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                                                                    EXHIBIT 10.4

                          FIDELITY SOUTHERN CORPORATION

                         EXECUTIVE CONTINUITY AGREEMENT

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

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

      Section 1. Definitions. For purposes of this Agreement:

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

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

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

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

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

            (f)   "Cause" means:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

            (p)   "Individual Life Insurance Policy" means the Flexible Premium
                  Adjustable Life Insurance, Universal Life policy issued by
                  Great-West Life & Annuity Insurance Company ("Great-West") in
                  the face amount of $500,000 payable to beneficiaries
                  designated by the Executive or his estate or trust in lieu
                  thereof.

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

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

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

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

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

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

      Section 2. Employment After Change of Control.

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

      Section 3. Compensation During Employment Period.

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

            (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

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                  provide the Executive with incentive opportunities, savings
                  opportunities and retirement and other benefit opportunities,
                  in each case, less favorable, in the aggregate, than those
                  provided by Fidelity Southern, the Bank or any Affiliates for
                  the Executive under such plans, practices, policies and
                  program as in effect at any time on and after the Commencement
                  Date and prior to the Change of Control.

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

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

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

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

      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

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

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

            (c)   During the Severance Period, the Executive and the Executive's
                  Dependents will continue to be covered by all Welfare Plans in
                  which the Executive or Dependents were participating
                  immediately prior to the date of the Executive's termination
                  of employment, subject to the eligibility requirements of such
                  Welfare Plans on the date of termination of employment (the
                  "Welfare Continuance Benefit"). Any changes to any Welfare
                  Plan during the Severance Period will be applicable to the
                  Executive and Dependents as if he continued to be an employee
                  of Fidelity Southern, the Bank or any Affiliate. Fidelity
                  Southern or the Bank will

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

            (d)   Fidelity Southern shall maintain the Individual Life Insurance
                  Policies after termination of the Executive's employment only
                  if such termination is due to "retirement" (as such term is
                  determined by the Board).

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

            (f)   (i)   Fidelity Southern shall engage the independent
                        accounting firm regularly utilized by Fidelity Southern
                        ("Accounting Firm") to provide to Fidelity Southern and
                        Executive, at Fidelity Southern's expense, a
                        determination of whether any compensation payable to
                        Executive pursuant to this Agreement (alone or when
                        added to all other compensation paid or payable to the
                        Executive by Fidelity, the Bank or any Affiliate) during
                        the Severance Period constitutes a "parachute payment"
                        ("Parachute Payment") as defined in Section 280G of the
                        Internal Revenue Code of 1986, as amended (the "Code").
                        If the Accounting Firm determines that any such
                        compensation payable to Executive constitutes a
                        Parachute Payment, the Accounting Firm shall also
                        determine: (A) the amount of the excise tax to be
                        imposed under Section 4999 of the Code; (B) whether
                        Executive would realize a greater amount after Federal
                        and Georgia income taxes (assuming the highest marginal
                        rates then in effect apply) if such compensation payable
                        to Executive were reduced (assuming latest payments are
                        reduced

_________
Executive

_________________
Fidelity Southern

_________
Bank

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

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

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

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

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

      Section 5. Outplacement Services.

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

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      Section 6. Death.

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

      Section 7. Setoff.

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

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

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

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                  shall be reduced by any other compensation, severance pay,
                  continued welfare benefits, non-compete payments or other
                  similar amounts that the Executive receives under any
                  employment or employment-related agreement with Fidelity
                  Southern, the Bank or any Affiliate and under any other
                  similar agreements, policies, plans, programs or arrangements
                  covering the Executive with respect to Fidelity Southern, the
                  Bank or any Affiliate; it being the intent of both the
                  Executive and Fidelity Southern, the Bank or any Affiliate not
                  to provide to the Executive any duplicative payments,
                  severance pay or welfare benefits hereunder.

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

      Section 8. No Interest in Benefit.

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

      Section 9. Benefits Unfunded.

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

      Section 10. Covenant Not to Compete.

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

                                       12
<PAGE>

      inevitable disclosure of Fidelity Southern's and Bank's Trade Secrets and
      Confidential Information to its direct competitors.

      Section 11. Non-Solicitations of Customers.

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

      Section 12. Non-Solicitations of Employees.

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

      Section 13. Confidentiality, Proprietary Information and Inventions.

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

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

                                       13
<PAGE>

                  business of Fidelity Southern or Bank (or that of any
                  subsidiary), and such disclosure shall be limited to those who
                  have a need to know.

