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Local bank consolidation: Community banks look for like-minded partners

Sometimes banks opt to consolidate in order to offer their clients access to bigger loans and better resources, while other times they unite as a competitive strategy against banks with more assets. ....

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Fidelity Bank announces 2020 financials at annual meeting

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. ....

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