The community bank, that have headquarters from inside the Leominster and you may thirteen full-services practices, expanded from the 9

The entire year 2021 is actually an enthusiastic historical 12 months to own Fidelity Bank since the yearly performance exceeded requirement including good growth in commercial fund and you may dumps loans Milliken. The bank remained worried about its LifeDesign Financial approach of permitting clients get in which they would like to feel giving brand new understanding, confidence, and you can care must build informed choices about their financial future. Fidelity Financial mutual its 2021 economic data and you can neighborhood gains within the Fidelity Bank Mutual Holding Company yearly conference towards April 19.

Fidelity Lender has given out everything $dos

While we admit the best year within our 133-year background, we’re pleased to the people who have top me to book them towards the financial achievement, said Ed Manzi, President and Ceo, Fidelity Financial. Our answers are a genuine testament into partnership of one’s associates whom provide provider carefully and produce innovative affairs in order to address this new evolving demands of our clients.

• Fidelity Bank’s LifeDesign approach is lead in order to dos,398 the latest client house into the 2021 and you may 392 organizations having an effective complete off dos,790 the fresh new put accounts.
• Experienced more than $398 billion when you look at the the financing design by giving companies $138 mil within the industrial fund, up from $93 mil for the 2020, and more than $229 million inside mortgages and domestic equity loans, leading to a more 10 percent increases.
• End of another bullet out of 291 Paycheck Protection Program (PPP) finance totaling $twenty-five.nine mil, which have a-two-season full full from 738 money resulting in $80.4 million in the PPP financing.
• Development of $43.9 mil in merchandising deposits out-of across the all of the company places, in addition to individual, team and you will municipal.
• Replace Authority, a number one consultant and you will facilitator to own Point 1031 exchanges and you can a great wholly possessed subsidiary of Fidelity Bank, experienced an archive seasons with a 30 % rise in customers and you can a great 42 per cent boost in the typical monthly stability. Inside the 2021, the latest Replace Power designated John Peculis to help you Chairman and President, and you can announced it went their practices into Fidelity Bank Shrewsbury Path financial heart for the Worcester in the .

Treating people who have worry and you will value has always been a guiding concept within Fidelity Bank

He could be Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and Jonathan Vitale, that will all of the serve a good ten-12 months name. Matthew Campobasso, bers, John Motion picture and you may Ronald J. (Joe) Salois was basically re-selected so you can serve a 10-year identity since the corporators out of Fidelity Mutual Carrying Company. Sheila Harrity, Scott Howard, and you may Draw Puccio resigned given that corporators. Winfield Brown and you can Mary Ritter were elected so you’re able to serve a single-season label as the directors regarding Fidelity Shared Carrying Business. Brian Cirelli, Patricia Leonhardt and you may Ronald Marchetti were lso are-chose due to the fact directors off Fidelity Common Holding Organization for a great around three-12 months name, and you will Maureen Marshall try re also-decided on because a manager away from Fidelity Shared Holding Organization to possess a great one-seasons title. Alvin Collins is opted to help you Clerk of Fidelity Shared Holding Providers getting a single-12 months label, and Judy Khallady are opted for to help you Assistant Clerk of Fidelity Shared Carrying Organization for example-season identity.

Increasing to the history year’s production of the fresh new Fidelity Financial Addition and you can Diversity Consultative Panel, the lending company set-up introduction and range purpose to have consumer purchase and associate employing and you may composed a vendor Administration Rules to be sure introduction and you will diversity among businesses that have just who the financial institution really does organization.

In the 2021, Fidelity Financial went on to help with the newest groups making use of their Community Bonus Program by the supporting more than 220 reasons totaling more than $400,000. Organizations receiving contributions during the 2021 incorporated Indian Mountain Audio of Littleton (in the near future as Groton Slope Musical Center when the business reveals its new house during the Groton) to help with outreach programs and gives scholarships and grants for college students during the social colleges around the Fidelity Bank’s services town as well as Entrepreneurship to have All the, Inc. , Black Field Theatre , Heywood Medical care , Dependent Foundation , WooSox Foundation , People Council , NewVue Teams, Inc. , The fresh Stand out Step plus the Worcester County Dinner Lender to call a number of, and additionally several causes advertised compliment of Fidelity Bank’s per week Compassionate Relaxed Fridays. 75 million since program is rebranded within the 2013.