Document:

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                                                                    Exhibit 10.2

                          FIDELITY SOUTHERN CORPORATION
                                  FIDELITY BANK
                              EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT ("Agreement") is entered into as of the 19th day
of January, 2006, by and among FIDELITY SOUTHERN CORPORATION ("Fidelity"), a
Georgia Corporation, FIDELITY BANK (the "Bank"), a Georgia banking corporation,
and JAMES B. MILLER, JR. ("Miller"). The Employment Agreement among Fidelity,
the Bank and Miller dated March 17, 2005 (the "2005 Agreement") is hereby
terminated and replaced by this Agreement effective as of January 1, 2006;
provided, however, that Miller shall retain all rights to any incentive
compensation payable under the 2005 Agreement which was earned and payable as of
the date hereof.

     WHEREAS, Miller is the Chairman, Chief Executive Officer and President of
Fidelity and Chairman and Chief Executive Officer of the Bank;

     WHEREAS, Fidelity and the Bank agree to continue to employ Miller as Chief
Executive Officer, subject to his election, to provide the services set forth
herein; and

     WHEREAS, Miller 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 Miller as the President and Chief Executive
Officer and the Bank shall employ Miller as Chief Executive Officer during the
term of his employment as set forth in this Agreement and Miller hereby accepts
such employment. Miller also agrees to serve as the Chairman of the Board of
Directors of Fidelity (the "Board") and of the Bank upon his election to such
positions.

          (b) Miller shall be the senior executive officer of Fidelity and shall
be responsible for the day-to-day operations of the business of Fidelity and
shall have such authority consistent with such positions and necessary for the
conduct of such business under the general direction of the Board of Directors
of Fidelity.

          (c) Miller 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. Miller shall devote his full business time to the performance of his
obligations hereunder.

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

            (e) Miller 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 Board formally has approved such service before Miller 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 Miller
hereunder, Fidelity and the Bank will pay to Miller an aggregate base salary
("Base Salary") at the rate of $500,000 per year, payable in arrears in equal
semi-monthly payments, subject to applicable withholdings and deductions. In the
event of the disability of Miller, 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 Miller loses
due to such disability.

          (b) Incentive Compensation. Fidelity and the Bank shall pay to Miller
the incentive compensation ("Incentive Compensation") determined as set forth in
Attachment A hereto. Miller 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. Miller 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 Miller and designate Fidelity as
the beneficiary. Miller agrees to execute any documents necessary to effect the
issuance of such policy. Miller hereby acknowledges that he has consented to the
purchase and maintenance by Fidelity of the Split Dollar Insurance Plan (the
"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). The policies purchased and maintained by Fidelity
under the Split Dollar Plan shall be maintained by Fidelity at all times
hereafter, including after the termination of this Agreement or Miller's
Termination of Employment. In addition, Fidelity and the Bank agree to maintain
three Flexible Premium Adjustable Life Insurance, Universal Life policies issued
by Great-West Life & Annuity Insurance Company ("Great-West") one in the face
amount of $6 million, one issued by Life Investors Insurance Company of America
("Life Investors") in the face amount of $800,000 and one issued by Mass Mutual
Financial Group ("Mass Mutual") in the face amount of $800,000 each of which is
payable to beneficiaries designated by Miller or his estate or trust in lieu
thereof, at all times hereafter

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(except as provided in Section 3(e)), regardless of the termination of this
Agreement or Miller's Termination of Employment hereunder including a
Termination of Employment pursuant to Section 3.

          (e) Vacation. Miller 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.

          (f) Expenses. Fidelity shall pay all reasonable expenses incurred by
Miller in the performance of his responsibilities and duties for Fidelity,
including without limitation, dues payable to the Atlanta Athletic Club and the
Capital City Club and to such reasonable civic organizations of Miller's choice.
Miller 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 Miller for the full amount of all
such expenses advanced by Miller.

          (g) Automobile. Fidelity will continue to provide Miller 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, Miller may have a
Termination of Employment by the Board "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 Miller 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 Miller (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 a Termination of Employment for cause, Fidelity and the
Bank shall have no further obligation to pay any compensation to Miller or make
available to Miller participation under any employee benefit program for periods
after the effective date of the Termination of Employment for cause. Upon such a
Termination of Employment, the Base Salary which accrued as of the termination
date, the Incentive Compensation payable pursuant to Section 2(b) for the
periods of employment and accrued but unused vacation pay will be paid after the
effective date of termination on the next normal payroll payment date.

          (b) Other Termination by Fidelity.

