Town financial, which have head office within the Leominster and you may thirteen full-service organizations, grew because of the nine

The year 2021 are an historical year having Fidelity Financial as yearly results surpassed requirement together with strong growth in commercial finance and you can deposits. The lending company remained concerned about the LifeDesign Financial approach away from helping clients rating where payday loans Moffat they wish to be giving the understanding, count on, and you can care must build advised decisions about their financial upcoming. Fidelity Bank shared their 2021 financial study and you can society development on the newest Fidelity Lender Shared Carrying Company yearly fulfilling on the April 19.

Fidelity Bank gave aside whenever $dos

Even as we know the strongest year in our 133-12 months records, our company is grateful to those that have trusted us to publication them into the financial profits, said Ed Manzi, Chairman and you may Chief executive officer, Fidelity Lender. Our results are a genuine testament toward commitment your associates just who offer services properly and create innovative situations to answer the fresh changing needs of one’s customers.

• Fidelity Bank’s LifeDesign method try introduced so you can 2,398 new visitors property when you look at the 2021 and 392 organizations to have good overall out-of dos,790 new put account.
• Knowledgeable more than $398 million inside the brand new mortgage production by providing people $138 mil during the industrial financing, right up out of $93 mil for the 2020, and most $229 billion within the mortgage loans and you can domestic guarantee financing, causing an over 10 percent development.
• Conclusion regarding the next round out of 291 Salary Safeguards System (PPP) fund totaling $twenty five.nine million, that have a-two-season overall overall from 738 fund resulting in $80.4 billion in PPP finance.
• Development of $43.9 million into the merchandising deposits of round the the organization segments, and individual, company and you can civil.
• Exchange Expert, a number one consultant and you can facilitator getting Part 1031 transfers and you can a good wholly owned part of Fidelity Lender, experienced a record season having a 30 % boost in website subscribers and you may a 42 per cent increase in an average month-to-month balance. For the 2021, this new Replace Power appointed John Peculis so you can President and you can Ceo, and you can revealed they gone their workplaces toward Fidelity Bank Shrewsbury Highway financial cardio for the Worcester in the .

Treating individuals with proper care and you may esteem is without question a directing idea at the Fidelity Bank

He is Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you may Jonathan Vitale, who’ll most of the suffice a ten-12 months title. Matthew Campobasso, bers, John Flick and you will Ronald J. (Joe) Salois were lso are-opted for to help you suffice good ten-12 months title just like the corporators regarding Fidelity Common Carrying Company. Sheila Harrity, Scott Howard, and you will Draw Puccio resigned since the corporators. Winfield Brownish and you may Mary Ritter had been opted for in order to serve a-one-year name as the directors of Fidelity Common Holding Company. Brian Cirelli, Patricia Leonhardt and Ronald Marchetti had been re-elected as the administrators out of Fidelity Common Holding Company for a great about three-year identity, and Maureen Marshall was lso are-chose because a director of Fidelity Common Carrying Team to own an effective one-season term. Alvin Collins is decided on to help you Clerk out-of Fidelity Mutual Holding Company having a single-season label, and you will Judy Khallady is actually decided to go with to help you Secretary Clerk off Fidelity Common Carrying Organization for one-year identity.

Increasing into the history year’s production of the latest Fidelity Lender Inclusion and you will Assortment Advisory Board, the lending company created introduction and you can assortment plans to own customer acquisition and you can associate hiring and written a provider Government Policy to be certain introduction and you can diversity certainly enterprises that have which the lending company does organization.

Inside 2021, Fidelity Lender went on to support brand new groups the help of its Society Bonus System by supporting more 220 reasons totaling more $400,000. Teams choosing contributions inside 2021 provided Indian Slope Music of Littleton (in the near future becoming Groton Mountain Sounds Cardio when the team reveals their new home into the Groton) to support outreach programs and offer scholarships and grants for college students in the social universities across Fidelity Bank’s service city in addition to Entrepreneurship to have All the, Inc. , Black Container Cinema , Heywood Healthcare , Established Base , WooSox Base , People Council , NewVue Communities, Inc. , The newest Be noticed Initiative and also the Worcester State Eating Financial to mention several, including several explanations advertised through Fidelity Bank’s per week Caring Casual Fridays. 75 billion as system is actually renamed from inside the 2013.