The entire year 2021 try an historic 12 months to possess Fidelity Financial as the annual results surpassed traditional as well as good development in industrial financing and you will deposits. The lending company remained concerned about their LifeDesign Banking approach off permitting members score in which they would like to feel by giving new clearness, confidence, and you can care necessary to create informed conclusion about their financial future. Fidelity Bank mutual its 2021 economic investigation and people growth at the newest Fidelity Bank Mutual Holding Team yearly meeting towards April 19.

Fidelity Financial has given away approximately $dos

Once we admit the best seasons in our 133-year records, our company is pleased to those with trusted us to publication them into monetary triumph, told you Ed Manzi, Chairman and you will Chief executive officer, Fidelity Bank. Our answers are a real testament with the relationship of our acquaintances who render service properly and develop innovative circumstances to help you address the brand new changing need your subscribers.

• Fidelity Bank’s LifeDesign means was lead to 2,398 the visitors property in 2021 and 392 businesses getting a beneficial full away from 2,790 the fresh new put membership.
• Knowledgeable over $398 million into the the brand new financing design by providing organizations $138 mil within the industrial financing, right up from $93 million for the 2020, and most $229 million inside mortgages and family guarantee fund, ultimately causing a more 10 percent development.
• Completion out of the next round from 291 Salary Protection Program (PPP) fund totaling $25.nine billion, that have a two-seasons overall overall off 738 loans ultimately causing $80.cuatro mil in the PPP fund.
• Growth of $43.9 million into the merchandising places away from across all of the organization places, also consumer, providers and you can municipal.
• Replace Expert, a number one representative and you may facilitator having Section 1031 transfers and you will a good completely owned subsidiary from Fidelity Financial, knowledgeable accurate documentation 12 months that have a 30 % rise in customers and you will good 42 percent upsurge in the typical month-to-month balance. When you look at the 2021, brand new Replace Expert appointed John Peculis in order to Chairman and you may Ceo, and you may revealed it gone its practices with the Fidelity Bank Shrewsbury Highway banking center within the Worcester when you look at the .

Treating people with worry and you will value has always been a leading idea at Fidelity Lender

He or she is Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who will all serve good 10-year identity. Matthew Campobasso, bers, John Flick and you may Ronald J. (Joe) Salois was basically re-selected so you can serve a good ten-year term as the corporators out-of Fidelity Shared Holding Organization. Sheila Harrity, Scott Howard, and Mark Puccio resigned just like the corporators. Winfield Brown and you will Mary Ritter had been chose in order to serve a single-12 months name while the directors of Fidelity Common Carrying Company. Brian Cirelli, Patricia Leonhardt and you will Ronald Marchetti had been lso are-chose due to the fact directors of Fidelity Common Carrying Business to own an excellent around three-year name, and Maureen Marshall try re-select given that a manager off Fidelity Common Holding Team to own an excellent one-year name. Alvin Collins was picked in order to loans in Indian Hills Clerk of Fidelity Shared Holding Organization getting a one-12 months identity, and you will Judy Khallady was opted for so you’re able to Secretary Clerk away from Fidelity Shared Carrying Providers for just one-season title.

Increasing with the last year’s creation of the latest Fidelity Bank Addition and you can Assortment Advisory Board, the lending company setup introduction and assortment plans to own customer acquisition and you can colleague employing and you may authored a supplier Government Plan to be sure inclusion and you can assortment certainly one of people which have exactly who the financial institution do providers.

From inside the 2021, Fidelity Financial continued to support brand new teams using their Area Dividend System by the help more than 220 reasons totaling over $400,000. Communities getting contributions into the 2021 integrated Indian Slope Music of Littleton (in the future getting Groton Slope Songs Cardiovascular system if providers reveals their new house inside the Groton) to support outreach software and gives grants for college students on societal schools all over Fidelity Bank’s services town plus Entrepreneurship having All the, Inc. , Black Container Theatre , Heywood Health care , Dependent Foundation , WooSox Basis , Neighborhood Council , NewVue Communities, Inc. , The new Be noticed Initiative in addition to Worcester County Dinner Lender to call several, and additionally numerous causes advertised as a result of Fidelity Bank’s each week Caring Relaxed Fridays. 75 billion given that system is renamed into the 2013.