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               (i) Miller may have a Termination of Employment by Fidelity or
the Bank 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 a Termination of Employment, the Base Salary which
accrued as of the termination date, the Incentive Compensation payable pursuant
to Section 2(b) for the periods of employment and accrued but unused vacation
pay will be paid after the effective date of termination on the next normal
payroll payment date. Miller's right to additional compensation after the
effective date of termination shall cease, except that if Miller executes a
"Release" (as defined below) within the time period specified by Fidelity or the
Bank, and does not revoke such Release, Miller 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. If Miller is not a Specified Employee (as
defined below) such severance benefit will be payable in 72 equal semi-monthly
installments commencing on the 15th or last day of the month immediately
following the date of the 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. If Miller is a Specified
Employee, such severance benefit shall not be payable until the first 15th or
last day of the month which is at least six months after Miller's Termination of
Employment. All installments, which would have otherwise been required to be
made over such six-month period if Miller had not been a Specified Employee
shall be paid to Miller in one lump sum payment as soon as administratively
feasible after the first 15th or last day of the month which is at least six
months after Miller's Termination of Employment. After the lump sum payment, the
remaining semi-monthly installments (each equal to 1/72 of the total severance
benefit) will continue on the 15th and last day of each calendar month until all
such installments are paid.

               (ii) Additionally, if Miller timely executes and does not revoke
a Release and elects such continued participation, 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 Miller 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 Miller, Fidelity or the Bank, due to such participation,
Fidelity will provide substantially identical benefits directly or through an
insurance arrangement or pay Miller's costs for such welfare benefits if
continued by Miller, including as permitted under ERISA. Notwithstanding the
above, if Miller is a Specified Employee and if Fidelity or the Bank determines
that any portion of such employee welfare benefits are subject to Section 409A
of the Code, then to the extent necessary to avoid taxation under Section 409A,
Miller will be required to pay for such employee welfare benefits during the
six-month period following his Termination of Employment; provided; however,
that at the end of such six-month period, Fidelity or the Bank will reimburse
Miller for such payments.

               (iii) 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 Miller or Miller's successors and

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beneficiaries might then have against them (excluding any claims for vested
benefits under any employee pension plan of Fidelity or the Bank).

               (v) If Miller violates any of the undertakings set forth in
Sections 4, 5, 6 and 7 of this Agreement after the Termination of Employment,
any additional compensation and benefits under Sections 3(b)(i) & 3(b)(ii) shall
cease.

               (vi) Subsequent to the date of any written notice of termination
provided to Miller pursuant to Section 3(b) or by Miller 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
Miller, at Fidelity's expense, a determination of whether any compensation
payable to Miller pursuant to Sections 3(b)(i) & 3(b)(ii) (alone or when added
to all other compensation paid or payable to Miller 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 Miller pursuant to
Sections 3(b)(i) & 3(b)(ii) (alone or when added to all other compensation paid
or payable to Miller 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 Miller 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 Miller
pursuant to Sections 3(b)(i) & 3(b)(ii) were reduced (assuming latest payments
are reduced first) so that no amount payable to Miller hereunder (alone or when
added to all other compensation paid or payable to Miller 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 Miller hereunder were not so reduced; and (C), if the
Accounting Firm determines in (B) above that Miller would realize a higher
amount if the compensation payable to Miller 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 Miller a written report of its
determinations hereunder no later than forty-five (45) days prior to the
termination date. No later than fifteen (15) days following his receipt of the
report from the Accounting Firm, Miller 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 Miller 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 Miller, 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 16 hereof by either
party. The determinations so made shall be binding on the parties. If it is
determined hereunder that Miller 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 Sections 3(b)(i) &
3(b)(ii) were reduced (assuming latest payments are reduced first) so that no
amount payable to Miller hereunder constitutes a Parachute Payment, then the
amounts payable to Miller pursuant to Sections 3(b)(i) & 3(b)(ii) shall be so
reduced.

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               (vii) 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 Miller that should not have been paid or distributed
under this Section 3(b) ("Overpayments"), or that additional amounts should be
paid or distributed to Miller under this Section 3(b) ("Underpayments"). If
based on either the assertion of a deficiency by the Internal Revenue Service
against Fidelity or Miller, 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
Miller 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 Miller
to Fidelity unless, and then only to the extent that, the deemed loan and
payment would either reduce the amount on which Miller 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
Miller promptly by Fidelity. Whether an Overpayment or Underpayment has occurred
may be determined in substantially the same manner as the original
determination.

               (viii) Fidelity and Miller shall each provide the Accounting Firm
access to and copies of any books, records and documents in the possession of
Fidelity or Miller, 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).

               (ix) The Federal, state and local income or other tax returns
filed by Miller shall be prepared and filed on a consistent basis with the
determination with respect to the excise tax payable by Miller. Miller, 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.

          (c) Termination by Miller. (i) Miller may have a Termination of
Employment by Miller at any time upon at least 90 days' prior written notice to
Fidelity and the Bank. Upon such Termination of Employment Miller's right to
compensation after the effective date of termination shall cease. Upon such a
Termination of Employment, the Base Salary which accrued as of the termination
date, the Incentive Compensation payable pursuant to Section 2(b) for the
periods of employment and accrued but unused vacation pay will be paid after the
effective date of termination on the next normal payroll payment date.

               (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 Miller to the Board,
termination by Miller of this Agreement for such failure shall be deemed to
constitute a Termination of Employment by Fidelity and the Bank without cause
under Section 3(b) of this Agreement. A reduction in the

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responsibilities and authority of Miller as provided in Section l(b) shall
constitute a breach of a material obligation of Fidelity and the Bank hereunder.

