First Union Corporation took control of the building in 1995 when it bought Fidelity Bankcorp. Shortly after taking over, First Union spent millions of dollars renovating the facade and interiors and modernizing the mechanical systems. In 2000, First Fidelity Building Corporation, a company controlled by First Union, put the Fidelity Building up for sale. Later that year, Nicholas Schorsch, of the American Financial Resource Group, and a group of investors bought the building for about US$110 million. In 2006, a portion of the lower floors of the building was sold to Resnick Development Corporation, a subsidiary of Jack Resnick & Sons Incorporated. In April 2008, American Financial Realty Trust sold the remainder of the building to SSH Real Estate and Young Capital for US$57.7 million.