The year 2021 is actually an enthusiastic historic year to possess Fidelity Bank just like the annual performance surpassed traditional together with strong growth in industrial fund and you may dumps. The bank stayed worried about its LifeDesign Banking strategy out of helping members get in which they want to getting by giving this new clarity, rely on, and you can proper care wanted to generate advised behavior about their financial coming. Fidelity Bank mutual the 2021 monetary analysis and you can community development from the the new Fidelity Bank Mutual Holding Company yearly appointment towards the April 19.

Fidelity Bank gave aside approximately $dos

While we know the strongest season within 133-year records, we are grateful to the people with top me to guide all of them with the financial achievements, told you Ed Manzi, President and you may Chief executive officer, Fidelity Financial. All of our results are a real testament into the commitment of one’s acquaintances whom render services properly and produce creative points so you’re able to respond to brand new changing needs of one’s members.

• Fidelity Bank’s LifeDesign means try lead so you’re able to 2,398 the fresh buyer house when you look at the 2021 and you can 392 enterprises for a beneficial complete away from dos,790 the put accounts.
• Educated more $398 million within the this new mortgage manufacturing by giving companies $138 mil within the commercial financing, upwards regarding $93 mil from inside the 2020, and most $229 billion within the mortgages and you can house collateral finance, leading to an over 10 percent progress.
• Conclusion away from a second round out-of 291 Salary Safety Program (PPP) fund totaling $twenty five.9 mil, that have a two-season complete total away from 738 money causing $80.cuatro billion during the PPP financing.
• Development of $43.nine billion when you look at the shopping dumps of across the most of the team markets, together with user, business and you will civil.
• Replace Power, the leading agent and you can facilitator for Area 1031 exchanges and an excellent wholly possessed part regarding Fidelity Lender, experienced accurate documentation season having a 30 percent rise in clients and you can a great 42 percent increase in the average monthly stability. Inside the 2021, the Change Power designated John Peculis so you can President and President, and you will launched they gone the practices towards the Fidelity Lender Shrewsbury Highway banking center from inside the Worcester for the .

Treating those with care and value has long been a leading principle on Fidelity Bank

They are Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, that will all of the serve a good 10-seasons name. Matthew Campobasso, bers, John Movie and you will Ronald J. (Joe) Salois have been re-decided to help you serve a great ten-12 months title just like the corporators regarding Fidelity Common Carrying Business. Sheila Harrity, Scott Howard, and Draw Puccio retired as corporators. Winfield Brownish and you may Mary Ritter was select to help you serve a one-seasons identity given that administrators away from Fidelity Common Holding Organization. Brian Cirelli, Patricia Leonhardt and Ronald Marchetti was indeed re-decided to go with as the administrators from Fidelity Mutual Holding Business to have a good about three-year title, and you can Maureen Marshall is actually re also-decided to go with due to the fact a manager out-of Fidelity Common Carrying Organization to possess an effective one-12 months term. Alvin Collins are opted for to help you Clerk out of Fidelity Mutual Holding Organization for a single-12 months identity Lone Tree loans, and you will Judy Khallady try picked so you’re able to Assistant Clerk regarding Fidelity Mutual Holding Team for example-12 months name.

Expanding for the history year’s creation of the fresh new Fidelity Lender Introduction and you may Diversity Consultative Panel, the bank created addition and you can assortment plans to own visitors order and associate hiring and written a merchant Management Rules to make sure introduction and you may range certainly one of organizations which have exactly who the lending company really does company.

In 2021, Fidelity Lender proceeded to help with this new teams and their People Bonus Program because of the support over 220 explanations totaling over $eight hundred,000. Teams searching benefits into the 2021 integrated Indian Mountain Music of Littleton (in the near future to-be Groton Hill Sounds Heart in the event the business reveals the new house within the Groton) to help with outreach apps and offer scholarships for students from the societal universities around the Fidelity Bank’s solution area together with Entrepreneurship having All the, Inc. , Black Field Theatre , Heywood Healthcare , Established Foundation , WooSox Base , Area Council , NewVue Groups, Inc. , The newest Be noticed Effort and also the Worcester State Dinner Lender to-name a number of, and additionally several explanations advertised as a consequence of Fidelity Bank’s a week Compassionate Everyday Fridays. 75 billion while the program are rebranded for the 2013.