The community lender, with head office inside the Leominster and you will 13 full-solution practices, expanded because of the 9

The season 2021 try a keen historic season getting Fidelity Lender while the yearly performance exceeded traditional as well as strong growth in commercial funds and you will places. The financial institution stayed focused on the LifeDesign Banking strategy of providing readers get in which they wish to feel by providing this new clarity, depend on, and you can care had a need to create advised behavior about their economic coming. Fidelity Bank mutual their 2021 monetary research and you can society progress at the the newest Fidelity Financial Shared Holding Company annual meeting into April 19.

Fidelity Bank has given away everything $2

Once we accept the best year within 133-12 months background, we have been pleased to the people with top us to publication them for the monetary achievement, said Ed Manzi, Chairman and you may Chief executive officer, Fidelity Bank. Our very own results are a genuine testament on commitment of one’s colleagues which offer service carefully and develop innovative activities so you’re able to respond to the latest evolving demands of our own website subscribers.

• Fidelity Bank’s LifeDesign strategy try produced in order to dos,398 the latest consumer home within the 2021 and you will 392 businesses to have good complete out-of 2,790 the latest deposit profile.
• Knowledgeable over $398 mil within the the new financing production by giving people $138 mil during the commercial finance, up from $93 billion in 2020, and more than $229 million from inside the mortgages and you can domestic security loans, causing a more 10 percent growth.
• Completion out-of a second round out of 291 Paycheck Coverage Program (PPP) financing totaling $25.9 billion, which have a-two-seasons full complete out-of 738 loans causing $80.cuatro million inside the PPP fund.
• Development of $43.9 mil within the merchandising dumps off all over all of the providers avenues, as well as consumer, organization and municipal.
• Exchange Expert, a number one agent and you can facilitator to have Point 1031 exchanges and you can good completely had part regarding Fidelity Financial, experienced an archive season that have a 30 % increase in readers and you will a good 42 % increase in the typical monthly stability. In 2021, the newest Exchange Power appointed John Peculis so you’re able to Chairman and Chief executive officer, and you can launched it went the organizations to your Fidelity Bank Shrewsbury Path banking heart in the Worcester during the .

Managing those with care and you may value happens to be a guiding idea at the Fidelity Financial

He could be Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who’ll all suffice an effective 10-year title. Matthew Campobasso, bers, John Movie and you may Ronald J. (Joe) Salois was indeed lso are-opted so you’re able to serve an effective 10-seasons title because corporators off Fidelity Mutual Holding Company. Sheila Harrity, Scott Howard, and Mark Puccio retired due to the fact corporators. Winfield Brown and Mary Ritter had been opted for in order to suffice a one-12 months identity as directors off Fidelity Shared Carrying Organization. Brian Cirelli, Patricia Leonhardt and you can Ronald Marchetti have been re-opted given that directors away from Fidelity Shared Carrying Providers to have a around three-seasons label, and you may Maureen Marshall try re-decided over at the website on because the a director away from Fidelity Mutual Carrying Organization to own an excellent one-year term. Alvin Collins is actually decided to go with to help you Clerk of Fidelity Shared Carrying Organization to own a single-season name, and you will Judy Khallady was elected in order to Assistant Clerk regarding Fidelity Shared Holding Business for one-seasons name.

Increasing towards the past year’s creation of the newest Fidelity Bank Inclusion and you will Diversity Advisory Panel, the bank set-up introduction and you can range purpose getting visitors purchase and associate choosing and you can composed a merchant Management Rules to be sure introduction and diversity certainly one of companies that have just who the lending company really does business.

Inside 2021, Fidelity Bank went on to support the new organizations with their People Bonus Program from the help over 220 reasons totaling more $eight hundred,000. Communities getting contributions inside 2021 provided Indian Mountain Sounds regarding Littleton (soon become Groton Slope Tunes Center if organization opens its new house in Groton) to support outreach programs and gives scholarships for college students from the societal universities all over Fidelity Bank’s service urban area plus Entrepreneurship getting The, Inc. , Black Box Cinema , Heywood Healthcare , Reliant Basis , WooSox Basis , Area Council , NewVue Teams, Inc. , The latest Stick out Step therefore the Worcester County Dining Bank to call a few, plus several explanations marketed as a result of Fidelity Bank’s per week Caring Relaxed Fridays. 75 billion once the program are rebranded when you look at the 2013.