period is extended in writing by Fidelity, in which
event, for such greater period. Total disability shall be deemed to commence
upon the expiration of such continuous ninety (90) day period or such greater
period, if so extended. In the event of any dispute as to the "total disability"
of Proctor or the expiration of said ninety (90) day period or such greater
period, if so extended, the matter shall be resolved by the decision of a single
physician, serving as an arbitrator, mutually selected or appointed in
accordance with the rules of the American Arbitration Association, Atlanta,
Georgia. The decision of the arbitrator shall be binding on all parties hereto.
Proctor agrees to submit medical records requested and to submit to such
examination and testing reasonably requested by such physician.

            (e) Life Insurance Policy. Termination of this Agreement or the
benefits payable hereunder for any reason, shall not terminate the duty of
Fidelity and Bank to maintain or continue the life insurance policy with
Great-West pursuant to Section 2(d) hereof, including any substitute plan or
policy hereafter mutually agreed to, during Proctor's

__________________
Executive

__________________
Fidelity Southern

__________________
Bank

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employment with Fidelity and Bank or after Proctor's termination of employment
if such termination is due to retirement (as such term is determined by the
Board).

      4. COVENANT NOT TO COMPETE. Proctor agrees that during his employment with
Fidelity or Bank and for a period of eighteen (18) months after termination of
Proctor's employment with Fidelity or Bank for any reason, that Proctor shall
not, on his own behalf or on another's behalf, work in any management or
executive capacity in the business of providing banking or banking related
services. This restriction shall apply only within a 50-mile radius of 3490
Piedmont Road, Atlanta, Georgia 30305. Proctor agrees that because of the nature
of Fidelity's and Bank's business, the nature of Proctor's job responsibilities,
and the nature of the Confidential Information and Trade Secrets of Fidelity and
Bank which Fidelity and Bank will give Proctor access to, any breach of this
provision by Proctor would result in the inevitable disclosure of Fidelity's and
Bank's Trade Secrets and Confidential Information to its direct competitors.

      5. NON-SOLICITATIONS OF CLIENTS AND CUSTOMERS. Proctor agrees that during
his employment with Fidelity or Bank and for a period of eighteen (18) months
after termination of his employment with Fidelity or Bank for any reason,
Proctor will not directly or indirectly solicit, contact, call upon, communicate
with or attempt to communicate with any client or customer of Fidelity or Bank
for the purpose of providing banking or banking related services. This
restriction shall apply only to any client or customer of Fidelity or Bank with
whom Proctor had material contact during the last twelve months of Proctor's
employment with Fidelity or Bank. "Material contact" means interaction between
Proctor and the client or customer which takes place to further the business
relationship. "Clients" and "customers" include, but are not limited to,
depositors and commercial loan customers.

      6. NON-SOLICITATIONS OF EMPLOYEES. Proctor agrees that during his
employment with Fidelity or Bank and for a period of eighteen (18) months after
termination of his employment with Fidelity or Bank for any reason, Proctor will
not recruit, hire or attempt to recruit or hire, directly or by assisting
others, any other employee of Fidelity or Bank with whom Proctor had material
contact during Proctor's employment with Fidelity or Bank. This restriction
shall apply only to recruiting, hiring or attempting to recruit or hire any
employee for the purpose of working in the business of providing banking or
banking related services.

      7. CONFIDENTIALITY, PROPRIETARY INFORMATION AND INVENTIONS.

            (a) During the term of Proctor's employment with Fidelity or Bank,
and at all times thereafter, Proctor shall not use or disclose to others,
without the prior written consent of Fidelity and Bank, any Trade Secrets (as
hereinafter defined) of Fidelity or Bank, or any subsidiary thereof or any of
their customers, except for use or disclosure thereof in the course of the
business of Fidelity or Bank (or that of any subsidiary), and such disclosure
shall be limited to those who have a need to know.

            (b) During the term of Proctor's employment with Fidelity or Bank,
and for eighteen (18) months after termination of his employment with Fidelity
or Bank for any reason, Proctor shall not use or disclose to others, without the
prior written consent of Fidelity

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and Bank, any Confidential Information (as hereinafter defined) of Fidelity or
Bank, or any subsidiary thereof or any of their customers, except for use or
disclosure thereof in the course of the business of Fidelity or Bank (or that of
any subsidiary), and such disclosure shall be limited to those who have a need
to know.

            (c) Upon termination of employment with Fidelity or Bank for any
reason, Proctor shall not take with him any documents or data of Fidelity or
Bank or any subsidiary or of any customer thereof or any reproduction thereof
and agrees to return any such documents and data in his possession at that time.

            (d) Proctor agrees to take reasonable precautions to safeguard and
maintain the confidentiality and secrecy and limit the use of all Trade Secrets
and Confidential Information of Fidelity, Bank and all subsidiaries and
customers thereof.

            (e) Trade Secrets shall include only such information constituting a
"Trade Secret" within the meaning of subsection 10-1-761(4) of the Georgia Trade
Secrets Act of 1990, including as hereafter amended. Confidential Information
shall include all information and data which is protectable as a legal form of
property or non-public information of Fidelity or Bank or their customers,
excluding any information or data which constitutes a Trade Secret.

            (f) Trade Secrets and Confidential Information shall not include any
information (A) which becomes publicly known through no fault or act of Proctor;
(B) is lawfully received by Proctor from a third party after termination of
employment without a similar restriction regarding confidentiality and use and
without a breach of this Agreement; or (C) which is independently developed by
Proctor and entirely unrelated to the business of providing banking or banking
related services.

            (g) Proctor agrees that any and all information and data originated
by Proctor while employed by Fidelity or Bank and, where applicable, by other
employees or associates under Proctor's direction or supervision in connection
with or as a result of any work or service performed under the terms of
Proctor's employment, shall be promptly disclosed to Fidelity and Bank, shall
become Fidelity and/or Bank's property, and shall be kept confidential by
Proctor. Any and all such information and data, reduced to written, graphic, or
other tangible form and any and all copies and reproduction thereof shall be
furnished to Fidelity and Bank upon request and in any case shall be returned to
Fidelity and Bank upon termination of Proctor's employment with Fidelity or
Bank.

            (h) Proctor agrees that Proctor will promptly disclose to Fidelity
and Bank all inventions or discoveries made, conceived, or for the first time
reduced to practice in connection with or as a result of the work and/or
services Proctor performs for Fidelity or Bank.

            (i) Proctor agrees that he will assign the entire right, title, and
interest in any such invention or inventions and any patents that may be granted
thereon in any country in the world concerning such inventions to Fidelity and
Bank. Proctor further agrees that Proctor

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will, without expense to Fidelity or Bank, execute all documents and do all acts
which may be necessary, desirable, or convenient to enable Fidelity and Bank, at
its expense, to file and prosecute applications for patents on such inventions,
and to maintain patents granted thereon.

      8. CONSIDERATION FOR NON-COMPETE, NON-SOLICITATION AND NON-DISCLOSURE
PROVISIONS. In consideration of Proctor's undertakings set forth in Sections 4,
5, 6 and 7 above, with respect to periods after termination of employment,
Fidelity or the Bank will pay Proctor thirty-six (36) semi-monthly installments,
each installment in an amount equal to forty percent (40%) of his then Base
Salary divided by twenty-four (24), commencing on the 15th or last day of the
month immediately following the date of termination of employment, whichever
date occurs first, and on the 15th and last day of each calendar month
thereafter until all such installments are paid. If Proctor violates any of the
undertakings set forth in Sections 4, 5, 6 and 7 of this Agreement, Proctor
waives and forfeits any and all rights to any further payments under this
Agreement, including but not limited to, any additional payments, compensation
or severance he may otherwise be entitled to receive under this Agreement,
whether pursuant to this Section or otherwise.

