 During the late-1980s office building boom in the West Market Street area of Center City, businesses left the Fidelity Building for newer office space.As a result, the building's owners filed for Chapter 11 bankruptcy protection in 1992.That same year, the Fidelity Building Corporation was purchased by First Fidelity Bankcorp, a company formed in the 1988 merger of the building's original owners and First Fidelity Corporation of Newark, New Jersey.