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

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

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

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

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

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

                                       14
<PAGE>

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

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

      In consideration of the Executive's undertakings set forth in Sections 10,
      11, 12 and 13 above, with respect to periods after termination of
      employment, Fidelity Southern or Bank will pay the Executive thirty six
      (36) equal semi-monthly installments, each installment in an amount equal
      to forty percent (40%) of his Annual Base Salary in effect immediately
      prior to termination of employment divided by 24, commencing on the 15th
      or last day of the month immediately following the date of termination of
      employment, whichever date occurs first, and on the 15th and last day of
      each calendar month until all such installments are paid. If the Executive
      violates any of the undertakings set forth in Sections 10, 11, 12 and 13
      of this Agreement, the Executive waives and forfeits any and all rights to
      any further payments under this Agreement, including but not limited to,
      any additional payments, compensation or Severance Benefits he may
      otherwise be entitled to receive under this Agreement.

      Section 15. Specific Performance.

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

      Section 16. Indemnification of Executive.

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

                                       15
<PAGE>

      Section 17. Applicable Law.

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

      Section 18. No Employment Contract.

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

      Section 19. Severability.

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

      Section 20. Successors.

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

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

      Section 21. Litigation Expenses.

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

_________
Executive

_________________
Fidelity Southern

_________
Bank

                                       16
<PAGE>

                  case may be, and the Executive in accordance with rules set
                  forth by the American Arbitration Association.

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

      Section 22. Future Employers.

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

      Section 23. Miscellaneous.

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

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

                                       17
<PAGE>

                  registered mail, with postage prepaid addressed to the
                  respective party as set forth below, which address may be
                  changed by written notice to the other parties:

                  If to Fidelity Southern or Bank:

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

                  If to Executive:

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

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

      Section 24. Entire Agreement.

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

                                       18
<PAGE>

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

                                    FIDELITY SOUTHERN CORPORATION

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

                                    FIDELITY SOUTHERN BANK

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

                                    EXECUTIVE

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

                                       19<PAGE>

                                                                    EXHIBIT 10.5

                          FIDELITY SOUTHERN CORPORATION

                         EXECUTIVE CONTINUITY AGREEMENT

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

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

      Section 1. Definitions. For purposes of this Agreement:

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

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

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

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

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

            (f)   "Cause" means:

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

<PAGE>

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

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

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

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

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

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

                                       2

<PAGE>

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

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

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

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

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

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

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

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

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

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

                                       3

<PAGE>

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

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

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

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

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

            (p)   "Individual Life Insurance Policy" means the Flexible Premium
                  Adjustable Life Insurance, Universal Life policy issued by
                  Great-West Life & Annuity Insurance Company ("Great-West") in
                  the face amount of $500,000 payable to beneficiaries
                  designated by the Executive or his estate or trust in lieu
                  thereof.

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

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

            (s)   "Severance Period" means the period beginning on the date the
                  Executive's employment is terminated by Fidelity Southern,
                  Fidelity Bank or any Affiliate, other than for Cause,
                  Disability or death, or by Executive for Good Reason and
                  ending on the date twelve (12) months thereafter.

                                       4

<PAGE>

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

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

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

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

            (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

                                       5

<PAGE>

                  provide the Executive with incentive opportunities, savings
                  opportunities and retirement and other benefit opportunities,
                  in each case, less favorable, in the aggregate, than those
                  provided by Fidelity Southern, the Bank or any Affiliates for
                  the Executive under such plans, practices, policies and
                  program as in effect at any time on and after the Commencement
                  Date and prior to the Change of Control.

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

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

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

            (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

                                       6

<PAGE>

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

            (b)   The Salary Continuance Benefit will be the excess of (i) the
                  Executive's Final Compensation over (ii) the aggregate amount
                  payable under Section 14. The Salary Continuance Benefit will
                  be payable in twenty four (24) equal semi-monthly installments
                  commencing on the 15th or last day of the month immediately
                  following the date of termination of employment, whichever
                  date occurs first, and then continuing on the 15th and last
                  day of each calendar month thereafter until all such
                  installments are paid. The Salary Continuance Benefit will be
                  made net of all required Federal and State withholding taxes
                  and similar required withholdings and authorized deductions.
                  The Salary Continuance Benefit shall be payable to the estate
                  of the Executive upon the death of the Executive after the
                  amounts become payable.

