June 21, 2021
Fidelity Bank surpasses $1B in assets
Photo | Grant Welker
Fidelity Bank's branch on Worcester's Front Street
Fidelity Bank has surpassed $1 billion in assets since 2019, the Leominster financial institution announced in its 2020 annual report on Thursday.
In total, the bank reported $1.1 billion in assets, up from $972 million in 2019.
At the same time, Fidelity reported it made 449 federal Paycheck Protection Program loans totaling $54.8 million, with all forgiveness applications approved by the U.S. Small Business Administration.
“Our mission of caring deeply and striving to have a positive impact on our family, friends and neighbors served us well as we responded during the pandemic to ensure continuity of business for our clients, and support for our colleagues and communities,” said Ed Manzi, chairman and CEO, in a statement.
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