      9. SPECIFIC PERFORMANCE. Because of Proctor's knowledge and experience,
Proctor agrees that Fidelity shall be entitled to specific performance, an
injunction, temporary injunction or other similar relief without the posting of
a bond or other security in addition to all other rights and remedies it might
have for any violation of the undertakings set forth in Sections 4, 5, 6 and 7
of this Agreement. In any such court proceeding, Proctor will not object thereto
and claim that monetary damages are an adequate remedy.

      10. MAXIMUM PAYMENTS. The total amount payable hereunder as severance pay
(as set forth in Section 3(b)(i)) and consideration for the non-compete,
non-solicitation and non-disclosure provisions (as set forth in Section 8) shall
not exceed three times Proctor's Base Salary.

      11. NO SETOFF. Nothing in this Agreement will limit or otherwise affect
such rights as Proctor may have under any other contract or agreement with
Fidelity Southern, the Bank or Affiliates, except as specifically set forth in
such contract or agreement. Amounts which constitute vested benefits or which
Proctor is otherwise entitled to receive under any employee benefit plan,
policy, practice or program of or any contract or agreement (collectively,
"programs") with Fidelity or the Bank at or subsequent to Proctor's termination
of employment will be payable in accordance with such programs.

      12. INDEMNIFICATION OF PROCTOR. Fidelity shall indemnify Proctor and shall
advance reimbursable expenses incurred by Proctor in any proceeding against
Proctor, including a proceeding brought by or in the right of Fidelity, as a
director or officer of Fidelity or any subsidiary thereof, except claims and
proceedings brought by Fidelity against Proctor, to the fullest extent permitted
under the Articles of Incorporation and By-Laws of Fidelity and the Georgia
Business Corporation Code, as amended from time to time.

      13. NOTICES. All notices, requests, demands and other communications
required or permitted hereunder shall be in writing and shall be deemed to have
been given upon receipt

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when delivered by hand or upon delivery to the address of the party determined
pursuant to this Section when delivered by express mail, overnight courier or
other similar method to such address or by facsimile transmission (provided a
copy is also sent by registered or certified mail or by overnight courier), or
five (5) business days after deposit of the notice in the US mail, if mailed by
certified or registered mail, with postage prepaid addressed to the respective
party as set forth below, which address may be changed by written notice to the
other party:

            If to Fidelity:

                  Fidelity Southern Corporation
                  3490 Piedmont Road
                  Suite 1550
                  Atlanta, Georgia 30305
                  Attn: Board of Directors

            If to Proctor:

                  H. Palmer Proctor, Jr.
                  c/o Fidelity Southern Corporation
                  3490 Piedmont Road, Suite 1550
                  Atlanta, Georgia 30305

      14. BINDING EFFECT. This Agreement shall inure to the benefit of and be
binding upon and enforceable by Proctor and his estate, personal representatives
and heirs, and by Fidelity and its successors and assigns. This Agreement and
the payments hereunder may not be assigned, pledged or otherwise hypothecated by
Proctor.

      15. ENTIRE AGREEMENT. This Agreement, including the Flexible Premium
Adjustable Life Insurance, Universal Life policy and Executive Continuity
Agreement are intended by the parties hereto to constitute the entire
understanding of the parties with respect to the employment of Proctor as an
employee and officer of Fidelity and election as a member of the Board of
Fidelity and the Bank and supersedes all prior agreements and understandings,
oral or written.

      16. BINDING ARBITRATION/ATTORNEY FEES. Except as otherwise specifically
provided herein, including as provided in Section 9 hereof, Specific
Performance, all disputes arising under this Agreement shall be submitted to and
settled by arbitration. Arbitration shall be by one (1) arbitrator selected in
accordance with the rules of the American Arbitration Association, Atlanta,
Georgia ("AAA") by the AAA. The hearings before the arbitrator shall be held in
Atlanta, Georgia and shall be conducted in accordance with the rules existing on
the date thereof of the AAA to the extent not inconsistent with this Agreement.
All reasonable costs and expense incurred in connection with any such
arbitration proceedings and those incurred in any civil action to enforce the
same shall be borne by the party against which the decision is rendered.

      17. AMENDMENTS. This Agreement may not be amended or modified except in
writing signed by both parties.

__________________
Executive

__________________
Fidelity Southern

__________________
Bank

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      18. WAIVERS. The failure of either party to insist upon the strict
performance of any provision hereof shall not constitute a wavier of such
provision. All waivers must be in writing.

      19. FUTURE EMPLOYERS. Fidelity or Bank may notify anyone employing Proctor
or evidencing an intention to employ Proctor as to the existence and provisions
of this Agreement and may provide any such person or organization a copy of this
Agreement. Proctor agrees that for a period of 18 months after termination of
Proctor's employment with Fidelity or Bank for any reason, Proctor will provide
Fidelity and Bank the identity of any employer Proctor goes to work for along
with Proctor's job title and anticipated job duties with any such employer.

      20. GOVERNING LAW. This Agreement shall be deemed to be made in and in all
respects shall be interpreted, construed and governed by and in accordance with
the laws of the State of Georgia, excluding its conflicts of laws.

                                       11

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      IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year first above written.

                                    FIDELITY SOUTHERN CORPORATION

                                    By: /s/ David R. Bockel
                                       ------------------------------------
                                    Name: David R. Bockel
                                    Title: Chairman, Compensation Committee

                                    FIDELITY BANK

                                    By: /s/ David R. Bockel
                                       ------------------------------------
                                    Name: David R. Bockel
                                    Title: Chairman, Compensation Committee

                                    PROCTOR

                                        /s/ H. Palmer Proctor, Jr.
                                    ----------------------------------------
                                        H. Palmer Proctor, Jr.

                                       12

<PAGE>

                                  ATTACHMENT A
                             INCENTIVE COMPENSATION

      For each calendar year during the term of the Agreement, the Compensation
Committee ("Committee") of the Board of Directors of Fidelity will establish in
its sole discretion (after discussion with Proctor) a target consolidated net
income of Fidelity Southern Corporation and Subsidiaries ("Fidelity") before the
Incentive Compensation provided herein, excluding extraordinary items
(determined in accordance with generally accepted accounting principles)
("Target Income") for such calendar year prior to the commencement of the
calendar year. Proctor will be paid incentive compensation ("Incentive
Compensation") in cash depending upon the percentage in excess of Target Income
achieved for such calendar year.

      In the event the consolidated net income of Fidelity for any calendar year
before the Incentive Compensation provided herein and excluding extra-ordinary
items, determined in accordance with generally accepted accounting principles
("Income") achieved exceeds 90% of the Target Income but is no more than 100% of
the Target Income, the Incentive Compensation shall be the product of (i)
$50,000 times (ii) the incremental percentage of the Target Income between 90%
of the Target Income and 100% of the Target Income. If the Income achieved
exceeds 100% of the Target Income, the Incentive Compensation shall be $50,000
plus the product of (i) $50,000 times (ii) the incremental percentage of the
Target Income between 100% of the Target Income and 105% of the Target Income.
For example, if the percentage of Income achieved is 104% of the Target Income,
the Incentive Compensation is $90,000. No Incentive Compensation will be paid if
the percentage of Target Income achieved is 90% or less. The maximum Incentive
Compensation shall be $100,000.

      The Compensation Committee may modify the Target Income for any calendar
year at any time during a calendar year to reflect changes resulting from
changes in accounting principles or practices of Fidelity and changes in the
business plan.

      In the event of any dispute as to the achieved Income, it shall be such
amount as set forth in Fidelity's certified financial statements less the amount
of this Incentive Compensation for such calendar year.

