The city lender, that have headquarters inside the Leominster and you can thirteen complete-service practices, grew of the 9

The season 2021 is an enthusiastic historic 12 months to have Fidelity Bank because yearly efficiency exceeded expectations together with solid development in industrial loans and you will dumps. The financial institution remained concerned about their LifeDesign Banking approach from helping customers get in which they wish to getting giving the fresh new clarity, depend on, and care wanted to make told behavior regarding their economic future. Fidelity Lender shared the 2021 financial data and you can people growth during the brand new Fidelity Bank Shared Holding Organization annual conference into April 19.

Fidelity Financial has given out as much as $2

As we know the best seasons inside our 133-seasons record, we are grateful to the people who have leading us to publication all of them into the monetary victory, said Ed Manzi, Chairman and Chief executive officer, Fidelity Financial. Our results are a real testament towards the relationship of our own associates just who promote services properly and develop innovative items so you can answer the newest growing demands of your members.

• Fidelity Bank’s LifeDesign strategy are produced so you’re able to dos,398 the fresh visitors property in 2021 and you may 392 enterprises to own a good complete off dos,790 brand new put membership.
• Experienced more than $398 million from inside the brand new financing manufacturing by giving organizations $138 million during the industrial financing, upwards off $93 million inside 2020, and more than $229 million in mortgages and you will house security funds, leading to an over 10 % progress.
• Achievement out-of an additional bullet regarding 291 Income Safeguards Program (PPP) loans totaling $twenty-five.9 billion, that have a two-season overall full away from 738 loans resulting in $80.cuatro million inside the PPP loans.
• Development of $43.nine billion from inside the shopping dumps regarding round the all the team areas, along with user, providers and you may municipal.
• Change Expert, a respected consultant and facilitator to have Point 1031 exchanges and you can a beneficial wholly possessed subsidiary away from Fidelity Financial, knowledgeable accurate documentation 12 months that have a 30 percent rise in readers and an effective 42 per cent escalation in the typical month-to-month stability. Inside the 2021, the brand new Exchange Power appointed John Peculis to help you Chairman and President, and you can established they gone the organizations towards the Fidelity Financial Shrewsbury Path financial cardiovascular system into the Worcester for the .

Managing people who have worry and you will respect has been a directing concept at the Fidelity Financial

He’s Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and Jonathan Vitale, who can all suffice a good 10-year label. Matthew Campobasso, bers, John Flick and you will Ronald J. (Joe) Salois were re-opted for so you can suffice an effective ten-12 months label once the corporators off Fidelity Shared Carrying Team. Sheila Harrity, Scott Howard, and you will Draw Puccio retired once payday loans in Riverside Idaho the corporators. Winfield Brownish and you may Mary Ritter was indeed select to help you suffice a-one-year label once the directors out of Fidelity Common Carrying Team. Brian Cirelli, Patricia Leonhardt and you will Ronald Marchetti was basically lso are-picked as the administrators regarding Fidelity Mutual Holding Company for a beneficial about three-12 months identity, and you may Maureen Marshall is re also-select since the a director of Fidelity Mutual Carrying Business for a beneficial one-12 months name. Alvin Collins is actually decided to help you Clerk from Fidelity Shared Carrying Company to own a one-12 months name, and you will Judy Khallady is actually selected so you’re able to Secretary Clerk away from Fidelity Common Holding Team for just one-seasons title.

Increasing towards the last year’s creation of the latest Fidelity Financial Addition and you may Assortment Advisory Board, the financial institution developed introduction and you may variety goals having customer purchase and associate hiring and written a vendor Government Policy to make certain inclusion and range certainly one of enterprises that have whom the lending company really does organization.

In 2021, Fidelity Financial proceeded to help with the groups through its People Dividend Program because of the supporting more 220 factors totaling more $eight hundred,000. Organizations searching efforts for the 2021 incorporated Indian Hill Tunes out of Littleton (soon is Groton Slope Musical Cardio if business opens the new home inside Groton) to help with outreach apps and gives scholarships and grants for college students in the personal schools across the Fidelity Bank’s services urban area and additionally Entrepreneurship to possess The, Inc. , Black colored Field Movies , Heywood Medical care , Based upon Foundation , WooSox Base , People Council , NewVue Teams, Inc. , The Excel Effort together with Worcester Condition Dinner Lender to mention a few, and additionally multiple causes promoted through Fidelity Bank’s weekly Compassionate Casual Fridays. 75 billion since system are rebranded into the 2013.