          (d) Termination Upon Death or Disability.

               (i) Miller shall have a Termination of Employment 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 Miller.

               (ii) Upon Termination of Employment upon death or by Fidelity
upon total disability, Miller's right to compensation after the effective date
of termination shall cease . Upon such a Termination of Employment, the Base
Salary which accrued as of the termination date, the Incentive Compensation
payable pursuant to Section 2(b) for the periods of employment and accrued but
unused vacation pay will be paid after the effective date of termination on the
next normal payroll payment date. Fidelity and the 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 Miller
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 Miller
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. Miller agrees to submit
medical records requested and to submit to such examination and testing
reasonably requested by such physician.

          (e) Life Insurance Policies. Termination of this Agreement or the
benefits payable hereunder for any reason, including pursuant to Section 3(a),
(b), (c) or (d) hereof, shall not terminate the duty of Fidelity and the Bank to
maintain or continue the Split Dollar Plan, or the insurance policies with
Great-West, Life Investors and Mass Mutual pursuant to Section 2(d) hereof,
including any substitute plan or policy hereafter mutually agreed to.
Notwithstanding any other provision of this Agreement, if Miller is a Specified
Employee and if Fidelity determines that the maintenance of the Split Dollar
Plan, or the insurance policies with Great-West, Life Investors and Mass Mutual
is subject to Section 409A of the Code, then, to the extent necessary to avoid
taxation under Section 409A, Miller will be required to pay for the maintenance
of the Split Dollar Plan, and the insurance policies with Great-West, Life
Investors and Mass Mutual during the six-month period following his Termination
of Employment; provided; however, that at the end of such six-month period,
Fidelity or the Bank will reimburse Miller for such payments.

     4. COVENANT NOT TO COMPETE. Miller agrees that during his employment with
Fidelity or the Bank and for a period of eighteen (18) months after Miller's
Termination of

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Employment for any reason other than a Termination of Employment by Fidelity or
the Bank, that Miller 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. Miller agrees that because
of the nature of Fidelity's and the Bank's business, the nature of Miller's job
responsibilities, and the nature of the Confidential Information and Trade
Secrets of Fidelity and the Bank which Fidelity and the Bank will give Miller
access to, any breach of this provision by Miller would result in the inevitable
disclosure of Fidelity's and the Bank's Trade Secrets and Confidential
Information to its direct competitors.

     5. NON-SOLICITATIONS OF CLIENTS AND CUSTOMERS. Miller agrees that during
his employment with Fidelity or the Bank and for a period of eighteen (18)
months after Miller's Termination of Employment for any reason, Miller will not
directly or indirectly solicit, contact, call upon, communicate with or attempt
to communicate with any client or customer of Fidelity or the Bank for the
purpose of providing banking or banking related services. This restriction shall
apply only to any client or customer of Fidelity or the Bank with whom Miller
had material contact during the last twelve months of Miller's employment with
Fidelity or the Bank. "Material contact" means interaction between Miller 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, SBA or construction loan customers.

     6. NON-SOLICITATIONS OF EMPLOYEES. Miller agrees that during his employment
with Fidelity or the Bank and for a period of eighteen (18) months after
Miller's Termination of Employment for any reason, Miller will not recruit, hire
or attempt to recruit or hire, directly or by assisting others, any other
employee of Fidelity or the Bank with whom Miller had material contact during
Miller's employment with Fidelity or the 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 Miller's employment with Fidelity or the Bank,
and at all times thereafter, Miller shall not use or disclose to others, without
the prior written consent of Fidelity and the Bank, any Trade Secrets (as
hereinafter defined) of Fidelity or the 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 the 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 Miller's employment with Fidelity or the Bank,
and for eighteen (18) months after Miller's Termination of Employment for any
reason, Miller shall not use or disclose to others, without the prior written
consent of Fidelity and the Bank, any Confidential Information (as hereinafter
defined) of Fidelity or the 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 the Bank (or that of any subsidiary), and such disclosure shall be
limited to those who have a need to know.

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          (c) Upon Miller's Termination of Employment for any reason, Miller
shall not take with him any documents or data of Fidelity or the 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) Miller 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, the 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 the 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 Miller;
(B) is lawfully received by Miller 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
Miller and entirely unrelated to the business of providing banking or banking
related services.

          (g) Miller agrees that any and all information and data originated by
Miller while employed by Fidelity or the Bank and, where applicable, by other
employees or associates under Miller's direction or supervision in connection
with or as a result of any work or service performed under the terms of Miller's
employment, shall be promptly disclosed to Fidelity and the Bank, shall become
Fidelity and/or the Bank's property, and shall be kept confidential by Miller.
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 the Bank upon request and in any case shall be returned to
Fidelity and the Bank upon Miller's Termination of Employment.

          (h) Miller agrees that Miller will promptly disclose to Fidelity and
the 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 Miller performs for Fidelity or the Bank.