      The right of Proctor to receive the Incentive Compensation hereunder
related to a calendar year shall vest on the last day of such calendar year. In
the event Proctor is entitled pursuant to the Agreement to Incentive
Compensation for a period of less than a full year, the Incentive Compensation
for such year shall vest on the last day of his employment and the amount shall
be determined as set forth hereinabove for the calendar year prorated based upon
the percentage of the year Proctor was employed under the Agreement.

      Payment is to be made in cash promptly after the amount is determined but
in no event more than 90 days after the end of the calendar year. The Committee,
in its sole discretion, during a calendar year may make a non-refundable
prepayment of a portion of the Incentive Compensation to Proctor if it believes
that the partial payment will not exceed the amount of the Incentive
Compensation for that calendar year.

<PAGE>

                                        FIDELITY SOUTHERN CORPORATION

                                        By: /s/ David R. Bockel
                                           -----------------------------------
                                        Name: David R. Bockel
                                        Title: Chairman, Compensation Committee

                                        FIDELITY BANK

                                        By: /s/ David R. Bockel
                                           -----------------------------------
                                        Name: David R. Bockel
                                        Title: Chairman, Compensation Committee

                                        PROCTOR

                                            /s/ H. Palmer Proctor, Jr.
                                        ---------------------------------------
                                            H. Palmer Proctor, Jr.

                                       2<PAGE>

                                                                    EXHIBIT 10.3

                          FIDELITY SOUTHERN CORPORATION

                         EXECUTIVE CONTINUITY AGREEMENT

      This Executive Continuity Agreement (this "Agreement') is made as of March
17, 2005, between Fidelity Southern Corporation ("Fidelity Southern") and Bank
(together with Fidelity Southern collectively referred to as "Fidelity") and
James B. Miller, Jr. (the "Executive").

      The purpose of this Agreement is to encourage the Executive to continue
employment with Fidelity after a Change of Control of Fidelity Southern or Bank
by providing reasonable employment security to the Executive and to recognize
the prior service of the Executive in the event of termination of employment
under defined circumstances after any such Change of Control. This Agreement
supersedes and replaces all prior similar written and oral agreements between
the Executive and Fidelity and is in addition to any employment agreement
entered into between Fidelity and the Executive on or after the date hereof.

      Section 1. Definitions. For purposes of this Agreement:

            (a)   "Affiliate" means any entity that is, directly or indirectly
                  through one or more intermediaries, controlled by Fidelity
                  Southern or the Bank, as the case may be.

            (b)   "Annual Base Salary" shall have the meaning set forth in
                  Section 3.

            (c)   "Bank" shall mean Fidelity Bank and the successors of all or
                  substantially all of its business.

            (d)   "Beneficiary" means the person or entity designated by the
                  Executive, by a written instrument delivered to Fidelity
                  Southern, to receive any benefits payable under this Agreement
                  in the event of the Executive's death. If the Executive fails
                  to designate a Beneficiary, or if no beneficiary survives the
                  Executive, such Benefits on the death of the Executive will be
                  paid to the Executive's estate.

            (e)   "Board" means the Board of Directors of Fidelity Southern.

            (f)   "Cause" means:

                  (1)   The willful and continued failure by the Executive to
                        substantially perform the material duties of the
                        Executive with Fidelity and/or any Affiliate (other than
                        any such failure resulting from the disability of the
                        Executive) for a continuous period of three months,
                        after a written demand for such performance is delivered
                        to the Executive at the direction of the Board by the
                        Chief Executive Officer of Fidelity Southern or by any
                        person designated by the board of Fidelity Southern or
                        the Bank, which written demand specifically identifies
                        the material duties of which Fidelity believes that the
                        Executive has not substantially performed; or

<PAGE>

                  (2)   The willful engaging by the Executive in gross
                        misconduct materially and demonstrably injurious to
                        Fidelity. No act, or failure to act, on the Executive's
                        part shall be considered "willful" unless done, or
                        omitted to be done, by Executive in the absence of good
                        faith and without a reasonable belief that the action or
                        failure to act of the Executive was in the best interest
                        of Fidelity or any Affiliates.

            (g)   "Change of Control" means the occurrence hereafter of any
                  event described in (1), (2) or (3) below.

                  (1)   Any "person" (as such term is used in Sections 13(d)(3)
                        or 14(d)(2) of the Securities Exchange Act of 1934, as
                        amended, the "Act) acquires "beneficial ownership" (as
                        such term is defined in Rule 13d-3 promulgated under the
                        Act), directly or indirectly, of equity securities of
                        Fidelity Southern or the Bank representing more than
                        fifty percent (50%) of the combined voting power
                        represented by the outstanding voting securities of
                        Fidelity Southern or the Bank, as the case may be
                        ("Voting Power").

                  (2)   Individuals who constitute the membership of the Board
                        or the board of the Bank on the date of this Agreement
                        (each being hereinafter referred to as the "Incumbent
                        Board') cease at any time hereafter, to constitute at
                        least a majority of the Board or the board of the Bank,
                        provided that any director whose nomination was approved
                        by a majority of the Incumbent Board will be considered
                        a member of the Incumbent Board, excluding any such
                        individual not otherwise a member of the Incumbent Board
                        whose initial assumption of office is in connection with
                        an actual or threatened election contest relating to the
                        election of the directors of Fidelity Southern or the
                        Bank.

                  (3)   The effective date of a complete liquidation or
                        dissolution of Fidelity Southern or the Bank, or of the
                        sale or other disposition of all or substantially all of
                        the assets of Fidelity Southern or the Bank, as approved
                        by the shareholders of Fidelity Southern or the Bank, as
                        the case may be, or the acquisition by a person, other
                        than Fidelity Southern, of beneficial ownership,
                        directly or indirectly, of equity securities of the Bank
                        representing more than fifty percent (50%) of the
                        combined voting power represented by the Bank's then
                        outstanding voting securities.

                        If a Change of Control occurs on account of a series of
                        transactions, the Change of Control is deemed to have
                        occurred on the date of the last of such transactions
                        which results in the Change of Control.

                                       2

<PAGE>

                  (h)   "Change of Control Period" shall have the meaning set
                        forth in Section 4(a).

                  (i)   "Code" means the Internal Revenue Code of 1986, amended.

                  (j)   "Commencement Date" shall have the meaning set forth in
                        Section 3(a).

                  (k)   "Compensation" means the total compensation paid to the
                        Executive by Fidelity Southern, the Bank and/or by any
                        Affiliate which is or will be reportable as income under
                        the Code on Internal Revenue Service Form W-2, (i) plus
                        any amount contributed by the Executive pursuant to a
                        salary reduction agreement, which is not includible in
                        gross income under Code Sections 125 or 402(a) (8) or
                        under any other program that provides for pre-tax salary
                        reductions and compensation deferrals; (ii) plus any
                        amount of the Executive's compensation which is deferred
                        under any plan or program of Fidelity; and (iii) reduced
                        by any income reportable on Form W-2 that is
                        attributable to the exercise of any stock option.

                  (l)   "Disability" means a complete inability of the Executive
                        substantially to perform the employment duties for
                        Fidelity Southern or Bank or any Affiliate for a period
                        of at least one hundred and eighty (180) consecutive
                        days.

                  (m)   "Employment Period" shall have the meaning set forth in
                        Section 3(a).

                  (n)   "Final Compensation" means the highest of (i) the
                        Executive's Compensation for the 12 full calendar months
                        immediately preceding the Change of Control; or (ii) the
                        Executive's annual base salary rate payable by Fidelity
                        Southern, the Bank and any Affiliate, in effect
                        immediately preceding the Change of Control; or (iii)
                        the Executive's aggregate annual base salary as set by
                        Fidelity Southern, the Bank and any Affiliate, effective
                        at any time during the Employment Period.

