The entire year 2021 is a keen historical seasons having Fidelity Bank just like the annual results exceeded criterion and strong growth in industrial fund and deposits. The financial institution remained concerned about the LifeDesign Banking method away from providing subscribers score in which they would like to end up being giving the new understanding, believe, and care must make told decisions about their economic upcoming. Fidelity Financial common its 2021 monetary investigation and you may society gains during the the new Fidelity Bank Mutual Holding Team annual meeting for the April 19.

Fidelity Lender gave aside up to $2

As we acknowledge the best seasons in our 133-12 months background, the audience is grateful to people with leading us to book all of them to your financial achievements, said Ed Manzi, Chairman and President, Fidelity Financial. The results are a real testament for the connection of one’s colleagues just who provide solution with care and create creative circumstances to respond to this new changing demands of one’s clients.

• Fidelity Bank’s LifeDesign means are brought to help you dos,398 the buyer properties inside the 2021 and you may 392 people for a great full regarding 2,790 the brand new deposit account.
• Experienced more $398 mil inside the latest financing production giving enterprises $138 billion in the commercial financing, up from $93 billion inside 2020, and more than $229 mil into the mortgages and family security finance, leading to an over 10 % development.
• Achievement off the second bullet of 291 Paycheck Safeguards System (PPP) financing totaling $25.nine mil, which have a-two-season total overall of 738 finance leading to $80.cuatro billion in PPP financing.
• Growth of $43.9 million in merchandising dumps of all over most of the company areas, americash loans Grand Junction also consumer, providers and civil.
• Exchange Authority, a prominent agent and you can facilitator having Part 1031 exchanges and you may a good entirely had part regarding Fidelity Financial, knowledgeable a record year having a 30 percent upsurge in subscribers and you may a good 42 % upsurge in the average monthly balances. In 2021, new Exchange Expert designated John Peculis in order to Chairman and you will President, and you will revealed it went its practices into Fidelity Financial Shrewsbury Roadway banking heart when you look at the Worcester from inside the .

Treating individuals with proper care and you can esteem has long been a directing concept in the Fidelity Lender

He is Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and Jonathan Vitale, who’ll all the suffice a good ten-seasons identity. Matthew Campobasso, bers, John Movie and Ronald J. (Joe) Salois was lso are-picked so you’re able to suffice an excellent ten-seasons name as the corporators regarding Fidelity Shared Carrying Organization. Sheila Harrity, Scott Howard, and you can Draw Puccio retired since the corporators. Winfield Brown and you will Mary Ritter had been elected to suffice a one-year label just like the administrators out-of Fidelity Mutual Carrying Team. Brian Cirelli, Patricia Leonhardt and you may Ronald Marchetti was in fact re-decided since directors of Fidelity Common Carrying Organization to have an excellent about three-seasons identity, and you can Maureen Marshall is actually lso are-decided on while the a movie director off Fidelity Common Holding Team to own a great one-seasons term. Alvin Collins is selected in order to Clerk off Fidelity Mutual Holding Team to possess a single-season name, and you can Judy Khallady was picked to help you Secretary Clerk regarding Fidelity Mutual Carrying Providers for 1-season title.

Broadening towards the history year’s creation of the fresh Fidelity Financial Introduction and Diversity Consultative Board, the financial institution install addition and you may assortment needs to have consumer order and you can associate hiring and authored a provider Management Rules to be sure introduction and variety among companies that have which the financial institution does business.

For the 2021, Fidelity Lender proceeded to support the fresh communities due to their People Bonus System because of the supporting more 220 factors totaling more $400,000. Groups researching contributions when you look at the 2021 incorporated Indian Slope Musical away from Littleton (in the near future to get Groton Mountain Sounds Cardio in the event the company opens the brand new home when you look at the Groton) to help with outreach applications and gives scholarships for students in the personal universities across Fidelity Bank’s service town also Entrepreneurship to have Every, Inc. , Black colored Field Theatre , Heywood Medical care , Dependent Base , WooSox Foundation , Neighborhood Council , NewVue Teams, Inc. , This new Stick out Initiative and the Worcester State Dinner Bank to mention a few, and several causes marketed using Fidelity Bank’s each week Caring Informal Fridays. 75 billion as system is actually rebranded from inside the 2013.