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

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     8. CONSIDERATION FOR NON-COMPETE, NON-SOLICITATION AND NON-DISCLOSURE
PROVISIONS. In consideration of Miller'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 Miller a "Non-Compete Benefit" as described below.
If Miller is not a Specified Employee, the Non-Compete Benefit will be payable
in 36 equal semi-monthly installments, each installment in an amount equal to
sixty percent (60%) of his 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 the 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. If Miller
is a Specified Employee, the Non-Compete Benefit shall not become payable until
the first 15th or last day of the month which is at least six months after
Miller's Termination of Employment. All installments which would have otherwise
been required to be made over such six-month period if Miller had not been a
Specified Employee, shall be paid to Miller in one lump sum payment as soon as
administratively feasible after the first 15th or last day of the month which is
at least six months after Miller's Termination of Employment. After the lump sum
payment, the remaining semi-monthly installments (each equal to sixty percent
(60%) of his Base Salary in effect immediately prior to Termination of
Employment divided by 24) will continue on the 15th and last day of each
calendar month until all such installments are paid. If Miller violates any of
the undertakings set forth in Sections 4, 5, 6 and 7 of this Agreement, Miller
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 Miller's knowledge and experience,
Miller 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, Miller 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 Sections 3(b)(i) & 3(b)(ii)) and consideration for the
non-compete, non-solicitation and non-disclosure provisions (as set forth in
Section 8) shall not exceed three times Miller's Base Salary.

     11. NO SETOFF. Nothing in this Agreement will limit or otherwise affect
such rights as Miller may have under any other contract or agreement with
Fidelity, the Bank or Affiliates, except as specifically set forth in such
contract or agreement. Amounts which constitute vested benefits or which Miller
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 Miller's Termination of Employment
will be payable in accordance with such programs.

     12. INDEMNIFICATION OF MILLER. Fidelity shall indemnify Miller and shall
advance reimbursable expenses incurred by Miller in any proceeding against
Miller, including a

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proceeding brought in the right of Fidelity, as a director or officer of
Fidelity or any subsidiary thereof, except claims and proceedings brought
directly by Fidelity against Miller, 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. Such indemnities and advances
shall be paid to Miller on the next normal payroll payment date after Miller's
rights to such amounts are no longer in dispute; provided, however, that if
Miller is a Specified Employee such payments shall not be made before the date
that is six months after the date of Miller's Termination of Employment.

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

          If to Miller:
               James B. Miller, 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 Miller and his estate, personal representatives
and heirs, and by Fidelity and the Bank and its successors and assigns. This
Agreement and the payments hereunder may not be assigned, pledged or otherwise
hypothecated by Miller.

     15. ENTIRE AGREEMENT. This Agreement, including the Split Dollar Plan, the
insurance policies with Great-West, Life Investors and Mass Mutual and the
Miller Management Continuity Agreement are intended by the parties hereto to
constitute the entire understanding of the parties with respect to the
employment of Miller as an employee and officer of Fidelity and election as
Chairman 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

                                       11

<PAGE>

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. To the extent that Miller is entitled to
reimbursement of any such costs and expenses, such reimbursements shall be paid
to Miller on the next normal payroll payment date after Miller's rights to such
reimbursements are no longer in dispute; provided, however, that if Miller is a
Specified Employee such payments shall not be made before the date that is six
months after the date of Miller's Termination of Employment.

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

     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 the Bank may notify anyone employing
Miller or evidencing an intention to employ Miller as to the existence and
provisions of this Agreement and may provide any such person or organization a
copy of this Agreement. Miller agrees that for a period of 18 months after
Miller's Termination of Employment for any reason, Miller will provide Fidelity
and the Bank the identity of any employer Miller goes to work for along with
Miller'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.

     21. COMPLIANCE WITH SECTION 409A. This Agreement is intended to satisfy the
requirements of Code Section 409A and shall be construed and interpreted in
accordance therewith.

     23. DEFINITIONS. FOR PURPOSES OF THIS AGREEMENT:

          (a) "Affiliate" means any entity with whom Fidelity or the Bank would
be considered a single employer under Code Sections 414(b) or 414(c).

          (b) "Specified Employee" means an employee who is (i) an officer of
Fidelity having annual compensation greater than $135,000 (with certain
adjustments for inflation after 2005), (ii) a five-percent owner of Fidelity or
(iii) a one-percent owner of Fidelity having annual compensation greater than
$150,000. For purposes of this Section, no more than 50 employees (or, if
lesser, the greater of three or 10 percent of the employees) shall be treated as
officers. Employees who (i) normally work less than 17 1/2 hours per week, (ii)
normally work not more than 6 months during any year, (iii) have not attained
age

                                       12

<PAGE>

21 or (iv) are included in a unit of employees covered by an agreement which the
Secretary of Labor finds to be a collective bargaining agreement between
employee representatives and Fidelity (except as otherwise provided in
regulations issued under the Code) shall be excluded for purposes of determining
the number of officers. For purposes of this Section, the term "five-percent
owner" ("one-percent owner") means any person who owns more than five percent
(one percent) of the outstanding stock of Fidelity or stock possessing more than
five percent (one percent) of the total combined voting power of all stock of
Fidelity. For purposes of determining ownership, the attribution rules of
Section 318 of the Code shall be applied by substituting "five percent" for "50
percent" in Section 318(a)(2) and the rules of Sections 414(b), 414(c) and
414(m) of the Code shall not apply. For purposes of this Section, the term
"compensation" has the meaning given such term by Section 414(q)(4) of the Code.
The determination of whether Miller is a Specified Employee will be based on a
December 31 identification date such that if Miller satisfies the above
definition of Specified Employee at any time during the 12-month period ending
on December 31, he will be treated as a Specified Employee if he has a
Termination of Employment during the 12-month period beginning on the first day
of the fourth month following the identification date. This definition is
intended to comply with the specified employee rules of Section 409A(a)(2)(B)(i)
of the Code and shall be interpreted accordingly.