                  (o)   "Good Reason" will exist with respect to the Executive
                        if, without the Executive's express written consent the
                        following events occur after a Change of Control which
                        are not corrected within thirty (30) days after receipt
                        of written notice from Executive to Fidelity Southern:

                        (1)   there is a material change in the Executive's
                              position or responsibilities (including reporting
                              responsibilities) which, in the Executive's
                              reasonable judgment, represents an adverse change
                              from the Executive's status, title, position or
                              responsibilities immediately prior to the Change
                              of Control;

                        (2)   the assignment to the Executive of any duties or
                              responsibilities which are inconsistent with the
                              position or responsibilities of the Executive
                              immediately prior to the Change of Control;

                                       3

<PAGE>

                        (3)   any removal of the Executive from or failure to
                              reappoint or reelect the Executive to any of the
                              positions the Executive held immediately prior to
                              the Change of Control;

                        (4)   there is a reduction in the Executive's rate of
                              annual base salary or a change in the manner the
                              incentive compensation of the Executive is
                              calculated and such change will result in a
                              reduction of the incentive compensation of
                              Executive;

                        (5)   the requiring of the Executive to relocate his
                              principal business office of the Executive to any
                              place outside a fifteen (15) mile radius from the
                              Executive's current place of employment in
                              Atlanta, Georgia, (reasonable required travel on
                              Fidelity's business which is materially greater
                              than such travel requirements prior to the Change
                              of Control shall not constitute a relocation of
                              the Executive's principal business office);

                        (6)   the failure of Fidelity to continue in effect any
                              Compensation, Welfare Plan or Individual Life
                              Insurance Policy in which the Executive is
                              participating immediately prior to the Change of
                              Control without substituting plans providing the
                              Executive with substantially similar or greater
                              benefits, or the taking of any action by Fidelity
                              which would materially and adversely affect the
                              Executive's participation in or materially reduce
                              the Executive's benefits under any of such plans
                              or deprive the Executive of any material fringe
                              benefit enjoyed by the Executive immediately prior
                              to the Change of Control; or

                        (7)   the material breach of any provision of this
                              Agreement which is not timely connected by
                              Fidelity upon thirty (30) days prior written
                              notice from the Executive.

                  (p)   "Individual Life Insurance Policies" means the Split
                        Dollar Insurance Plan ("Split Dollar Plan") in the face
                        amount of $400,000 dated October 3, 1984 (including all
                        amendments and replacement and substitute policies, as
                        hereafter mutually agreed in writing) and three Flexible
                        Premium Adjustable Life Insurance, Universal Life
                        policies, one issued by Great-West Life & Annuity
                        Insurance Company ("Great-West") in the face amount of
                        $6 million, one issued by Life Investors Insurance
                        Company of America in the face amount of $800,000 and
                        one issued by Mass Mutual Financial Group in the face
                        amount of $800,000 each of which is payable to
                        beneficiaries designated by the Executive, his estate or
                        trust in lieu thereof.

                  (q)   "Salary Continuance Benefit" means the benefit provided
                        in Section 4(b).

                                       4

<PAGE>

                  (r)   "Severance Benefit" means a Salary Continuance Benefit
                        and/or a Welfare Continuance Benefit.

                  (s)   "Severance Period" means the period beginning on the
                        date the Executive's employment is terminated by
                        Fidelity Southern, Bank or any Affiliate, other than for
                        Cause, Disability or death, or by Executive for Good
                        Reason and ending on the date eighteen (18) months
                        thereafter.

                  (t)   "Voting Power" shall have the meaning set forth in
                        Section 1(g)(1).

                  (u)   "Welfare Continuance Benefit" means the benefit provided
                        in Section 4(c).

                  (v)   "Welfare Plan" means any medical, prescription, dental,
                        disability, salary continuation, employee life,
                        accidental death, travel accident insurance or any other
                        welfare benefit plan, as defined in Section 3(l) of the
                        Employee Retirement Income Security Act of 1974, as
                        amended ("ERISA") made available by Fidelity Southern,
                        the Bank or any Affiliate in which the Executive is
                        eligible to participate; provided, however, that the
                        term "Welfare Plan" shall not include the Individual
                        Life Insurance Policies.

      Section 2. Employment After Change of Control.

      If the Executive is employed by Fidelity Southern, the Bank or an
      Affiliate on the Commencement Date, such employer will continue to employ
      the Executive for the Employment Period.

      Section 3. Compensation During Employment Period.

            (a)   During the period commencing one year prior to a Change of
                  Control ("Commencement Date") and ending upon the earlier of
                  (i) three years after a Change of Control or (ii) upon
                  termination of employment of Executive for any reason by
                  Executive or by Fidelity Southern or the Bank or any Affiliate
                  ("Employment Period"), the Executive will receive an annual
                  base salary ("Annual Base Salary"), at least equal to the
                  greater of (i) the annual base salary payable to the Executive
                  by Fidelity Southern, the Bank and/or Affiliates in respect of
                  the twelve full calendar month period immediately preceding
                  the Commencement Date or (ii) the annual base salary rate of
                  the Executive payable on and after the Commencement Date and
                  prior to the Change of Control. During the Employment Period,
                  the Annual Base Salary will be increased at any time and from
                  time to time so as to be substantially consistent with
                  increases in base salaries generally awarded in the ordinary
                  course of business to other peer executives of Fidelity
                  Southern, the Bank and Affiliates. Any increase in Annual Base
                  Salary will not serve to limit or reduce any other obligation
                  to the Executive under this Agreement. The Annual Base Salary
                  in effect on the Commencement Date will not be reduced
                  thereafter nor shall any such increase during the Employment
                  Period be reduced thereafter.

                                       5

<PAGE>

            (b)   During the Employment Period, the Executive will be entitled
                  to participate in all incentive plans (including, without
                  limitation, stock option, stock purchase, savings,
                  supplemental medical and retirement plans) and other programs
                  and practices applicable generally to other peer executives of
                  Fidelity Southern, the Bank or any Affiliates, but in no event
                  will such plans and other programs, practices, including
                  policies to provide the Executive with incentive
                  opportunities, savings opportunities and retirement and other
                  benefit opportunities, in each case, less favorable, in the
                  aggregate, than those provided by Fidelity Southern, the Bank
                  or any Affiliates for the Executive under such plans,
                  practices, policies and program as in effect at any time on
                  and after the Commencement Date and prior to the Change of
                  Control.

            (c)   In addition the method of the calculation of the Executive's
                  total incentive compensation for each fiscal year, or part
                  thereof, during the Employment Period will not be changed in
                  any manner which will result in less total incentive
                  compensation being paid or payable to Executive by Fidelity
                  Southern, the Bank and Affiliates in respect of the Employment
                  Period (or any portion thereof) from the maximum amount that
                  would have been paid using the method of calculating incentive
                  compensation under the incentive compensation programs in
                  effect on and after the Commencement Date and prior to the
                  Change of Control. The parties agree that Executive shall be
                  entitled to incentive compensation for services rendered
                  during part of a fiscal year regardless of the reason for the
                  termination of employment of Executive.

            (d)   During the Employment Period the Executive and the eligible
                  Members of the Executive's family ("Dependents") who
                  participated (or otherwise provided coverage) on the
                  Commencement Date and continue to be eligible for
                  participation in any Welfare Plan, will receive all such
                  benefits under the Welfare Plans to the extent applicable
                  generally to other peer executives of Fidelity Southern, the
                  Bank and Affiliates similarly situated, but in no event will
                  the Welfare Plans provide benefits for the Executive and
                  Beneficiaries that are less favorable, in the aggregate, than
                  the most favorable benefits provided under the Welfare Plans
                  in effect at any time during the Employment Period.

            (e)   During the Employment Period, Fidelity Southern will maintain
                  in place the Individual Life Insurance Policies.