            (c)   During the Severance Period, the Executive and the Executive's
                  Dependents will continue to be covered by all Welfare Plans in
                  which the Executive or Dependents were participating
                  immediately prior to the date of the Executive's termination
                  of employment, subject to the eligibility requirements of such
                  Welfare Plans on the date of termination of employment (the
                  "Welfare Continuance Benefit"). Any changes to any Welfare
                  Plan during the Severance Period will be applicable to the
                  Executive and Dependents as if he continued to be an employee
                  of Fidelity Southern, the Bank or any Affiliate. Fidelity
                  Southern or the Bank will

                                       7

<PAGE>

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

            (d)   Fidelity Southern shall maintain the Individual Life Insurance
                  Policy only after termination of the Executive's employment
                  due to "retirement" (as such term is determined by the Board).

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

            (f)   (i)   Fidelity Southern shall engage the independent
                        accounting firm regularly utilized by Fidelity Southern
                        ("Accounting Firm") to provide to Fidelity Southern and
                        Executive, at Fidelity Southern's expense, a
                        determination of whether any compensation payable to
                        Executive pursuant to this Agreement (alone or when
                        added to all other compensation paid or payable to the
                        Executive by Fidelity, the Bank or any Affiliate) during
                        the Severance Period constitutes a "parachute payment"
                        ("Parachute Payment") as defined in Section 280G of the
                        Internal Revenue Code of 1986, as amended (the "Code").
                        If the Accounting Firm determines that any such
                        compensation payable to Executive constitutes a
                        Parachute Payment, the Accounting Firm shall also
                        determine: (A) the amount of the excise tax to be
                        imposed under Section 4999 of the Code; (B) whether
                        Executive would realize a greater amount after Federal
                        and Georgia income taxes (assuming the highest marginal
                        rates then in effect apply) if such compensation payable
                        to Executive were reduced (assuming latest payments are
                        reduced

____________
Executive

_________________
Fidelity Southern

____________
Bank

                                       8

<PAGE>

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

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

                                       9

<PAGE>

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

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

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

      Section 5. Outplacement Services.

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

                                       10

<PAGE>

      Section 6. Death.

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

      Section 7. Setoff.

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

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

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

                                       11

<PAGE>

                  other compensation, severance pay, continued welfare benefits,
                  non-compete payments or other similar amounts that the
                  Executive receives under any employment or employment-related
                  agreement with Fidelity Southern, the Bank or any Affiliate
                  and under any other similar agreements, policies, plans,
                  programs or arrangements covering the Executive with respect
                  to Fidelity Southern, the Bank or any Affiliate; it being the
                  intent of both the Executive and Fidelity Southern, the Bank
                  or any Affiliate not to provide to the Executive any
                  duplicative payments, severance pay or welfare benefits
                  hereunder.

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

      Section 8. No Interest in Benefit.

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

      Section 9. Benefits Unfunded.

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

      Section 10. Covenant Not to Compete.

      The Executive agrees that during his employment with Fidelity Southern or
      Bank and for a period of twelve (12) months after termination of the
      Executive's employment with Fidelity Southern or Bank for any reason, that
      the Executive shall not, on his own behalf or on another's behalf, work in
      any management or executive capacity in the business of providing banking
      or banking related services. This restriction shall apply only within a
      50-mile radius of 3490 Piedmont Road, Atlanta, Georgia 30305. The
      Executive agrees that because of the nature of Fidelity Southern's and
      Bank's business, the nature of the Executive's job responsibilities, and
      the nature of the Confidential Information and Trade Secrets of Fidelity
      Southern and Bank which Fidelity Southern and Bank will give the Executive
      access to, any breach of this provision by the Executive would result in
      the

                                       12

<PAGE>

      inevitable disclosure of Fidelity Southern's and Bank's Trade Secrets and
      Confidential Information to its direct competitors.

      Section 11. Non-Solicitations of Customers.

      Executive agrees that during his employment with Fidelity Southern or Bank
      and for a period of twelve (12) months after termination of his employment
      with Fidelity Southern or Bank for any reason, Executive will not will not
      directly or indirectly solicit, contact, call upon, communicate with or
      attempt to communicate with any client or customer of Fidelity Southern or
      Bank for the purpose of providing banking or banking related services.
      This restriction shall apply only to any client or customer of Fidelity
      Southern or Bank with whom Executive had material contact during the last
      twelve months of Executive's employment with Fidelity Southern or Bank.
      "Material contact" means interaction between Executive and the client or
      customer which takes place to further the business relationship. "Clients"
      and "customers" include, but are not limited to, depositors and commercial
      loan customers.

