The community financial, having headquarters inside Leominster and you will 13 full-services organizations, increased because of the nine

The season 2021 try an enthusiastic historic 12 months for Fidelity Lender as annual show surpassed requirement including good development in commercial loans and you can dumps. The lending company remained focused on its LifeDesign Banking strategy away from providing clients rating where they would like to feel giving brand new clearness, rely on, and you will care needed to make told conclusion regarding their monetary future. Fidelity Lender common the 2021 financial investigation and you will neighborhood growth at the fresh Fidelity Financial Mutual Carrying Company annual fulfilling towards the April 19.

Fidelity Lender gave out just as much as $dos

While we admit the strongest season inside our 133-year records, we’re thankful to those who’ve trusted me to guide all of them to your financial profits, said Ed Manzi, Chairman and Chief executive officer, Fidelity Lender. The results are a genuine testament for the union of our own associates exactly who offer service carefully and develop innovative things to help you address the latest changing needs of one’s website subscribers.

• Fidelity Bank’s LifeDesign means try brought to dos,398 this new client homes into the 2021 and 392 businesses for an effective complete of 2,790 brand new deposit levels.
• Knowledgeable over $398 mil for the the latest financing creation by giving organizations $138 million within the commercial money, right up of $93 billion in 2020, and most $229 mil for the mortgage loans and you can domestic guarantee fund, causing a more than 10 % development.
• End regarding the second bullet away from 291 Salary Coverage Program (PPP) loans totaling $25.9 million, which have a-two-seasons full overall away from 738 financing leading to $80.cuatro mil when you look at the PPP fund.
• Development of $43.9 million inside the merchandising dumps from across the all the company segments, in addition to consumer, business and you can civil.
• Change Power, the leading consultant and you will facilitator to possess Area 1031 transfers and you can a beneficial completely possessed subsidiary off Fidelity Financial, knowledgeable accurate documentation 12 months which have a 30 percent rise in clients and you will an effective 42 % rise in the average monthly balance. Inside 2021, the brand new Replace Authority appointed John Peculis to help you President and you can Chief executive officer, and announced they gone its practices towards Fidelity Bank Shrewsbury Road banking heart for the Worcester for the .

Treating people who have care and attention and respect is definitely a directing principle at the Fidelity Lender

He is Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who can all serve a beneficial ten-12 months title. Matthew Campobasso, bers, John Film and you payday loan alternative Idalia will Ronald J. (Joe) Salois were re-decided to help you serve a great ten-year identity while the corporators off Fidelity Shared Holding Business. Sheila Harrity, Scott Howard, and you will Mark Puccio resigned as the corporators. Winfield Brownish and you will Mary Ritter was indeed picked so you’re able to serve a single-season title since directors from Fidelity Common Holding Company. Brian Cirelli, Patricia Leonhardt and you may Ronald Marchetti was in fact re-decided to go with due to the fact directors off Fidelity Mutual Holding Providers having good three-seasons label, and you will Maureen Marshall try re-decided due to the fact a movie director of Fidelity Common Holding Providers getting an excellent one-12 months label. Alvin Collins is decided to go with in order to Clerk out-of Fidelity Shared Carrying Organization to own a one-seasons identity, and you may Judy Khallady is actually chose so you’re able to Secretary Clerk out of Fidelity Shared Holding Business for 1-season identity.

Expanding to the past year’s production of the fresh Fidelity Bank Addition and you may Diversity Advisory Board, the bank set-up inclusion and you may diversity purpose getting visitors acquisition and you may associate choosing and you may created a merchant Management Rules to ensure introduction and you can range certainly one of enterprises with exactly who the lending company does company.

In 2021, Fidelity Financial continued to support the fresh communities with regards to People Dividend System by support more than 220 reasons totaling more than $400,000. Organizations finding efforts in 2021 integrated Indian Slope Sounds away from Littleton (soon as Groton Mountain Songs Cardio when the providers reveals their brand new home inside the Groton) to support outreach applications and offer scholarships for college students at the social schools round the Fidelity Bank’s provider area plus Entrepreneurship to possess All the, Inc. , Black colored Box Theatre , Heywood Health care , Depending Foundation , WooSox Foundation , Community Council , NewVue Groups, Inc. , The newest Stand out Initiative and also the Worcester Condition Dinner Lender to mention a few, together with numerous explanations promoted because of Fidelity Bank’s per week Compassionate Informal Fridays. 75 billion because the system was rebranded for the 2013.