          (c) "Termination of Employment" means the termination of Miller's
employment with Fidelity, the Bank and all Affiliates; provided, however, that
Miller will not be considered as having had a Termination of Employment if (i)
Miller continues to provide services to Fidelity, the Bank or any Affiliate as
an employee at an annual rate that is at least equal to 20 percent of the
services rendered, on average, during the immediately preceding three full
calendar years of employment (or, if employed less than three years, such lesser
period) and the annual remuneration for such services is at least equal to 20
percent of the average annual remuneration earned during the final three full
calendar years of employment (or if less, such lesser period), (ii) Miller
continues to provide services to Fidelity, the Bank or any Affiliate in a
capacity other than as an employee and such services are provided at an annual
rate that is 50 percent or more of the services rendered, on average, during the
immediately preceding three full calendar years of employment (or, if employed
less than three years, such lesser period) and the annual remuneration for such
services is 50 percent or more of the annual remuneration earned during the
final three full calendar years of employment (or, if less, such lesser period)
or (iii) Miller is on military leave, sick leave or other bona fide leave of
absence (such as temporary employment by the government) so long as the period
of such leave does not exceed six months, or if longer, so long as the
individual's right to reemployment with Fidelity, the Bank or any Affiliate is
provided either by statute or by contract. If the period of leave exceeds six
months and Miller's right to reemployment is not provided either by statute or
by contract, the Termination of Employment will be deemed to occur on the first
date immediately following such six-month period. For purposes of this Section,
annual rate of providing services shall be determined based upon the measurement
used to determine Miller's base compensation.

                                       13

<PAGE>

     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

                                        MILLER

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

                                       14

<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 Miller) 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. Miller 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 100% of the Target Income, the Incentive
Compensation shall be the product of (i) $100,000 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 $80,000. No Incentive
Compensation will be paid if the percentage of Target Income achieved is 100% 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 Miller to receive the Incentive Compensation hereunder related
to a calendar year shall vest on the last day of such calendar year. In the
event Miller 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 Miller was employed under the Agreement.

<PAGE>

     Payment is to be made in cash promptly after the amount is determined but
in no event later than March 15 of the calendar year following the calendar year
for which the Incentive Compensation is earned. The Committee, in its sole
discretion, during a calendar year may make a non-refundable prepayment of a
portion of the Incentive Compensation to Miller if it believes that the partial
payment will not exceed the amount of the Incentive Compensation for that
calendar year.

                                        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

                                        MILLER

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

                                        2<PAGE>
                                                                    Exhibit 10.3

                          FIDELITY SOUTHERN CORPORATION

                         EXECUTIVE CONTINUITY AGREEMENT

     This Executive Continuity Agreement (this "Agreement') is made as of
January 19, 2006, between Fidelity Southern Corporation ("Fidelity Southern")
and the 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 the
Bank by providing reasonable employment security to the Executive and to
recognize the prior service of the Executive in the event of a 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 before, on or after
the date hereof.

Section 1. Definitions. For purposes of this Agreement:

     (a)  "Affiliate" means any entity with whom Fidelity Southern or the Bank
          would be considered a single employer under Code Sections 414(b) or
          414(c).

     (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

<PAGE>

               demand specifically identifies the material duties of which
               Fidelity believes that the Executive has not substantially
               performed or

          (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 the 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

                                       2

<PAGE>

               the date of the last of such transactions which results in the
               Change of Control.

     (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 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(g) 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 other 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 or other equity award.

     (l)  "Disability" means a complete inability of the Executive substantially
          to perform the employment duties for Fidelity Southern or the 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; (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
          annual base salary rate 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 the 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;

                                       3

<PAGE>

          (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)  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 the Executive;

          (5)  the requiring of the Executive to relocate his principal business
               office 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 Welfare Plan,
               Individual Life Insurance Policy or other compensation plan,
               program or 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 corrected by Fidelity upon thirty (30) days prior
               written notice from the Executive.

     (p)  "Individual Life Insurance Policies" means the Split Dollar Insurance
          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 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, or his estate or trust in lieu thereof.

                                       4

<PAGE>

     (q)  "Non-Compete Benefit" means the benefit provided in Section 14.

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

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

     (t)  "Severance Period" means the period beginning on the date of the
          Executive's Termination of Employment by Fidelity Southern, the Bank
          or any Affiliate, other than for Cause, Disability or death, or by the
          Executive for Good Reason and ending on the date eighteen (18) months
          thereafter.

