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Fidelity Bank recognized by Forbes as one of America’s Best Banks 2022; listed by Banker & Tradesman as one of the fastest-growing commercial loan providers
Fidelity Bank only central and western Massachusetts-based bank to appear on Forbes list; recognized on Banker & Tradesman Fast 50 list
Leominster, Mass –Fidelity Bank has experienced recognition over the summer for its commitment to client satisfaction and growth. The bank today announced it was named one of Forbes “America’s Best Banks in Each State 2022.” Forbes announced the list on June 21. Additionally, Fidelity Bank was recognized by Banker & Tradesman as one of this year’s Fast 50 in Commercial and Residential Lending. Banker & Tradesman announced the list on August 15.
In an article published by Forbes, more than 26,000 U.S. citizens from all 50 states participated in in-depth interviews, providing an overall satisfaction score, and answering several questions based on six facets of their banking relationship. Forbes reported that only 2.7 percent of all banks nationwide made the cut for the best-in-state rankings.
Fidelity Bank is the only bank based in central and western Massachusetts to appear on this year’s list.
“Part of what makes Fidelity Bank unique is our LifeDesign banking approach of providing care, clarity, and confidence when guiding our clients as they make important financial decisions,” said Ed Manzi, Chairman and CEO, Fidelity Bank. “This recognition is a clear representation of our LifeDesign approach in action and our commitment to building strong, personal relationships with each and every client.”
Banker & Tradesman, a leading publication for news and insights for Massachusetts banking, commercial, industrial, and real estate industries, recently named Fidelity Bank as one of its Fast 50 for Commercial and Residential Lending, placing 13th for number of commercial loans. Fidelity Bank experienced a 133 percent increase in the number of commercial loans, with a total 28 commercial loans in 2022 compared to 12 commercial loans in 2021. The Fast 50 is compiled from data collected by the Banker & Tradesman market share module, ranking the 50 fastest-growing loan providers in Massachusetts, comparing the number and volume of loans from January 1 through June 30, 2021, to the number and volume from the same timeframe in 2022.
“As our commercial loan team works hard to build deep relationships through our LifeDesign approach to banking and C.A.R.E. process, our clients are confident in the decisions they make to help them achieve their goals,” said Joseph Silva, Chief Lending Officer, Fidelity Bank. “Banker & Tradesman is a respected publication in our industry and to be recognized as a Fast 50 is certainly an honor.”
To learn more about the Forbes “America’s Best Banks in Each State 2022” and for a complete listing, visit https://www.forbes.com/best-in-state-banks/#58cd2c4f5873. To learn more about the Banker & Tradesman Fast 50 list, visit https://bankerandtradesman.com/special-sections/banker-tradesmans-fast-50/.
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About Fidelity Bank:
Founded in 1888, Fidelity Bank is one of the strongest independent community banks in Central and Eastern Massachusetts. Fidelity Bank’s unique LifeDesign approach to banking provides the care and clarity needed to make informed decisions with confidence. The Bank offers a range of personal and business banking solutions to clients in 13 full-service banking centers in Leominster, Worcester, Fitchburg, Needham, Gardner, Shirley, Barre, Millbury, Paxton, Princeton, and Winchendon. The Bank has consistently earned a “5 Star” rating from BauerFinancial, Inc., the nation’s leading independent bank rating and research firm. Fidelity Bank has been voted Worcester Telegram & Gazette Best Financial Services in Central Massachusetts and appeared on the Boston Globe’s Top Places to Work list six times. As of December 31, 2021, the bank had total assets of approximately $1.2 billion. For more information, visit fidelitybankonline.com.
