The city bank, that have head office inside Leominster and you will 13 full-solution offices, became of the nine

The season 2021 are a keen historic 12 months for Fidelity Lender since yearly efficiency surpassed standard including solid growth in commercial financing and you will places. The bank stayed concerned about their LifeDesign Banking means out of permitting website subscribers rating in which they would like to feel by providing the fresh new quality, count on, and care and attention wanted to make advised behavior regarding their monetary coming. Fidelity Lender common their 2021 economic research and you may neighborhood development in the brand new Fidelity Lender Mutual Holding Providers annual fulfilling with the April 19.

Fidelity Financial has given aside just as much as $dos

Once we recognize the strongest 12 months within our 133-year records, our company is pleased to the people that top me to publication all of them into the economic achievements, said Ed Manzi, Chairman and Chief executive officer, Fidelity Bank. Our very own email address details are a genuine testament on union of our own acquaintances just who render services with care and create innovative things in order to answer the latest changing demands of our clients.

• Fidelity Bank’s LifeDesign method try produced so you’re able to 2,398 the brand new client domiciles from inside the 2021 and 392 companies getting a good full away from dos,790 the fresh deposit accounts.
• Experienced over $398 billion when you look at the the brand new loan creation by giving people $138 million inside commercial fund, upwards off $93 billion during the 2020, and more than $229 mil into the mortgages and you may home security money, ultimately causing a more than 10 % progress online payday loan Georgia.
• Conclusion off another bullet from 291 Paycheck Shelter Program (PPP) money totaling $25.nine mil, having a two-seasons overall full out of 738 financing causing $80.4 mil when you look at the PPP financing.
• Growth of $43.9 million into the shopping places out of all over all of the team segments, together with user, company and you can civil.
• Replace Power, a prominent representative and you will facilitator getting Area 1031 transfers and you may a beneficial completely possessed part away from Fidelity Lender, educated accurate documentation seasons with a 30 percent increase in clients and a good 42 % escalation in the common monthly balances. Inside 2021, the fresh Exchange Power appointed John Peculis so you can President and President, and revealed they gone its organizations towards Fidelity Bank Shrewsbury Road financial heart within the Worcester from inside the .

Treating those with care and you can value has long been a directing idea on Fidelity Lender

He is Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you will Jonathan Vitale, that will all of the suffice good ten-12 months label. Matthew Campobasso, bers, John Flick and Ronald J. (Joe) Salois had been re also-chose to help you serve good ten-season title just like the corporators regarding Fidelity Common Carrying Company. Sheila Harrity, Scott Howard, and Mark Puccio retired due to the fact corporators. Winfield Brownish and you can Mary Ritter had been select to help you serve a-one-12 months term because the directors off Fidelity Shared Holding Company. Brian Cirelli, Patricia Leonhardt and you will Ronald Marchetti was lso are-select while the administrators from Fidelity Shared Carrying Organization for good three-season name, and you will Maureen Marshall try lso are-opted for since a movie director out-of Fidelity Shared Holding Organization having good one-12 months title. Alvin Collins is selected so you’re able to Clerk from Fidelity Common Holding Team getting a one-year title, and Judy Khallady is actually picked to help you Secretary Clerk out-of Fidelity Shared Holding Company for 1-seasons title.

Increasing to the past year’s production of the fresh new Fidelity Bank Addition and you will Diversity Consultative Panel, the financial institution create addition and you may variety needs to possess client acquisition and you may associate choosing and you will written a seller Management Coverage to be certain introduction and you can diversity certainly one of companies with who the financial institution does business.

Into the 2021, Fidelity Lender proceeded to support the teams along with their People Bonus System from the help more than 220 causes totaling more than $eight hundred,000. Teams choosing benefits inside the 2021 included Indian Mountain Music of Littleton (in the near future are Groton Mountain Audio Cardio in the event that organization opens up their new home in Groton) to help with outreach programs and offer scholarships for college students during the social schools around the Fidelity Bank’s services urban area plus Entrepreneurship to possess Every, Inc. , Black Box Theatre , Heywood Health care , Dependent Foundation , WooSox Base , People Council , NewVue Groups, Inc. , The fresh new Stand out Step in addition to Worcester State Dining Financial to name a number of, along with numerous factors marketed owing to Fidelity Bank’s per week Caring Relaxed Fridays. 75 million since the program is renamed in the 2013.