     (u)  "Specified Employee" means an employee who is (i) an officer of
          Fidelity Southern having annual compensation greater than $135,000
          (with certain adjustments for inflation after 2005), (ii) a
          five-percent owner of Fidelity Southern or (iii) a one-percent owner
          of Fidelity Southern having annual compensation greater than $150,000.
          For purposes of this Section, no more than 50 employees (or, if
          lesser, the greater of three or 10 percent of the employees) shall be
          treated as officers. Employees who (i) normally work less than 17 1/2
          hours per week, (ii) normally work not more than 6 months during any
          year, (iii) have not attained age 21 or (iv) are included in a unit of
          employees covered by an agreement which the Secretary of Labor finds
          to be a collective bargaining agreement between employee
          representatives and Fidelity Southern (except as otherwise provided in
          regulations issued under the Code) shall be excluded for purposes of
          determining the number of officers. For purposes of this Section, the
          term "five-percent owner" ("one-percent owner") means any person who
          owns more than five percent (one percent) of the outstanding stock of
          Fidelity Southern or stock possessing more than five percent (one
          percent) of the total combined voting power of all stock of Fidelity
          Southern. For purposes of determining ownership, the attribution rules
          of Section 318 of the Code shall be applied by substituting "five
          percent" for "50 percent" in Section 318(a)(2) and the rules of
          Sections 414(b), 414(c) and 414(m) of the Code shall not apply. For
          purposes of this Section, the term "compensation" has the meaning
          given such term by Section 414(q)(4) of the Code. The determination of
          whether the Executive is a Specified Employee will be based on a
          December 31 identification date such that if the Executive satisfies
          the above definition of Specified Employee at any time during the
          12-month period ending on December 31, he will be treated as a
          Specified Employee if he has a Termination of Employment during the
          12-month period beginning on the first day of the fourth month
          following the identification date. This definition is intended to
          comply with the specified employee rules of Section 409A(a)(2)(B)(i)
          of the Code and shall be interpreted accordingly.

                                       5

<PAGE>

     (v)  "Termination of Employment" means the termination of the Executive's
          employment with Fidelity Southern, the Bank and all Affiliates;
          provided, however, that the Executive will not be considered as having
          had a Termination of Employment if (i) the Executive continues to
          provide services to Fidelity Southern, the Bank or any Affiliate as an
          employee at an annual rate that is at least equal to 20 percent of the
          services rendered, on average, during the immediately preceding three
          full calendar years of employment (or, if employed less than three
          years, such lesser period) and the annual remuneration for such
          services is at least equal to 20 percent of the average annual
          remuneration earned during the final three full calendar years of
          employment (or if less, such lesser period), (ii) the Executive
          continues to provide services to Fidelity Southern, the Bank or any
          Affiliate in a capacity other than as an employee and such services
          are provided at an annual rate that is 50 percent or more of the
          services rendered, on average, during the immediately preceding three
          full calendar years of employment (or, if employed less than three
          years, such lesser period) and the annual remuneration for such
          services is 50 percent or more of the annual remuneration earned
          during the final three full calendar years of employment (or, if less,
          such lesser period) or (iii) the Executive is on military leave, sick
          leave or other bona fide leave of absence (such as temporary
          employment by the government) so long as the period of such leave does
          not exceed six months, or if longer, so long as the individual's right
          to reemployment with Fidelity Southern, the Bank or any Affiliate is
          provided either by statute or by contract. If the period of leave
          exceeds six months and the Executive's right to reemployment is not
          provided either by statute or by contract, the Termination of
          Employment will be deemed to occur on the first date immediately
          following such six-month period. For purposes of this Section, annual
          rate of providing services shall be determined based upon the
          measurement used to determine the Executive's base compensation.

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

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

     (y)  "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.

                                       6

<PAGE>

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 the Executive's Termination of
          Employment for any reason by the 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 highest 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 highest 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 will not be
          reduced thereafter nor shall any such increase during the Employment
          Period be reduced thereafter.

     (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, be 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
          the 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

                                       7

<PAGE>

          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 the 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 the Executive.

     (d)  During the Employment Period the Executive and the eligible members of
          the Executive's family ("Dependents") who participated (or otherwise
          were 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
          and their Dependents similarly situated, but in no event will the
          Welfare Plans provide benefits for the Executive and Dependents 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.

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 Executive has a Termination of
          Employment 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 has a Termination
          of Employment by the Executive for Good Reason during the Change of
          Control Period. Any Termination of Employment 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 the Termination of
          Employment under the provision so indicated and (iii), if

                                       8

<PAGE>

          applicable, indicates the date of the Termination of Employment, which
          shall not be less 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 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. If
          the Executive is not a Specified Employee, the Salary Continuance
          Benefit will be payable in 72 equal semi-monthly installments
          commencing on the 15th or last day of the month immediately following
          the date of the 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. If the
          Executive is a Specified Employee, the Salary Continuance Benefit
          shall not be payable until the first 15th or last day of the month
          which is at least six months after the Executive's Termination of
          Employment. All installments, which would have otherwise been required
          to be made over such six-month period if the Executive had not been a
          Specified Employee, shall be paid to the Executive in one lump sum
          payment as soon as administratively feasible after the first 15th or
          last day of the month which is at least six months after the
          Executive's Termination of Employment. After the lump sum payment, the
          remaining semi-monthly installments (each equal to 1/72 of the Salary
          Continuance Benefit) will continue on the 15th and last day of each
          calendar month until all such installments are paid.

