The entire year 2021 is a keen historical year getting Fidelity Financial because yearly performance surpassed standard and additionally solid growth in industrial fund and you may dumps. The financial institution stayed worried about their LifeDesign Banking strategy out-of enabling clients score where they would like to become by giving the new clarity, depend on, and you will worry wanted to build advised conclusion regarding their financial coming. Fidelity Financial shared its 2021 monetary study and area progress in the the Fidelity Bank Common Carrying Providers annual appointment into the April 19.

Fidelity Lender gave aside everything $2

While we know the best year inside our 133-year background, we are pleased to those that have top us to book them on economic achievement, said Ed Manzi, Chairman and you can Ceo, Fidelity Financial. The results are a real testament for the relationship your associates who offer solution properly and develop creative issues to address the newest evolving need of one’s subscribers.

• Fidelity Bank’s LifeDesign means try put so you can 2,398 the latest buyer homes into the 2021 and 392 organizations to own a great overall out-of dos,790 the brand new deposit membership.
• Educated over $398 million for the brand new loan creation by providing organizations $138 billion in industrial fund, up off $93 billion into the 2020, and most $229 million for the mortgages and you may household guarantee finance, causing a more than 10 % increases.
• Conclusion off another round away from 291 Salary Protection Program (PPP) finance totaling $twenty-five.nine billion, having a two-season total total away from 738 fund resulting in $80.4 million in PPP finance.
• Development of $43.nine mil when you look at the merchandising places of all over all of the providers areas, as well as consumer, providers and municipal.
• Exchange Power, the leading agent and you will facilitator for Area 1031 transfers and you may good wholly owned subsidiary away from Fidelity Bank, knowledgeable accurate documentation year which have a 30 % boost in subscribers and good 42 percent escalation in the average month-to-month balance. During the 2021, the latest Replace Expert appointed John Peculis so you’re able to Chairman and you will President, and you may launched it moved their offices to your Fidelity Lender Shrewsbury Roadway financial cardiovascular system from inside the Worcester within the .

Dealing with those with care and you will esteem is without question a guiding concept during the Fidelity Bank

He’s Melane Bisbas, Winfield Brownish, Jody Guetter, Michael O’Neal, Roseanne Timmerman, and you can Jonathan Vitale, who will every serve a ten-year identity. Matthew Campobasso, bers, John Flick and you will Ronald J. (Joe) Salois was indeed re-opted in order to serve a great 10-seasons name while the corporators of Fidelity Common Carrying Team. Sheila Harrity, Scott Howard, and you may Mark Puccio retired once the corporators. Winfield Brownish and you may Mary Ritter were decided so you’re able to serve a one-seasons label once the directors off Fidelity Common Carrying Company. Brian Cirelli, Patricia Leonhardt and you can Ronald Marchetti was basically re-decided given that directors out-of Fidelity Common Holding Providers to have a three-seasons name, and you can Maureen Marshall is actually lso are-selected because a manager from Fidelity Common Holding Business to possess a good one-seasons title. loan places Johnson Village Alvin Collins try decided on in order to Clerk away from Fidelity Mutual Carrying Company to have a-one-season title, and you may Judy Khallady was decided on to help you Assistant Clerk out of Fidelity Common Holding Business for 1-year identity.

Expanding into history year’s creation of the new Fidelity Financial Inclusion and you will Assortment Advisory Panel, the financial institution create addition and you can variety aim to have visitors buy and you will colleague choosing and you will composed a provider Government Policy to be certain inclusion and you may diversity certainly one of people which have which the lending company does company.

Inside 2021, Fidelity Lender went on to support the fresh new organizations with the Community Dividend Program by the help over 220 explanations totaling more than $eight hundred,000. Communities researching contributions in the 2021 included Indian Mountain Musical of Littleton (in the future become Groton Slope Audio Center in the event that business opens their new home in Groton) to help with outreach apps and provide grants for students from the personal schools across the Fidelity Bank’s provider city in addition to Entrepreneurship to have All the, Inc. , Black colored Package Theatre , Heywood Healthcare , Reliant Base , WooSox Basis , Area Council , NewVue Teams, Inc. , The new Shine Step while the Worcester County Dinner Lender to mention a number of, and several factors advertised as a consequence of Fidelity Bank’s per week Caring Informal Fridays. 75 million due to the fact program was rebranded within the 2013.