The city financial, that have head office in Leominster and you will 13 full-provider offices, expanded of the 9

The entire year 2021 was an historic seasons to have Fidelity Lender because the annual performance surpassed traditional in addition to strong development in commercial finance and deposits. The lending company remained worried about the LifeDesign Banking approach away from providing customers score where they would like to feel by providing the https://paydayloancolorado.net/louviers/ new clearness, rely on, and care must make informed conclusion about their economic upcoming. Fidelity Bank mutual their 2021 economic research and you will people increases from the the brand new Fidelity Bank Mutual Holding Team yearly conference to the April 19.

Fidelity Financial has given out as much as $2

Once we recognize the strongest season inside our 133-year record, the audience is thankful to those with leading us to book them to the financial triumph, told you Ed Manzi, President and you may President, Fidelity Bank. All of our results are a real testament towards the relationship your acquaintances exactly who give solution carefully and develop creative issues to help you respond to the new changing needs your subscribers.

• Fidelity Bank’s LifeDesign means try lead in order to dos,398 brand new visitors households inside the 2021 and you can 392 people to possess an excellent full from dos,790 the newest deposit accounts.
• Experienced over $398 million within the the newest loan creation by providing enterprises $138 million within the industrial financing, upwards from $93 mil from inside the 2020, and most $229 million when you look at the mortgage loans and home equity loans, ultimately causing a more than 10 % progress.
• Completion out of a moment round out-of 291 Salary Coverage Program (PPP) fund totaling $25.nine mil, that have a two-year total overall of 738 finance leading to $80.4 billion for the PPP loans.
• Development of $43.nine mil in retail dumps away from round the the organization segments, along with consumer, providers and you will municipal.
• Exchange Authority, a respected consultant and facilitator getting Part 1031 exchanges and you may good entirely had part off Fidelity Lender, experienced an archive seasons which have a 30 percent escalation in members and you will a beneficial 42 % upsurge in the common month-to-month stability. Into the 2021, new Exchange Authority appointed John Peculis in order to Chairman and Ceo, and you can revealed it went its workplaces on Fidelity Bank Shrewsbury Road financial cardio into the Worcester into the .

Dealing with those with worry and you can respect has been a leading principle on Fidelity Lender

They are Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who can every suffice a great 10-seasons title. Matthew Campobasso, bers, John Movie and you may Ronald J. (Joe) Salois was in fact lso are-decided on so you can serve a good ten-seasons title given that corporators regarding Fidelity Shared Carrying Company. Sheila Harrity, Scott Howard, and you may Mark Puccio resigned once the corporators. Winfield Brownish and you can Mary Ritter was selected to serve a single-season title given that administrators out-of Fidelity Shared Holding Team. Brian Cirelli, Patricia Leonhardt and you may Ronald Marchetti was in fact re-decided because the directors of Fidelity Mutual Carrying Organization for an excellent three-season title, and you may Maureen Marshall was re also-elected as a movie director away from Fidelity Common Holding Team to own a beneficial one-year term. Alvin Collins is elected so you’re able to Clerk out-of Fidelity Common Holding Business to possess a-one-season title, and you may Judy Khallady is selected in order to Secretary Clerk of Fidelity Shared Carrying Company for one-seasons identity.

Broadening on the history year’s production of the newest Fidelity Financial Introduction and you will Diversity Advisory Panel, the financial institution set-up inclusion and you may variety goals to possess client purchase and you may colleague hiring and written a supplier Management Policy to be certain introduction and you can diversity one of companies having which the lending company does company.

In 2021, Fidelity Financial went on to support the newest organizations making use of their Community Bonus Program because of the support more than 220 explanations totaling more than $400,000. Communities finding benefits within the 2021 incorporated Indian Hill Audio of Littleton (in the near future becoming Groton Slope Musical Heart in the event the providers opens the new house in Groton) to help with outreach programs and provide scholarships for students on public universities around the Fidelity Bank’s provider urban area together with Entrepreneurship to possess All, Inc. , Black Box Movies , Heywood Medical care , Dependent Base , WooSox Basis , Community Council , NewVue Teams, Inc. , This new Shine Step plus the Worcester County Eating Bank to call several, along with multiple factors advertised using Fidelity Bank’s per week Compassionate Casual Fridays. 75 mil since the program was renamed from inside the 2013.