     (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 requirements of such Welfare Plans on the date of the
          Termination of Employment (the "Welfare Continuance Benefit"). Any
          changes to any Welfare Plan during the Severance Period will be
          applicable to the Executive and his 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 his

                                       9

<PAGE>

          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 the 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 his Dependents with respect to the specific type of benefit
          provided under the applicable Welfare Plan. Notwithstanding any other
          provision of this Section 4(c), if the Executive is a Specified
          Employee and if Fidelity determines that any portion of the Welfare
          Benefit is subject to Section 409A of the Code, then to the extent
          necessary to avoid taxation under Section 409A, the Executive will be
          required to pay for the Welfare Benefit during the six-month period
          following his Termination of Employment; provided; however, that at
          the end of such six-month period, Fidelity will reimburse the
          Executive for such payments.

     (d)  Fidelity Southern shall maintain the Individual Life Insurance
          Policies at all times, including after the Executive's Termination of
          Employment for any reason. Notwithstanding the previous sentence, if
          the Executive is a Specified Employee and if Fidelity determines that
          the maintenance of the Individual Life Insurance Policies is subject
          to Section 409A of the Code, then to the extent necessary to avoid
          taxation under Section 409A, the Executive will be required to pay for
          the maintenance of the Individual Life Insurance Policies during the
          six-month period following his Termination of Employment; provided;
          however, that at the end of such six-month period, Fidelity will
          reimburse the Executive for such payments.

     (e)  If the Executive violates any of the undertakings set forth in
          Sections 10, 11, 12 and 13 of this Agreement after the Termination of
          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 the Executive, at Fidelity
               Southern's expense, a determination of whether any compensation

                                       10

<PAGE>

               payable to the 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 the 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 Code; (B) whether the 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 the Executive were reduced (assuming
               latest payments are reduced first) so that no amount payable to
               the 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 the Executive hereunder were not so
               reduced and (C), if the Accounting Firm determines in (B) above
               that the Executive would realize a higher amount if the
               compensation payable to the 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 the Executive a written report of its
               calculations and determinations hereunder as soon as practicable.
               No later than fifteen (15) days following receipt by the
               Executive of the report from the Accounting Firm, the 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 the Executive in the
               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 the 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 the 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 the Executive pursuant to this
               Agreement were reduced (assuming

                                       11

<PAGE>

               latest payments are reduced first) so that no amount payable to
               the Executive hereunder constitutes a Parachute Payment, then the
               amounts payable to the 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(f)
               ("Overpayments"), or that additional amounts should be paid or
               distributed to the Executive under this Section 4(f)
               ("Underpayments"). If based on either the 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 the 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(f).

          (iv) The federal, state and local income or other tax returns filed by
               the Executive shall be prepared and filed on a consistent basis
               with the determination with respect to the excise tax payable by
               the 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

                                       12

<PAGE>

               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
Termination of Employment or until the 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.

                                       13

<PAGE>

     (c)  The total amount payable hereunder for Salary Continuance 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 the 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 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 an 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

                                       14

<PAGE>

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 the
Bank and for a period of eighteen (18) months after the Executive's Termination
of Employment with Fidelity Southern or the 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 the Bank's business, the nature of the
Executive's job responsibilities, and the nature of the Confidential Information
and Trade Secrets of Fidelity Southern and the Bank which Fidelity Southern and
the 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
the 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 the Bank
and for a period of eighteen (18) months after the Executive's Termination of
Employment with Fidelity Southern or the Bank for any reason, the 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 the 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 the Bank with whom the Executive had material contact during the last twelve
months of the Executive's employment with Fidelity Southern or the Bank.
"Material contact" means interaction between the 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.

The Executive agrees that during his employment with Fidelity Southern or the
Bank and for a period of eighteen (18) months after the Executive's Termination
of Employment with Fidelity Southern or the Bank for any reason, the Executive
will not recruit, hire or attempt to recruit or hire, directly or by assisting
others, any other employee of Fidelity Southern or the Bank with whom the
Executive had material contact during the Executive's employment with Fidelity
Southern or the 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 the Executive's employment with Fidelity Southern
          or the Bank, and at all times thereafter, the Executive shall not use
          or disclose to others, without the prior written consent of Fidelity
          Southern

                                       15

<PAGE>

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

     (b)  During the term of the Executive's employment with Fidelity Southern
          or the Bank, and for eighteen (18) months after the Executive's
          Termination of Employment with Fidelity Southern or the Bank for any
          reason, the Executive shall not use or disclose to others, without the
          prior written consent of Fidelity Southern and the Bank, any
          Confidential Information (as hereinafter defined) of Fidelity Southern
          or the Bank, or any Affiliate or any of their customers, except for
          use or disclosure thereof in the course of the business of Fidelity
          Southern or the Bank (or that of any Affiliate), and such disclosure
          shall be limited to those who have a need to know.

