The season 2021 try an historic season for Fidelity Financial as the yearly results exceeded traditional including solid development in commercial finance and you can dumps. The financial institution stayed concerned about their LifeDesign Financial approach away from permitting clients rating where they wish to end up being giving new clearness, trust, and you can proper care needed to make informed behavior about their economic coming. Fidelity Financial shared its 2021 economic analysis and you may area gains within the new Fidelity Bank Shared Carrying Team annual fulfilling to your April 19.

Fidelity Lender has given aside approximately $dos

While we accept the best year within our 133-year records, we have been pleased to the people who have respected me to publication them towards the financial triumph, told you Ed Manzi, Chairman and you may President, Fidelity Bank. Our results are a true testament into partnership in our colleagues who bring service properly and develop creative things to help you answer the fresh developing needs in our customers.

• Fidelity Bank’s LifeDesign means is produced in order to dos,398 the fresh client property inside 2021 and 392 organizations for good overall out-of dos,790 the fresh deposit accounts.
• Knowledgeable more $398 million in the newest financing creation by providing organizations $138 billion in the industrial fund, upwards regarding $93 billion from inside the 2020, and more than $229 mil within the mortgage loans and you can family security fund, leading to a more 10% gains.
• Achievement out-of a second round regarding 291 Income Defense System (PPP) money totaling $twenty five.9 million, which have a-two-year overall total from 738 funds ultimately causing $80.4 million from inside the PPP financing.
• Growth of $43.nine million for the shopping places out of around the the company areas, plus individual, company and you will municipal.

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• Replace Power, a number one representative and facilitator to have Area 1031 transfers and you can a great wholly possessed part out-of Fidelity Financial, educated a record season which have a 30 percent escalation in website subscribers and you may a great 42 % increase in the common monthly balances. In 2021, the fresh Replace Power appointed John Peculis to help you Chairman and President, and you will announced it gone their workplaces to your Fidelity Bank Shrewsbury Road financial center in Worcester for the .

Treating people with care and regard is definitely a guiding idea on Fidelity Lender

He’s Melane Bisbas, Winfield Brown, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you will Jonathan Vitale, who can every suffice an effective ten-year identity. Matthew Campobasso, bers, John Film and you can Ronald J. (Joe) Salois were re also-opted to help you suffice a beneficial ten-year name once the corporators out of Fidelity Mutual Carrying Business. Sheila Harrity, Scott Howard, and you may Mark Puccio retired since corporators. Winfield Brown and you may Mary Ritter have been opted so you’re able to suffice a one-seasons term once the directors out of Fidelity Mutual Holding Company. Brian Cirelli, Patricia Leonhardt and you can Ronald Marchetti have been lso are-chose just like the directors from Fidelity Shared Holding Business for a about three-seasons label, and you may Maureen Marshall try re also-decided on as the a manager off Fidelity Common Carrying Organization to possess a great one-season name. Alvin Collins was elected in order to Clerk from Fidelity Mutual Holding Providers having a one-year term, and you may Judy Khallady was opted for to help you Assistant Clerk off Fidelity Shared Carrying Team for just one-season title.

Growing on last year’s production of the new Fidelity Lender Addition and you will Diversity Consultative Panel, the financial institution create addition and you will diversity needs having visitors purchase and you can colleague employing and written a provider Government Rules to make certain inclusion and range one of businesses that have whom the lending company really does providers.

Within the 2021, Fidelity Financial proceeded to help with brand new groups due to their Community Dividend System from the support over 220 causes totaling more than $400,000. Organizations choosing efforts during the 2021 included Indian Slope Sounds regarding Littleton (in the near future are Groton Hill Musical Heart when the company reveals their brand new home into the Groton) to help with outreach applications and offer grants for college students during the public universities round the Fidelity Bank’s service urban area and additionally Entrepreneurship for All, Inc. , Black Package Theatre , Heywood Medical care , Dependent Base , WooSox Basis , People Council , NewVue Groups, Inc. , The brand new Excel Initiative while the Worcester County Dinner Bank to name a few, along with numerous reasons marketed as a result of Fidelity Bank’s each week Caring Relaxed Fridays. 75 billion given that system are renamed when you look at the 2013.