Fidelity Bank's growth lands it in top 10% nationally
Photo | Courtesy
Ed Manzi, CEO of Fidelity Bank
Fidelity Bank's assets grew by 14% last year, landing it in what the Leominster bank says is in the top one-tenth nationally in growth rates.
Fidelity's assets grew by $116 million to $935 million, the bank reported Wednesday.
The bank said it provided more than $129 million in commercial loans in 2018, and more than $132 million in mortgages and home equity loans. Fidelity opened its second Worcester branch last September at a high-profile location on Front Street downtown, where Fidelity said more than $40 million in new deposits were made in just four months.
In 2018, Fidelity completed its merger with Colonial Co-Operative Bank of Gardner and reopened branches in Gardner and Paxton after renovations. The new Gardner location is a former Colonial Co-Operative branch, with Fidelity closing its former branch in the city.
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