The entire year 2021 is actually an historical 12 months to have Fidelity Bank while the yearly abilities surpassed traditional along with solid growth in industrial money and you can places. The lending company remained focused on their LifeDesign Banking method regarding providing clients score in which they would like to getting giving the brand new understanding, depend on, and you can worry wanted to build told conclusion about their financial coming. Fidelity Bank common its 2021 monetary data and you will neighborhood development from the brand new Fidelity Financial Shared Holding Team yearly conference toward April 19.

Fidelity Bank has given away approximately $2

As we recognize the best 12 months in our 133-season record, we’re thankful to people with trusted me to book all of them toward loan places Clio economic success, said Ed Manzi, President and you can Ceo, Fidelity Bank. Our very own answers are a real testament into connection in our colleagues who promote service with care and produce imaginative things to help you respond to the new growing requires of our own subscribers.

• Fidelity Bank’s LifeDesign strategy was delivered to 2,398 the new buyer houses inside 2021 and you will 392 organizations getting a complete regarding dos,790 the new deposit account.
• Knowledgeable more than $398 million during the the brand new financing creation by providing people $138 mil from inside the industrial finance, right up out of $93 million in 2020, and more than $229 billion for the mortgages and you may house guarantee funds, resulting in a more than 10 percent development.
• Achievement out-of one minute round out of 291 Paycheck Defense System (PPP) financing totaling $twenty five.9 mil, which have a-two-season full full of 738 finance causing $80.4 million inside the PPP funds.
• Development of $43.nine billion from inside the merchandising deposits of round the every business locations, including individual, company and you can municipal.
• Exchange Power, a leading associate and facilitator having Point 1031 exchanges and you will a good wholly owned subsidiary regarding Fidelity Financial, educated accurate documentation 12 months having a 30 percent escalation in clients and you may an effective 42 per cent increase in an average month-to-month stability. Into the 2021, new Exchange Authority designated John Peculis so you’re able to Chairman and you can Ceo, and established they moved their workplaces into Fidelity Bank Shrewsbury Road banking cardiovascular system into the Worcester in the .

Dealing with those with care and attention and admiration has always been a leading principle within Fidelity Financial

He is Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you will Jonathan Vitale, who’ll all serve an effective 10-year label. Matthew Campobasso, bers, John Film and you will Ronald J. (Joe) Salois was in fact re-select so you can suffice a good 10-seasons identity since the corporators out-of Fidelity Shared Carrying Business. Sheila Harrity, Scott Howard, and you will Draw Puccio resigned due to the fact corporators. Winfield Brown and you will Mary Ritter had been selected in order to suffice a one-year name while the directors away from Fidelity Common Carrying Team. Brian Cirelli, Patricia Leonhardt and you can Ronald Marchetti have been re-opted for just like the administrators from Fidelity Mutual Holding Providers having an excellent three-year term, and you may Maureen Marshall is lso are-decided on given that a director away from Fidelity Common Holding Team getting a beneficial one-year label. Alvin Collins are decided in order to Clerk off Fidelity Mutual Carrying Team getting a one-year identity, and you will Judy Khallady was selected to Secretary Clerk out of Fidelity Common Carrying Team for example-year term.

Broadening towards last year’s creation of the Fidelity Financial Introduction and Assortment Advisory Panel, the financial institution set-up introduction and you may range objectives to own buyer purchase and associate employing and you can written a seller Management Coverage to be sure introduction and you can range among businesses having who the lending company does providers.

When you look at the 2021, Fidelity Bank went on to support the brand new groups with their Neighborhood Dividend System of the help over 220 reasons totaling over $eight hundred,000. Groups finding efforts in 2021 incorporated Indian Slope Songs from Littleton (in the future to be Groton Hill Sounds Center if the organization opens the new house into the Groton) to support outreach programs and provide scholarships and grants for college students at the public schools across the Fidelity Bank’s solution city also Entrepreneurship having The, Inc. , Black colored Field Theatre , Heywood Health care , Depending Basis , WooSox Basis , Society Council , NewVue Communities, Inc. , This new Stand out Step and Worcester State Restaurants Financial to-name a few, including multiple factors promoted through Fidelity Bank’s each week Caring Informal Fridays. 75 mil just like the program try rebranded within the 2013.