The season 2021 is a keen historic year getting Fidelity Financial given that yearly show exceeded traditional as well as good growth in commercial fund and you may deposits. The financial institution remained worried about the LifeDesign Banking means from helping members rating in which they want to getting by giving the fresh new quality, count on, and you will care and attention needed to create informed conclusion about their financial coming. Fidelity Bank common its 2021 economic study and society increases at the brand new Fidelity Financial Common Carrying Providers annual meeting to your April 19.

Fidelity Lender has given aside whenever $dos

Even as we know the strongest season within our 133-season record, we have been thankful to the people who’ve leading us to guide all of them towards the financial success, told you Ed Manzi, Chairman and you will Ceo, Fidelity Financial. The results are a genuine testament to the commitment in our associates who offer service carefully and develop creative things in order to answer the newest changing requires of our own website subscribers.

• Fidelity Bank’s LifeDesign means was brought to 2,398 the fresh new consumer homes in 2021 and 392 businesses for a great complete away from 2,790 this new put accounts.
• Educated more $398 million inside the the newest financing design by providing companies $138 mil when you look at the industrial fund, right up out-of $93 billion inside 2020, and most $229 billion inside mortgage loans and household equity finance, resulting in a more 10 percent growth.
• Conclusion off the next round out-of 291 Paycheck Protection Program (PPP) funds totaling $twenty-five.nine million, with a two-12 months full overall out-of 738 financing leading to $80.cuatro mil into the PPP loans.
• Growth of $43.9 billion in merchandising dumps off around the all of the team areas, as well as user, company and you will municipal.
• Change Power, the leading representative and facilitator to have Area 1031 exchanges and a good completely had subsidiary out-of Fidelity Financial, educated accurate documentation season that have a 30 percent boost in members and you will a 42 % escalation in the average month-to-month balance. Inside the 2021, the fresh Replace Expert designated John Peculis to Chairman and you will President, and launched it gone the offices towards Fidelity Bank Shrewsbury Highway banking heart in Worcester within the .

Managing people who have care and attention and you can value happens to be a guiding idea from the Fidelity Bank

He could be Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who can the serve good 10-year name. Matthew Campobasso, bers, John Movie and you may Ronald J. (Joe) Salois was indeed re-opted for to help you suffice a beneficial 10-seasons identity as corporators of Fidelity Mutual Holding Organization. Sheila Harrity, Scott Howard, and Mark Puccio resigned since corporators. Winfield Brownish and Mary Ritter was basically select to help you suffice a one-12 months name since the directors regarding Fidelity Mutual Holding Providers. Brian Cirelli, Patricia Leonhardt and you can Ronald Marchetti was indeed re-decided on while the administrators from Fidelity Shared Carrying Organization getting a great around three-year name, and you can Maureen Marshall is actually re also-decided on as the a manager out of Fidelity Shared Holding Organization for an effective one-seasons identity. Alvin Collins was opted in order to Clerk out-of Fidelity Mutual Holding Organization to possess a-one-12 months label, and Judy Khallady was selected in order to Assistant Clerk out-of Fidelity Shared Carrying Company for just one-seasons identity.

Increasing into the last year’s production of the new Fidelity Lender Inclusion and Diversity Advisory Board, the lending company created inclusion and you will variety plans to possess buyer acquisition and you may associate hiring and you will authored a vendor Administration Coverage to be sure addition and variety one of businesses that have just who the bank really does organization.

Into the 2021, Fidelity Financial continued to help with the latest teams and their People Bonus Program because of the help more than 220 causes totaling more than $eight hundred,000. Teams getting contributions recommended you read inside the 2021 included Indian Slope Sounds away from Littleton (soon getting Groton Mountain Tunes Center in the event that providers reveals the brand new home when you look at the Groton) to support outreach apps and gives grants for college students on personal schools all over Fidelity Bank’s service area along with Entrepreneurship getting Most of the, Inc. , Black Package Cinema , Heywood Healthcare , Centered Basis , WooSox Foundation , People Council , NewVue Groups, Inc. , New Excel Step and Worcester County Dinner Financial to call a few, plus several explanations promoted courtesy Fidelity Bank’s weekly Caring Everyday Fridays. 75 million once the program is rebranded within the 2013.