/PRNewswire/ Mutual Bancorp, the parent company of Cape Cod 5 headquartered in Hyannis, MA, announced that it has officially completed the planned merger.
The bank’s growth in assets mainly came from securities, which rose $84 million from the 2020 fiscal year, and net loans, which increased by $48 million.
Courtesy of Fidelity Bank
The year 2020 was a unique year for Fidelity Bank as the global pandemic created an unexpected shift in the world as we knew it.
While the year presented unprecedented challenges related to the pandemic, Fidelity Bank remained focused on its newly-refined LifeDesign Banking approach of helping clients, colleagues and community members get where they want to be by providing the clarity needed to make informed decisions in the face of an uncertain future.
The community bank, with headquarters in Leominster and 14 full-service offices, grew by 14.4 percent reaching total assets of $1.1 billion, which is up from $972 million in 2019.