            (f)   During the Employment Period, the Executive will be entitled
                  to fringe benefits in accordance with the most favorable
                  plans, practices, programs and policies of Fidelity Southern,
                  the Bank and any Affiliate in effect for which the Executive
                  qualifies or qualified at any time during the Employment
                  Period including, if more favorable to the Executive, as in
                  effect at any time on or after the Change of Control with
                  respect to other peer executives of Fidelity Southern, the
                  Bank or any Affiliate.

                                       6

<PAGE>

      Section 4. Benefits Upon Termination of Employment.

            (a)   Provided the Executive executes a "Release" (as defined below)
                  and does not revoke such Release, the Executive will be
                  entitled to a Salary Continuance Benefit and a Welfare
                  Continuance Benefit as hereafter set forth if (i) the
                  employment of the Executive with Fidelity Southern, the Bank
                  or any Affiliate is terminated by Fidelity Southern, the Bank
                  or any Affiliate, other than for Cause, Disability or death,
                  during the period commencing upon the Commencement Date and
                  ending three years after a Change of Control ("Change of
                  Control Period"); or (ii) the Executive terminates his
                  employment with Fidelity Southern, the Bank or any Affiliate
                  for Good Reason during the Change of Control Period. Any
                  termination by the Executive will be communicated by Notice of
                  Termination to Fidelity Southern given in accordance with
                  Section 23(b). For purposes of this Agreement, a "Notice of
                  Termination" means a written notice which (i) indicates the
                  specific termination provision in this Section relied upon;
                  (ii) to the extent applicable, sets forth in reasonable detail
                  the facts and circumstances claimed to provide a basis for
                  termination of the Executive's employment under the provision
                  so indicated; and (iii), if applicable, indicates the date of
                  termination, which shall not be more than 30 days and more
                  than 60 days after the giving of such notice. The term
                  "Release" means a general release that releases Fidelity
                  Southern, the Bank, their Affiliates, shareholders, directors,
                  officers, employees, employee benefit plans, representatives,
                  and agents and their successors and assigns from any and all
                  employment related claims the Executive or the Executive's
                  successors and beneficiaries might then have against them
                  (excluding any claims for vested benefits under any employee
                  pension plan of Fidelity Southern, the Bank or the
                  Affiliates).

            (b)   The Salary Continuance Benefit will be the excess of (i) three
                  times the Executive's Final Compensation over (ii) the
                  aggregate amount payable under Section 14. The Salary
                  Continuance Benefit will be payable in seventy-two (72) equal
                  semi-monthly installments commencing on the 15th or last day
                  of the month immediately following the date of termination of
                  employment, whichever date occurs first, and then continuing
                  on the 15th and last day of each calendar month thereafter
                  until all such installments are paid. The Salary Continuance
                  Benefit will be made net of all required Federal and State
                  withholding taxes and similar required withholdings and
                  authorized deductions. The Salary Continuance Benefit shall be
                  payable to the estate of the Executive upon the death of the
                  Executive after the amounts become payable.

            (c)   During the Severance Period, the Executive and the Executive's
                  Dependents will continue to be covered by all Welfare Plans in
                  which the Executive or Dependents were participating
                  immediately prior to the date of the Executive's termination
                  of employment, subject to the eligibility

                                       7

<PAGE>

                  requirements of such Welfare Plans on the date of termination
                  of employment (the "Welfare Continuance Benefit"). Any changes
                  to any Welfare Plan during the Severance Period will be
                  applicable to the Executive and Dependents as if he continued
                  to be an employee of Fidelity Southern, the Bank or any
                  Affiliate. Fidelity Southern or the Bank will pay or they
                  shall cause an Affiliate to pay, all or a portion of the cost
                  of the Welfare Continuance Benefit for the Executive and
                  Dependents under the Welfare Plans on the same basis as
                  applicable, from time to time, to active employees covered
                  under the Welfare Plans and the Executive will pay any
                  additional costs comparable to those costs paid by active
                  executives. If such participation in any one or more of the
                  Welfare Plans included in the Welfare Continuance Benefit is
                  not possible under the terms of the Welfare Plan or any
                  provision of law would create any adverse tax effect for the
                  Executive or Fidelity Southern the Bank or any Affiliate due
                  to such participation, Fidelity Southern or the Bank will
                  provide or will cause an Affiliate to provide substantially
                  identical benefits directly or through an insurance
                  arrangement or pay the Executive's costs for such Welfare Plan
                  if continued by Executive, including as permitted under ERISA.
                  The Welfare Continuance Benefit as to any Welfare Plan will
                  cease if and when the Executive has obtained coverage under
                  one or more welfare benefit plans of a subsequent employer
                  that provide for equal or greater benefits to the Executive
                  and Dependents with respect to the specific type of benefit
                  provided under the applicable Welfare Plan.

            (d)   Fidelity Southern shall maintain the Individual Life Insurance
                  Policies at all times, including after termination of the
                  Executive's employment for any reason.

            (e)   If the Executive violates any of the undertakings set forth in
                  Sections 10, 11, 12 and 13 of this Agreement after termination
                  of his employment, any additional compensation and benefits
                  under this Section 4 shall cease; except that the benefits
                  under Section 4(d) shall continue to be available under the
                  terms of the Individual Life Insurance Policies.

            (f)   (i)   Fidelity Southern shall engage the independent
                        accounting firm regularly utilized by Fidelity Southern
                        ("Accounting Firm") to provide to Fidelity Southern and
                        Executive, at Fidelity Southern's expense, a
                        determination of whether any compensation payable to
                        Executive pursuant to this Agreement (alone or when
                        added to all other compensation paid or payable to the
                        Executive by Fidelity, the Bank or any Affiliate) during
                        the Severance Period constitutes a "parachute payment"
                        ("Parachute Payment") as defined in Section 280G of the
                        Internal Revenue Code of 1986, as amended (the "Code").
                        If the Accounting Firm determines that any such
                        compensation payable to Executive constitutes a
                        Parachute Payment, the Accounting Firm shall also
                        determine: (A) the amount of the excise tax to be
                        imposed under Section 4999 of the

____________
Executive

____________________
Fidelity Southern

____________
Bank

                                       8

<PAGE>

                        Code; (B) whether Executive would realize a greater
                        amount after Federal and Georgia income taxes (assuming
                        the highest marginal rates then in effect apply) if such
                        compensation payable to Executive were reduced (assuming
                        latest payments are reduced first) so that no amount
                        payable to Executive hereunder (alone or when added to
                        all other compensation paid or payable to the Executive
                        by Fidelity, the Bank or any Affiliate) constitutes a
                        Parachute Payment than the Executive would realize after
                        Federal and Georgia income taxes (assuming the highest
                        marginal rates then in effect apply) and after
                        imposition of the excise tax under Section 4999 of the
                        Code if the amounts payable to Executive hereunder were
                        not so reduced; and (C), if the Accounting Firm
                        determines in (B) above that Executive would realize a
                        higher amount if the compensation payable to Executive
                        were so reduced, the amount of the reduced benefit. All
                        determinations shall be made on a present value basis.
                        The Accounting Firm shall provide to Fidelity Southern
                        and to Executive a written report of its calculations
                        and determinations hereunder as soon as practicable. No
                        later than fifteen (15) days following receipt by
                        Executive of the report from the Accounting Firm,
                        Executive will notify Fidelity Southern in writing of
                        any disagreement with said report, and, in such case,
                        Fidelity Southern shall direct the Accounting Firm to
                        promptly discuss its determinations with an accountant
                        or other counsel designated by Executive in Executive's
                        written notice and seek to reach an agreement regarding
                        same no later than fifteen (15) days after receipt of
                        the Executive's notice, with Fidelity Southern and
                        Executive, each bearing the cost of their own
                        accountants, counsel and other advisers. If no agreement
                        can be reached, the matter shall be promptly submitted
                        to binding arbitration under the rules of the American
                        Arbitration Association before a single arbitrator in
                        Atlanta, Georgia. The determinations so made shall be
                        binding on the parties. If it is determined hereunder
                        that Executive would realize a greater amount after
                        Federal and Georgia income taxes (assuming the highest
                        marginal rates then in effect apply) if the compensation
                        payable to Executive pursuant to this Agreement were
                        reduced (assuming latest payments are reduced first) so
                        that no amount payable to Executive hereunder
                        constitutes a Parachute Payment, then the amounts
                        payable to Executive pursuant to this Agreement shall be
                        so reduced.

