Fidelity Bank promotes chief lending officer to president
Photo I Courtesy of Fidelity Bank
Joseph Silva, president of Fidelity Bank
Fidelity Bank has named its first new president in nearly 10 years, promoting executive employee Joseph Silva to the Leominster-based institution’s leadership role.
Silva had most recently served as Fidelity’s executive vice president, chief lending officer since 2022. In his new role, he will oversee Fidelity’s growth, managing its client services, community engagement, and philanthropic initiatives, according to a Tuesday press release from the bank.
Silva succeeds Christopher McCarthy who retired in 2024 after having served in the leadership role since 2015.
“Joe embodies our LifeDesign Banking brand promise in a way that few others have,” Edward Manzi, Fidelity chairman and CEO, said in the release. “He is a true advocate for our clients, our communities, and our colleagues, and his ability to lead with care, collaboration, and competence makes him the perfect candidate to take on this role at this moment in Fidelity Bank’s journey.”
Silva originally joined Fidelity in May 2021 as senior vice president, chief commercial banking officer. Since then, he has played key roles within a number of the bank’s development and growth initiatives, including during Fidelity’s ongoing integration of its mutual holding company with Hyannis-based community bank Cape Cod 5 and in managing the bank’s subsidiary, Exchange Authority.
“Fidelity Bank is known for its unwavering commitment to delivering on our LifeDesign promise – providing care, clarity, and confidence to our clients, colleagues, and communities,” Silva said in the release. “As president, I am dedicated to advancing this promise across every aspect of our business and empowering our colleagues as we continue to grow and serve with purpose.”
Silva graduated from the University of Rhode Island with his bachelor’s in interpersonal communications.
Fidelity is conducting a search for its chief commercial banking officer position, the role previously held by Silva.
With $1.2 billion in local deposits as of June 30, 2023, Fidelity Bank is the 11th largest bank in Central Massachusetts when ranked by local deposits, according to data collected by WBJ’s Research Department.
Founded in 1888, the bank operates 13 full-service banking centers in Worcester, Fitchburg, Needham, Gardner, Shirley, Barre, Millbury, Paxton, Princeton, and Winchendon.
Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare and diversity, equity, and inclusion industries.
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