The year 2021 try a keen historical 12 months to possess Fidelity Financial because yearly efficiency exceeded traditional and additionally good growth in industrial money and you can dumps. The financial institution remained worried about the LifeDesign Financial strategy of providing readers rating where they wish to be by giving the latest clearness, trust, and worry had a need to build told conclusion about their economic upcoming. Fidelity Lender mutual its 2021 economic analysis and society growth from the the Fidelity Bank Common Holding Team yearly appointment towards the April 19.

Fidelity Financial has given away approximately $dos

Once we acknowledge the best seasons in our 133-year history, we are thankful to those who’ve top me to book all of them to the monetary victory, told you Ed Manzi, Chairman and you can Chief executive officer, Fidelity Lender. All of our results are a real testament towards the connection in our acquaintances which offer services carefully and develop creative affairs in order to address the latest developing requires of our own subscribers.

• Fidelity Bank’s LifeDesign approach is actually lead to help you dos,398 the visitors domiciles in the 2021 and you may 392 businesses to own good overall regarding 2,790 the newest put levels.
• Experienced over $398 mil in the the latest loan production by giving companies $138 mil for the industrial loans, up away from $93 billion into the 2020, and most $229 billion inside the mortgages and domestic security funds, causing an over ten percent progress.
• End out-of an additional bullet away from 291 Income Safeguards System (PPP) fund totaling $twenty five.9 billion, with a-two-year overall full from 738 financing causing $80.4 million when you look at the PPP loans.
• Development of $43.nine mil during the merchandising places out of all over all the team places, including user, providers and you may municipal.
• Exchange Authority, a respected consultant and you can facilitator to own Part 1031 transfers and you may a beneficial completely owned part from Fidelity Lender, experienced a record season which have a 30 % escalation in members and you may an effective 42 % rise in the common month-to-month balance. During the 2021, the brand new Change Expert designated John Peculis in order to Chairman and you will Chief executive officer, and you may announced they gone the workplaces into the Fidelity Financial Shrewsbury Road financial heart during the Worcester in .

Managing people with proper care and regard has become a directing principle within Fidelity Bank

They are Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you can Jonathan Vitale, that will all the serve a great 10-seasons label. Matthew Campobasso, bers, John Motion picture and Ronald J. (Joe) Salois was lso are-chose to serve a ten-year identity as corporators out-of Fidelity Shared Carrying Business. Sheila Harrity, Scott Howard, and Draw Puccio retired because the corporators. Winfield Brown and you can Mary Ritter was indeed chose right here so you’re able to serve a single-seasons term as the administrators from Fidelity Mutual Holding Company. Brian Cirelli, Patricia Leonhardt and Ronald Marchetti were lso are-picked once the administrators from Fidelity Shared Holding Business for a good around three-12 months identity, and you may Maureen Marshall is re also-opted as a manager out-of Fidelity Mutual Carrying Business having a good one-year label. Alvin Collins is actually decided on to help you Clerk out-of Fidelity Common Carrying Company to have a one-12 months label, and you may Judy Khallady try selected so you’re able to Assistant Clerk regarding Fidelity Mutual Holding Organization for just one-season title.

Increasing to your history year’s production of brand new Fidelity Financial Addition and you can Range Advisory Board, the financial institution developed introduction and you can assortment needs to own consumer order and colleague hiring and composed a merchant Management Plan to make certain inclusion and you may diversity among organizations that have just who the bank really does business.

During the 2021, Fidelity Financial went on to support the fresh new groups with their Community Bonus Program because of the help more 220 grounds totaling more $eight hundred,000. Groups getting benefits during the 2021 incorporated Indian Hill Music of Littleton (in the near future getting Groton Hill Sounds Heart if organization opens up their new house within the Groton) to help with outreach software and provide grants for college students during the societal universities across Fidelity Bank’s services town including Entrepreneurship for Most of the, Inc. , Black colored Field Cinema , Heywood Medical care , Based upon Base , WooSox Foundation , Area Council , NewVue Teams, Inc. , New Stand out Step plus the Worcester State Restaurants Bank to name a number of, plus several causes advertised courtesy Fidelity Bank’s weekly Caring Relaxed Fridays. 75 million since system is rebranded into the 2013.