The community financial, having headquarters from inside the Leominster and you will thirteen full-provider practices, grew from the 9

The year 2021 are an historical seasons having Fidelity Bank since the yearly abilities exceeded criterion together with good growth in industrial finance and you may dumps. The lending company remained concerned about the LifeDesign Financial approach away from providing subscribers get in which they would like to end up being by providing the fresh quality, count on, and proper care wanted to make advised decisions about their financial upcoming. Fidelity Financial mutual the 2021 financial analysis and you may neighborhood growth on new Fidelity Lender Shared Holding Business yearly meeting on the April 19.

Fidelity Lender has given away around $2

As we accept the best seasons within our 133-12 months records, our company is grateful to people who possess top me to book all of them to the financial achievements, said Ed Manzi, President and you may Chief executive officer, Fidelity Bank. Our results are a real testament with the relationship of your colleagues exactly who bring solution carefully and create innovative facts so you’re able to answer the fresh changing needs of our own subscribers.

• Fidelity Bank’s LifeDesign means try brought in order to dos,398 the brand new client domiciles in 2021 and you can 392 people to own good overall regarding 2,790 the put levels.
• Experienced more $398 million for the new financing manufacturing giving companies $138 million inside commercial financing, up from $93 million for the 2020, and more than $229 mil from inside the mortgages and you can domestic collateral loans, resulting in a more than ten percent growth.
• Completion from an extra round away from 291 Income Shelter Program (PPP) loans totaling $twenty five.nine billion, with a two-seasons overall total away from 738 financing causing $80.cuatro million for the PPP loans.
• Development of $43.9 billion from inside the retail deposits out of across the the organization areas, including individual, business and you can civil.
• Change Expert, the leading representative and you can facilitator to possess Point 1031 transfers and an effective completely owned subsidiary out of Fidelity Financial, experienced accurate documentation 12 months having a 30 % rise in clients and a great 42 % boost in the average monthly balances. Within the 2021, the fresh Exchange Expert appointed John Peculis to help you Chairman and you may Chief executive officer, and you may launched they moved the offices on Fidelity Financial Shrewsbury Road banking cardio inside the Worcester when you look at the .

Dealing with people with care and you can regard has long been a leading idea within Fidelity Bank

He or she is Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who’ll all of the serve a good 10-seasons term. Matthew Campobasso, bers, John Film and Ronald J. (Joe) Salois was re also-opted in order to serve an excellent ten-year identity because corporators off Fidelity Mutual Holding Company. Sheila Harrity, Scott Howard, and you can Draw Puccio retired while the corporators. Winfield Brownish and you will Mary Ritter was indeed select so you can suffice a one-seasons identity as the directors regarding Fidelity Shared Carrying Organization. Brian Cirelli, Patricia Leonhardt and you may Ronald Marchetti was lso are-decided to go with given that directors out of Fidelity Common Holding Team for a around three-season name, and you may Maureen Marshall is re-decided on as the a movie director out-of Fidelity Mutual Carrying Team to possess an effective one-season term. Alvin Collins is picked to Clerk off Fidelity Common Carrying Team for a single-12 months name, and you can Judy Khallady was decided to go with to help you Assistant payday loan Green Mountain Falls Clerk off Fidelity Common Carrying Organization for just one-seasons term.

Increasing to the history year’s creation of the newest Fidelity Financial Introduction and you will Variety Advisory Board, the lending company arranged introduction and assortment targets to possess consumer buy and you can colleague choosing and composed a supplier Management Policy to be certain addition and you can assortment one of organizations having which the bank really does organization.

Inside 2021, Fidelity Financial went on to support this new teams through its Area Bonus Program by help over 220 explanations totaling over $eight hundred,000. Groups finding benefits inside 2021 provided Indian Slope Sounds away from Littleton (in the future getting Groton Slope Songs Center in the event that business opens the brand new home in the Groton) to support outreach apps and gives scholarships and grants for students at social schools round the Fidelity Bank’s service urban area as well as Entrepreneurship getting Every, Inc. , Black Field Movies , Heywood Health care , Dependent Base , WooSox Base , People Council , NewVue Teams, Inc. , The brand new Excel Initiative therefore the Worcester State Restaurants Bank to-name a few, and numerous causes advertised owing to Fidelity Bank’s each week Caring Informal Fridays. 75 billion once the system is actually rebranded inside 2013.