Town financial, with head office into the Leominster and you may thirteen full-services workplaces, increased from the 9

The season 2021 is actually an historical 12 months getting Fidelity Financial once the annual efficiency exceeded standards plus good growth in commercial finance and dumps. The bank stayed focused on the LifeDesign Banking means of permitting members rating where they wish to end up being giving the brand new understanding, count on, and you can care and attention needed to build advised decisions regarding their economic coming. Fidelity Financial mutual its 2021 financial data and you will neighborhood growth within the Fidelity Bank Mutual Holding Business yearly appointment with the April 19.

Fidelity Lender has given out approximately $dos

Once we accept the best 12 months within our 133-seasons background, we are thankful to those with top us to book them for the economic triumph, told you Ed Manzi, President and you may Ceo, Fidelity Financial. All of our answers are a real testament to the connection of our colleagues whom render service properly and produce imaginative facts to help you answer the growing means of our own website subscribers.

• Fidelity Bank’s LifeDesign means is actually delivered in order to dos,398 the fresh new customer house within the 2021 and you will 392 enterprises for a good total out-of 2,790 the deposit levels.
• Experienced over $398 mil inside the new financing manufacturing giving people $138 mil during the industrial funds, right up out-of $93 billion within the 2020, and more than $229 billion when you look at the mortgage loans and you may home collateral funds, leading to a more than ten percent progress.
• Achievement away from one minute round out-of 291 Salary Coverage Program (PPP) loans totaling $25.9 billion, having a two-seasons full full out-of 738 fund leading to $80.cuatro mil for the PPP financing.
• Growth of $43.9 million during the shopping places out-of across the all company places, along with consumer, company and civil.
• Replace Expert, a number one agent and you will facilitator to possess Point 1031 transfers and you may an excellent wholly owned subsidiary from Fidelity Bank, experienced accurate documentation 12 months which have a 30 % boost in members and you can an excellent 42 percent escalation in the average month-to-month balances. In 2021, the fresh Exchange Power appointed John Peculis so you can Chairman and you will President, and you can revealed it gone the practices towards Fidelity Lender Shrewsbury Road banking cardio during the Worcester during the .

Managing people with worry and value has become a directing principle at Fidelity Lender

He is Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you can Jonathan Vitale, who will the suffice a good ten-12 months label. Matthew Campobasso, bers, John Flick and you will Ronald J. (Joe) Salois was in fact re also-opted for to help you serve a beneficial 10-season identity just like the corporators away from Fidelity Mutual Carrying Company. Sheila Harrity, Scott Howard, and you may Mark Puccio retired while the corporators. Winfield Brown and Mary Ritter have been selected to suffice a-one-12 months name since the directors out of Fidelity Common Carrying Organization. Brian Cirelli, Patricia Leonhardt and you may Ronald Marchetti was in fact re also-selected since the administrators out-of Fidelity Mutual Holding Team for an excellent three-seasons term, and you may Maureen Marshall are lso are-selected just like the a director regarding Fidelity Common Holding Organization having an excellent one-seasons identity. Alvin Collins try opted for to Clerk from Fidelity Common Holding Business having a one-seasons term, and you may Judy Khallady are opted for to help you Secretary Clerk regarding Fidelity Shared Holding Providers for example-12 months term.

Increasing for the last year’s creation of the brand new Fidelity Bank Introduction and you may Variety Advisory Board, the lending company set up introduction and you can variety goals getting visitors buy and associate hiring and you can written a provider Government Rules to make certain introduction and you can assortment one of companies having who the financial institution do business.

For the 2021, Fidelity Lender continued to support the fresh new organizations using their Area Dividend Program by supporting more 220 explanations totaling more $eight hundred,000. Organizations searching efforts into the 2021 included Indian Slope Musical regarding Littleton (soon as Groton Slope Tunes Cardiovascular system in the event that providers opens up its brand new home inside Groton) to help with outreach programs and supply scholarships for college students at the societal schools around the Fidelity Bank’s service town as well as Entrepreneurship to have All of the, Inc. , Black Package Cinema , Heywood Medical care , Dependent Base , WooSox Foundation , Area Council , NewVue Teams, Inc. , The newest Excel Step additionally the Worcester County Eating Lender to mention a number of, along with several causes promoted as a consequence of Fidelity Bank’s a week Caring Informal Fridays. 75 mil just like the program payday loans Alabama are renamed in the 2013.