                  (ii)  As a result of the uncertainty in the application of
                        Sections 280G and 4999 of the Code, it is possible that
                        amounts will have been paid or distributed to the
                        Executive that should not have been paid or distributed
                        under this Section 4(e) ("Overpayments"), or that
                        additional amounts should be paid or distributed to the
                        Executive under this Section 4(e) ("Underpayments"). If
                        based on either the

                                       9

<PAGE>

                        assertion of a deficiency by the Internal Revenue
                        Service against Fidelity or the Executive, which
                        assertion has a high probability of success, or
                        controlling precedent or substantial authority, an
                        Overpayment has been made, that Overpayment will be
                        treated for all purposes as a loan ab initio that the
                        Executive must repay to Fidelity immediately together
                        with interest at the applicable Federal rate under
                        Section 7872 of the Code; provided, however, that no
                        loan will be deemed to have been made and no amount will
                        be payable by the Executive to Fidelity unless, and then
                        only to the extent that, the deemed loan and payment
                        would either reduce the amount on which the Executive is
                        subject to tax under Section 4999 of the Code or
                        generate a refund of tax imposed under Section 4999 of
                        the Code. If based upon controlling precedent or
                        substantial authority, an Underpayment has occurred, the
                        amount of that Underpayment will be paid to the
                        Executive promptly by Fidelity. Whether an Overpayment
                        or Underpayment has occurred may be determined in
                        substantially the same manner as the original
                        determination.

                  (iii) Fidelity and the Executive shall each provide the
                        Accounting Firm access to and copies of any books,
                        records and documents in the possession of Fidelity or
                        Executive, as the case may be, reasonably requested by
                        the Accounting Firm, and otherwise cooperate with the
                        Accounting Firm in connection with the preparation and
                        issuance of the determinations and calculations
                        contemplated by this Section 4(e).

                  (iv)  The federal, state and local income or other tax returns
                        filed by Executive shall be prepared and filed on a
                        consistent basis with the determination with respect to
                        the excise tax payable by Executive. The Executive, at
                        the request of Fidelity, shall provide Fidelity true and
                        correct copies (with any amendments) of his federal
                        income tax return as filed with the Internal Revenue
                        Service and corresponding state and local tax returns,
                        if relevant, as filed with the applicable taxing
                        authority, and such other documents reasonably requested
                        by Fidelity, evidencing such conformity.

      Section 5. Outplacement Services.

      If the Executive is entitled to a Severance Benefit under Section 4, the
      Executive also will be entitled in addition to receive complete
      outplacement services, including job search, interview skill services, job
      retaining and education and resume preparation, paid by Fidelity Southern
      up to a total cost of $20,000. The services will be provided by a
      nationally or regionally recognized outplacement organization selected by
      the Executive with the approval of Fidelity Southern (which approval will
      not be unreasonable withheld). The services will be provided for up to two
      (2) years after the Executive's

                                       10

<PAGE>

      termination of employment or until Executive obtains full-time employment,
      whichever occurs first.

      Section 6. Death.

      If the Executive dies while receiving a Welfare Continuation Benefit, the
      Executive's Dependents will continue to be covered under all applicable
      Welfare Plans during the remainder of the Severance Period.

      Section 7. Setoff.

            (a)   Except as otherwise provided in Section 7(c) below, payment of
                  a Severance Benefit will be in addition to any other amounts
                  otherwise then currently payable to the Executive, including
                  any accrued but unpaid vacation pay or deferred compensation.
                  No payments or benefits payable to or with respect to the
                  Executive pursuant to this Agreement will be reduced by any
                  amount the Executive may earn or receive from employment with
                  another employer or from any other source. In no event will
                  the Executive be obligated to seek other employment or take
                  any other action by way of mitigation of the amounts payable
                  to the Executive under any of the provisions of this Agreement
                  and, except as provided in the last sentence of Section 4(c)
                  with respect to the Welfare Continuation Benefit or in Section
                  5 with respect to outplacement services, such amounts will not
                  be reduced whether or not the Executive obtains other
                  employment.

            (b)   Nothing in this Agreement will limit or otherwise affect such
                  rights as the Executive may have under any other contract or
                  agreement with Fidelity Southern, the Bank or Affiliates.
                  Amounts which constitute vested benefits or which the
                  Executive is otherwise entitled to receive under any plan,
                  policy, practice or program of or any contract or agreement
                  (collectively, "programs") with Fidelity Southern, the Bank or
                  Affiliates at or subsequent to the Executive's termination of
                  employment will be payable in accordance with such program.

            (c)   The total amount payable hereunder for Salary Continuation
                  Benefits and consideration for the non-compete,
                  non-solicitation and non-disclosure provisions (as set forth
                  in Section 14) shall not exceed three times the Executive's
                  Final Compensation. Fidelity Southern, the Bank or an
                  Affiliate and Executive may be parties to other agreements,
                  policies, plans, programs or arrangements relating to the
                  Executive's employment. This Agreement shall be construed and
                  interpreted so that the Salary Continuance Benefit, Welfare
                  Continuance Benefit and other payments (including, but not
                  limited to, payments described in Section 14 below) hereunder
                  are paid or made available only to the extent that similar
                  amounts are not paid or made available to the Executive under
                  any other similar agreements, policies, plans, programs or
                  arrangements. Without

                                       11

<PAGE>

                  limiting the foregoing, any Salary Continuance Benefit,
                  Welfare Continuance Benefit and other payments (including, but
                  not limited to, payments described in Section 14 below)
                  payable under this Agreement shall be reduced by any other
                  compensation, severance pay, continued welfare benefits,
                  non-compete payments or other similar amounts that the
                  Executive receives under any employment or employment-related
                  agreement with Fidelity Southern, the Bank or any Affiliate
                  and under any other similar agreements, policies, plans,
                  programs or arrangements covering the Executive with respect
                  to Fidelity Southern, the Bank or any Affiliate; it being the
                  intent of both the Executive and Fidelity Southern, the Bank
                  or any Affiliate not to provide to the Executive any
                  duplicative payments, severance pay or welfare benefits
                  hereunder.

            (d)   To the extent that federal, state or local law requires
                  Fidelity Southern, the Bank or an Affiliate to provide notice
                  and/or make a payment to the Executive because of involuntary
                  termination of employment, the severance pay available under
                  this Agreement for periods for which the Executive is not
                  required to report to work shall be reduced, but not below
                  zero, by the amount of any such mandated payments.

      Section 8. No Interest in Benefit.

      No interest of the Executive or any Beneficiary, or any right to receive
      any payment or distribution hereunder, will be subject in any manner to
      sale, transfer, assignment, pledge, attachment, garnishment, or other
      alienation or encumbrance of any kind, nor may such interest or right to
      receive a payment or distribution be taken, voluntarily or involuntarily,
      for the satisfaction of the obligation or debts of, or other claims
      against, the Executive or Beneficiary, including claims for alimony,
      support, separate maintenance, and claims in bankruptcy proceedings.

      Section 9. Benefits Unfunded.