     (c)  Upon a Termination of Employment with Fidelity Southern or the Bank
          for any reason, the Executive shall not take with him any documents or
          data of Fidelity Southern or the Bank or any Affiliate 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)  The 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, the
          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 the 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 the Executive; (B) is lawfully received by the Executive from a
          third party after a 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 the
          Executive and entirely unrelated to the business of providing banking
          or banking related services.

     (g)  The Executive agrees that any and all information and data originated
          by the Executive while employed by Fidelity Southern or the Bank and,
          where applicable, by other employees or associates under the
          Executive's direction or supervision in connection with or as a result
          of any work or

                                       16

<PAGE>

          service performed under the terms of the Executive's employment, shall
          be promptly disclosed to Fidelity Southern and the Bank, shall become
          Fidelity Southern and/or the Bank's property, and shall be kept
          confidential by the 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 the Bank upon request and in any case shall be returned
          to Fidelity Southern and the Bank upon the Executive's Termination of
          Employment with Fidelity Southern or the Bank.

     (h)  The Executive agrees that the Executive will promptly disclose to
          Fidelity Southern and the 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 the Executive performs for
          Fidelity Southern or the Bank.

     (i)  The 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 the Bank. The Executive further
          agrees that the Executive will, without expense to Fidelity Southern
          or the Bank, execute all documents and do all acts which may be
          necessary, desirable or convenient to enable Fidelity Southern and the
          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 a Termination of Employment,
Fidelity Southern or the Bank will pay the Executive the Non-Compete Benefit. If
the Executive is not a Specified Employee, the Non-Compete Benefit will be
payable in 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 the 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.
If the Executive is a Specified Employee, the Non-Compete Benefit shall not
become payable until the first 15th or last day of the month which is at least
six months after the Executive's Termination of Employment. All installments,
which would have otherwise been required to be made over such six-month period
if the Executive had not been a Specified Employee, shall be paid to the
Executive in one lump sum payment as soon as administratively feasible after the
first 15th or last day of the month which is at least six months after the
Executive's Termination of Employment. After the lump sum payment, the remaining
semi-monthly installments (each equal to sixty percent (60%) of the Executive's
Annual Base Salary in effect immediately prior to the Termination of

                                       17

<PAGE>

Employment divided by 24) will continue on the 15th and last day of each
calendar month 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 the Executive's knowledge and experience, the 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, the Executive will not
object thereto and claim that monetary damages are an adequate remedy.

Section 16. Indemnification of the Executive.

Fidelity Southern, the Bank or Affiliates shall indemnify the Executive and
shall advance reasonable reimbursable expenses incurred by the Executive in any
proceeding against the Executive, including a proceeding brought 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 directly by Fidelity Southern, the Bank or any Affiliate
against the Executive, to the fullest extent permitted under the Georgia
Business Corporation Code, and the Articles of Incorporation and By-Laws of
Fidelity Southern, the Bank or any applicable Affiliate, as such Code, Articles
or By-Laws may be amended from time to time hereafter. Such indemnities and
advances shall be paid to the Executive on the next normal payroll payment date
after the Executive's rights to such amounts are no longer in dispute; provided,
however, that if the Executive is a Specified Employee such payments shall not
be made before the date that is six months after the date of the Executive's
Termination of Employment.

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.

                                       18

<PAGE>

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

     (b)  Fidelity Southern and the 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 the 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 the 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);
          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. Such payments and
          reimbursements shall be paid to the Executive or on the Executive's
          behalf on or by the next normal payroll payment date after the
          Executive's rights to such amounts are no longer in dispute; provided,
          however, that if the Executive is a Specified Employee such payments
          shall not be made before the date that is six months after the date of
          the Executive's Termination of Employment.

     (b)  If there is any dispute between Fidelity Southern, the Bank or any
          Affiliate and the Executive, in the event of any Termination of
          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

                                       19

<PAGE>

          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 the
Executive or evidencing an intention to employ the Executive as to the existence
and provisions of this Agreement and may provide any such person or organization
a copy of this Agreement. The Executive agrees that for a period of 18 months
after the Executive's Termination of Employment with Fidelity Southern or the
Bank for any reason, the Executive will provide Fidelity Southern and the Bank
the identity of any employer the Executive goes to work for along with the
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 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 the Bank:
             Fidelity Southern Corporation
             3490 Piedmont Road
             Suite 1550
             Atlanta, Georgia 30305

                                  20

<PAGE>

             Attn: Chief Executive Officer

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

     (c)  Confidentiality. The Executive agrees that the 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.

Section 25. Compliance with Section 409A.

This Agreement is intended to satisfy the requirements of Code Section 409A and
shall be construed and interpreted in accordance therewith.

                                       21

<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 BANK

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

                                        EXECUTIVE

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

                                       22

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