Town lender, that have head office into the Leominster and 13 full-services workplaces, grew because of the nine

The year 2021 is an historic year to have Fidelity Financial since the yearly overall performance exceeded criterion together with strong development in industrial funds and you can dumps. The financial institution stayed worried about their LifeDesign Banking method regarding permitting readers rating where they wish to feel by providing the fresh new understanding, confidence, and you can care and attention needed seriously to create told choices about their financial future. Fidelity Lender mutual its 2021 economic study and area increases at the brand new Fidelity Financial Common Holding Business annual fulfilling on the April 19.

Fidelity Financial has given out as much as $2

While we acknowledge the strongest season within 133-12 months history, we are thankful to those who’ve leading us to publication them to the monetary victory, told you Ed Manzi, Chairman and you may Chief executive officer, Fidelity Financial. Our very own answers are a genuine testament towards connection of your colleagues exactly who bring services properly and create creative items so you’re able to answer the new developing requires your readers.

• Fidelity Bank’s LifeDesign approach try introduced in order to 2,398 the newest visitors homes in the 2021 and you can 392 people to possess a good full out-of 2,790 brand new put accounts.
• Experienced over $398 billion into the the brand new loan creation by providing businesses $138 million inside commercial money, right up out of $93 mil in the 2020, and more than $229 mil in mortgage loans and you may domestic guarantee fund, ultimately causing a more 10 percent gains.
• End from a second round off 291 Income Safeguards System (PPP) loans totaling $twenty five.9 billion, which have a-two-seasons full complete away from 738 financing ultimately causing $80.4 mil during the PPP finance.
• Growth of $43.nine billion inside shopping places away from round the every company areas, as well as user, business and civil.
• Exchange Expert, a number one consultant and you may facilitator to have Section 1031 exchanges and you can a beneficial wholly had subsidiary out of Fidelity Financial, knowledgeable accurate documentation seasons having a 30 % rise in members and you will an excellent 42 per cent upsurge in the common monthly balances. Into the 2021, the fresh new Change Expert appointed John Peculis to help you President and you may Ceo, and you may announced they moved its offices on the Fidelity Financial Shrewsbury Road financial center in the Worcester inside the .

Treating those with care and respect is without question a directing concept at Fidelity Lender

They are Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you will Jonathan Vitale, who’ll all serve a good 10-12 months term. Matthew Campobasso, bers, John Motion picture and you will Ronald J. (Joe) Salois was basically re also-picked so you can suffice a good 10-season title given that corporators regarding Fidelity Common Carrying Business. Sheila Harrity, Scott Howard, and you may Mark Puccio retired due to the fact corporators. Winfield Brown and you may Mary Ritter was indeed picked in order to serve a-one-season identity as the directors from Fidelity Mutual Holding Organization. Brian Cirelli, Patricia Leonhardt and Ronald Marchetti was in fact lso are-select because the administrators regarding Fidelity Shared Carrying Organization for a great three-12 months term, and you will Maureen Marshall are re also-picked due to the fact a director of Fidelity Shared Holding Providers to have a beneficial one-12 months identity. Alvin Collins are opted for in order to Clerk out of Fidelity Shared Carrying Organization having a one-year name, and Judy Khallady are opted to Secretary Clerk of Fidelity Mutual Carrying Organization for example-12 months title.

Increasing to the past year’s production of brand new Fidelity Bank Inclusion and Range Advisory Panel, the lending company arranged addition and you can assortment aim having consumer buy and you can associate employing and you will composed a supplier Administration Plan to be certain addition and diversity certainly one of enterprises that have who the lending company do organization.

Into the 2021, Fidelity Financial went on to help with the fresh new communities employing People Bonus System because of the support more 220 reasons totaling more than $400,000. Teams choosing benefits into the 2021 incorporated Indian Mountain Musical out of Littleton (in the near future are Groton Mountain Music Heart in the event the company opens up its new home from inside the Groton) to support outreach software and provide scholarships and grants for college students at the societal colleges all over Fidelity Bank’s provider town as well as Entrepreneurship getting Most of the, Inc. , Black colored Package Movies , Heywood Medical care , Reliant Foundation , WooSox Base , Community Council , NewVue Groups, Inc. , The fresh Get noticed Step while the Worcester State Food Lender to name several, in addition to multiple explanations promoted installment loans New York because of Fidelity Bank’s per week Caring Informal Fridays. 75 mil due to the fact program is actually rebranded in 2013.