      All rights under this Agreement of the Executive and Beneficiaries will at
      all times be entirely unfunded, and no provision will at any time be made
      with respect to segregating any assets of Fidelity or any Affiliate for
      payment of any amounts due hereunder. The Executive and Beneficiaries will
      have only the rights of general unsecured creditors of Fidelity.

      Section 10. Covenant Not to Compete.

      The Executive agrees that during his employment with Fidelity Southern or
      Bank and for a period of eighteen (18) months after termination of the
      Executive's employment with Fidelity Southern or Bank for any reason, that
      the Executive shall not, on his own behalf or on another's behalf, work in
      any management or executive capacity in the business of providing banking
      or banking related services. This restriction shall apply only within a
      50-mile radius of 3490 Piedmont Road, Atlanta, Georgia 30305. The
      Executive agrees that because of the nature of Fidelity Southern's and
      Bank's business, the nature of the

                                       12

<PAGE>

      Executive's job responsibilities, and the nature of the Confidential
      Information and Trade Secrets of Fidelity Southern and Bank which Fidelity
      Southern and Bank will give the Executive access to, any breach of this
      provision by the Executive would result in the inevitable disclosure of
      Fidelity Southern's and Bank's Trade Secrets and Confidential Information
      to its direct competitors.

      Section 11. Non-Solicitations of Customers.

      Executive agrees that during his employment with Fidelity Southern or Bank
      and for a period of eighteen (18) months after termination of his
      employment with Fidelity Southern or Bank for any reason, Executive will
      not will not directly or indirectly solicit, contact, call upon,
      communicate with or attempt to communicate with any client or customer of
      Fidelity Southern or Bank for the purpose of providing banking or banking
      related services. This restriction shall apply only to any client or
      customer of Fidelity Southern or Bank with whom Executive had material
      contact during the last twelve months of Executive's employment with
      Fidelity Southern or Bank. "Material contact" means interaction between
      Executive and the client or customer which takes place to further the
      business relationship. "Clients" and "customers" include, but are not
      limited to, depositors and commercial loan customers.

      Section 12. Non-Solicitations of Employees.

      Executive agrees that during his employment with Fidelity Southern or Bank
      and for a period of eighteen (18) months after termination of his
      employment with Fidelity Southern or Bank for any reason, Executive will
      not recruit, hire or attempt to recruit or hire, directly or by assisting
      others, any other employee of Fidelity Southern or Bank with whom
      Executive had material contact during Executive's employment with Fidelity
      Southern or Bank. This restriction shall apply only to recruiting, hiring
      or attempting to recruit or hire any employee for the purpose of working
      in the business of providing banking or banking related services.

      Section 13. Confidentiality, Proprietary Information and Inventions.

            (a)   During the term of Executive's employment with Fidelity
                  Southern or Bank, and at all times thereafter, Executive shall
                  not use or disclose to others, without the prior written
                  consent of Fidelity Southern and Bank, any Trade Secrets (as
                  hereinafter defined) of Fidelity Southern or Bank, or any
                  subsidiary thereof or any of their customers, except for use
                  or disclosure thereof in the course of the business of
                  Fidelity Southern or Bank (or that of any subsidiary), and
                  such disclosure shall be limited to those who have a need to
                  know.

            (b)   During the term of Executive's employment with Fidelity
                  Southern or Bank, and for eighteen (18) months after
                  termination of his employment with Fidelity Southern or Bank
                  for any reason, Executive shall not use or disclose to others,
                  without the prior written consent of Fidelity Southern and
                  Bank, any Confidential Information (as hereinafter defined) of

                                       13

<PAGE>

                  Fidelity Southern or Bank, or any subsidiary thereof or any of
                  their customers, except for use or disclosure thereof in the
                  course of the business of Fidelity Southern or Bank (or that
                  of any subsidiary), and such disclosure shall be limited to
                  those who have a need to know.

            (c)   Upon termination of employment with Fidelity Southern or Bank
                  for any reason, Executive shall not take with him any
                  documents or data of Fidelity Southern or Bank or any
                  subsidiary or of any customer thereof or any reproduction
                  thereof and agrees to return any such documents and data in
                  his possession at that time.

            (d)   Executive agrees to take reasonable precautions to safeguard
                  and maintain the confidentiality and secrecy and limit the use
                  of all Trade Secrets and Confidential Information of Fidelity
                  Southern, Bank and all subsidiaries and customers thereof.

            (e)   Trade Secrets shall include only such information constituting
                  a "Trade Secret" within the meaning of subsection 10-1-761(4)
                  of the Georgia Trade Secrets Act of 1990, including as
                  hereafter amended. Confidential Information shall include all
                  information and data which is protectable as a legal form of
                  property or non-public information of Fidelity Southern or
                  Bank or their customers, excluding any information or data
                  which constitutes a Trade Secret.

            (f)   Trade Secrets and Confidential Information shall not include
                  any information (A) which becomes publicly known through no
                  fault or act of Executive; (B) is lawfully received by
                  Executive from a third party after termination of employment
                  without a similar restriction regarding confidentiality and
                  use and without a breach of this Agreement; or (C) which is
                  independently developed by Executive and entirely unrelated to
                  the business of providing banking or banking related services.

            (g)   Executive agrees that any and all information and data
                  originated by Executive while employed by Fidelity Southern or
                  Bank and, where applicable, by other employees or associates
                  under Executive's direction or supervision in connection with
                  or as a result of any work or service performed under the
                  terms of Executive's employment, shall be promptly disclosed
                  to Fidelity Southern and Bank, shall become Fidelity Southern
                  and/or Bank's property, and shall be kept confidential by
                  Executive. Any and all such information and data, reduced to
                  written, graphic, or other tangible form and any and all
                  copies and reproduction thereof shall be furnished to Fidelity
                  Southern and Bank upon request and in any case shall be
                  returned to Fidelity Southern and Bank upon termination of
                  Executive's employment with Fidelity Southern or Bank.

            (h)   Executive agrees that Executive will promptly disclose to
                  Fidelity Southern and Bank all inventions or discoveries made,
                  conceived, or for

                                       14

<PAGE>

                  the first time reduced to practice in connection with or as a
                  result of the work and/or services Executive performs for
                  Fidelity Southern or Bank.

            (i)   Executive agrees that he will assign the entire right, title,
                  and interest in any such invention or inventions and any
                  patents that may be granted thereon in any country in the
                  world concerning such inventions to Fidelity Southern and
                  Bank. Executive further agrees that Executive will, without
                  expense to Fidelity Southern or Bank, execute all documents
                  and do all acts which may be necessary, desirable, or
                  convenient to enable Fidelity Southern and Bank, at its
                  expense, to file and prosecute applications for patents on
                  such inventions, and to maintain patents granted thereon.

      Section 14. Consideration for Non-Compete, Non-Solicitation and
                  Non-Disclosure Provisions.

      In consideration of the Executive's undertakings set forth in Sections 10,
      11, 12 and 13 above, with respect to periods after termination of
      employment, Fidelity Southern or Bank will pay the Executive thirty six
      (36) equal semi-monthly installments, each installment in an amount equal
      to sixty percent (60%) of his Annual Base Salary in effect immediately
      prior to the termination of employment divided by 24, commencing on the
      15th or last day of the month immediately following the date of
      termination of employment, whichever date occurs first, and on the 15th
      and last day of each calendar month thereafter until all such installments
      are paid. If the Executive violates any of the undertakings set forth in
      Sections 10, 11, 12 and 13 of this Agreement, the Executive waives and
      forfeits any and all rights to any further payments under this Agreement,
      including but not limited to, any additional payments, compensation or
      Severance Benefits he may otherwise be entitled to receive under this
      Agreement.

      Section 15. Specific Performance.