      Section 12. Non-Solicitations of Employees.

      Executive agrees that during his employment with Fidelity Southern or Bank
      and for a period of twelve (12) months after termination of his employment
      with Fidelity Southern or Bank for any reason, Executive will not recruit,
      hire or attempt to recruit or hire, directly or by assisting others, any
      other employee of Fidelity Southern or Bank with whom Executive had
      material contact during Executive's employment with Fidelity Southern or
      Bank. This restriction shall apply only to recruiting, hiring or
      attempting to recruit or hire any employee for the purpose of working in
      the business of providing banking or banking related services.

      Section 13. Confidentiality, Proprietary Information and Inventions.

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

            (b)   During the term of Executive's employment with Fidelity
                  Southern or Bank, and for twelve (12) months after termination
                  of his employment with Fidelity Southern or Bank for any
                  reason, Executive shall not use or disclose to others, without
                  the prior written consent of Fidelity Southern and Bank, any
                  Confidential Information (as hereinafter defined) of Fidelity
                  Southern or Bank, or any subsidiary thereof or any of their
                  customers, except for use or disclosure thereof in the course
                  of the

                                       13

<PAGE>

                  business of Fidelity Southern or Bank (or that of any
                  subsidiary), and such disclosure shall be limited to those who
                  have a need to know.

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

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

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

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

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

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

                                       14

<PAGE>

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

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

      In consideration of the Executive's undertakings set forth in Sections 10,
      11, 12 and 13 above, with respect to periods after termination of
      employment, Fidelity Southern or Bank will pay the Executive a total
      amount equal to forty percent (40%) of his Annual Base Salary in effect
      immediately prior to the termination of employment, payable in twenty four
      (24) equal semi-monthly installments commencing on the 15th or last day of
      the month immediately following the date of termination of employment,
      whichever date occurs first, and continuing on the 15th and last day of
      each calendar month thereafter until all such installments are paid. If
      the Executive violates any of the undertakings set forth in Sections 10,
      11, 12 and 13 of this Agreement, the Executive waives and forfeits any and
      all rights to any further payments under this Agreement, including but not
      limited to, any additional payments, compensation or Severance Benefits he
      may otherwise be entitled to receive under this Agreement.

      Section 15. Specific Performance.

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

      Section 16. Indemnification of Executive.

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

                                       15

<PAGE>

      Section 17. Applicable Law.

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

      Section 18. No Employment Contract.

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

      Section 19. Severability.

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

      Section 20. Successors.

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

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

      Section 21. Litigation Expenses.

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

____________
Executive

_________________
Fidelity Southern

____________
Bank

                                       16

<PAGE>

                  case may be, and the Executive in accordance with rules set
                  forth by the American Arbitration Association.

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

      Section 22. Future Employers.

      Fidelity Southern, the Bank or any Affiliate may notify anyone employing
      Executive or evidencing an intention to employ Executive as to the
      existence and provisions of this Agreement and may provide any such person
      or organization a copy of this Agreement. Executive agrees that for a
      period of twelve (12) months after termination of Executive's employment
      with Fidelity Southern or the Bank for any reason, Executive will provide
      Fidelity Southern and Bank the identity of any employer Executive goes to
      work for along with Executive's job title and anticipated job duties with
      such employer.

      Section 23. Miscellaneous.

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

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

                                       17

<PAGE>

                  registered mail, with postage prepaid addressed to the
                  respective party as set forth below, which address may be
                  changed by written notice to the other parties:

                  If to Fidelity Southern or Bank:

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

                  If to Executive:

                        David Buchanan
                        895 Whitehawk Trail
                        Lawrenceville, GA 30043

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

      Section 24. Entire Agreement.

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

                                       18

<PAGE>

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

                                      FIDELITY SOUTHERN CORPORATION

                                      By: /s/ James B. Miller, Jr.
                                         --------------------------------------
                                      Name: James B. Miller, Jr.
                                      Title: Chairman

                                      FIDELITY BANK

                                      By: /s/ H. Palmer Proctor, Jr.
                                         --------------------------------------
                                      Name: H. Palmer Proctor, Jr.
                                      Title: President

                                      EXECUTIVE

                                      /s/ David Buchanan
                                      ------------------------------------------
                                      David Buchanan

                                       19

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