      Because of Executive's knowledge and experience, Executive agrees that
      Fidelity Southern, the Bank and Affiliates shall be entitled to specific
      performance, an injunction, temporary injunction or other similar
      equitable relief in addition to all other rights and remedies it might
      have for any violation of the undertakings set forth in Sections 10, 11,
      12 or 13 of this Agreement. In any such court proceeding or arbitration,
      Executive will not object thereto and claim that monetary damages are an
      adequate remedy.

      Section 16. Indemnification of Executive.

      Fidelity Southern, the Bank or Affiliates shall indemnify Executive and
      shall advance reasonable reimbursable expenses incurred by Executive in
      any proceeding against Executive, including a proceeding brought by or in
      the right of Fidelity Southern, the Bank or any Affiliate, as a director
      or officer of Fidelity Southern, the Bank or any Affiliate thereof, except
      claims and proceedings brought by Fidelity Southern, the Bank or any
      Affiliate against Executive, to the fullest extent permitted under the
      Georgia Business Corporation Code, and the Articles of Incorporation and
      By-Laws of Fidelity

                                       15

<PAGE>

      Southern, the Bank or any applicable Affiliate, as such Code, Articles or
      By-Laws may be amended from time to time hereafter.

      Section 17. Applicable Law.

      This Agreement will be construed and interpreted in accordance with the
      laws of the State of Georgia without reference to its conflict of laws
      rules.

      Section 18. No Employment Contract.

      Nothing contained in this Agreement shall be construed to be an employment
      contract between the Executive and Fidelity.

      Section 19. Severability.

      In the event any provision of this Agreement is held illegal or invalid,
      the remaining provisions of this Agreement will not be affected thereby.

      Section 20. Successors.

            (a)   The Agreement will be binding upon and inure to the benefit of
                  the Fidelity Southern, the Bank, Affiliates, the Executive and
                  their respective heirs, representatives and successors.

            (b)   Fidelity Southern and Bank will require any successor (whether
                  direct or indirect, by purchase, merger, consolidation or
                  otherwise) to all or substantially all of the business and/or
                  assets of Fidelity Southern, the Bank or Affiliates, as the
                  case may be, to assume expressly and agree to perform this
                  Agreement in the same manner and to the same extent that
                  Fidelity Southern and Bank would be required to perform it if
                  no such succession had taken place. As used in this Agreement,
                  "Fidelity Southern" will mean Fidelity Southern as herein
                  defined and any successor to its business and/or assets which
                  assumes this Agreement by operation of law or otherwise.

      Section 21. Litigation Expenses.

            (a)   Fidelity Southern and the Bank agree to pay or reimburse
                  Executive promptly as incurred, to the full extent permitted
                  by law, all legal fees and expenses which the Executive may
                  reasonably incur as a result of any contest (regardless of the
                  outcome thereof unless a court of competent jurisdiction
                  determines that the Executive acted in bad faith in initiating
                  the contest) by Fidelity Southern, the Bank, any Affiliate,
                  the Executive or others regarding the validity or
                  enforceability of, or liability under, any provision of this
                  Agreement (including as a result of any contest by the
                  Executive about the amount of any payment pursuant to this
                  Agreement), plus in each case interest on any delayed payment
                  at the applicable Federal rate provided for in the Internal
                  Revenue Code Section 7872 (f)(2)(A);

_____________
Executive

___________________
Fidelity Southern

_____________
Bank

                                       16

<PAGE>

                  provided however, that the reasonableness of the fees and
                  expenses must be determined by an independent arbitrator,
                  using standard legal principles, mutually agreed upon by
                  Fidelity Southern or the Bank, as the case may be, and the
                  Executive in accordance with rules set forth by the American
                  Arbitration Association.

            (b)   If there is any dispute between Fidelity Southern, the Bank or
                  any Affiliate and the Executive, in the event of any
                  termination of the Executive's employment by Fidelity
                  Southern, the Bank or Affiliate or by the Executive, then,
                  unless and until there is a final, nonappealable judgment by a
                  court of competent jurisdiction declaring that the Executive
                  is not entitled to benefits under this Agreement, Fidelity
                  will pay or cause to be paid all amounts, and provide all
                  benefits, to the Executive and/or the Executive's family or
                  other Beneficiaries, as the case may be, that Fidelity or any
                  Affiliate would be required to pay or provide pursuant to this
                  Agreement. Fidelity Southern, the Bank and Affiliates will not
                  be required to pay any disputed amounts pursuant to this
                  subsection except upon receipt of an undertaking (which may be
                  unsecured) by or on behalf of the Executive to repay all such
                  amounts to which the Executive is ultimately adjudge by such
                  court not to be entitled.

      Section 22. Future Employers.

      Fidelity Southern, the Bank or any Affiliate may notify anyone employing
      Executive or evidencing an intention to employ Executive as to the
      existence and provisions of this Agreement and may provide any such person
      or organization a copy of this Agreement. Executive agrees that for a
      period of 18 months after termination of Executive's employment with
      Fidelity Southern or the Bank for any reason, Executive will provide
      Fidelity Southern and Bank the identity of any employer Executive goes to
      work for along with Executive's job title and anticipated job duties with
      such employer.

      Section 23. Miscellaneous.

            (a)   Amendments/Waivers. No provision of this Agreement may be
                  modified, waived or discharged unless such waiver,
                  modification or discharge is agreed to in writing and the
                  writing is signed by the Executive and Fidelity Southern and
                  the Bank. A waiver of any breach of or compliance with any
                  provision or condition of this Agreement is not a waiver of
                  similar or dissimilar provisions or conditions. This Agreement
                  may be executed in one or more counterparts, all of which will
                  be considered one and the same agreement.

            (b)   Notices. All notices, requests, demands and other
                  communications required or permitted hereunder shall be in
                  writing and shall be deemed to have been given upon receipt
                  when delivered by hand or upon delivery to the address of the
                  party determined pursuant to this Section 23 when delivered by
                  express mail, overnight courier or other similar method to

                                       17

<PAGE>

                  such address or by facsimile transmission (provided a copy is
                  also sent by registered or certified mail or by overnight
                  courier), or five (5) business days after deposit of the
                  notice in the US mail, if mailed by certified or registered
                  mail, with postage prepaid addressed to the respective party
                  as set forth below, which address may be changed by written
                  notice to the other parties:

                  If to Fidelity Southern or Bank:
                       Fidelity Southern Corporation
                       3490 Piedmont Road
                       Suite 1550
                       Atlanta, Georgia 30305
                       Attn: Chief Executive Officer

                  If to Executive:
                       James B. Miller, Jr.
                       c/o Fidelity Southern Corporation
                       3490 Piedmont Road, Suite 1550
                       Atlanta, Georgia 30305

            (c)   Confidentiality. The Executive agrees that Executive will not
                  discuss the Executive's employment and resignation or
                  termination (including the terms of this Agreement) with any
                  representatives of the media, either directly or indirectly,
                  without the prior written consent and approval of Fidelity
                  Southern and the Bank.

      Section 24. Entire Agreement.

      No agreement or representations, oral or otherwise, express or implied,
      with respect to the subject matter hereof have been made by a party which
      is not expressly set forth in this Agreement. This Agreement sets forth
      the entire understanding of the parties with respect to the subject matter
      hereof.

                                       18

<PAGE>

      IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first set forth above.

                                     FIDELITY SOUTHERN CORPORATION

                                     By:    /s/ David R. Bockel
                                        ------------------------------------
                                     Name:  David R. Bockel
                                     Title: Chairman, Compensation Committee

                                     FIDELITY SOUTHERN BANK

                                     By:    /s/ David R. Bockel
                                        -------------------------------------
                                     Name:  David R. Bockel
                                     Title: Chairman, Compensation Committee

                                     EXECUTIVE

                                     /s/ James B. Miller, Jr.
                                     ----------------------------------------
                                     James B. Miller, Jr.

                                       19

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