Fidelity Bank, a community bank headquartered in Leominster with 14 full-service offices in central Massachusetts including Gardner, Winchendon, Fitchburg, and two branches in Worcester, received the top rating from the nation’s leading independent bank rating and research firm. BauerFinancial recognized Fidelity Bank as a 5-Star “Superior” bank. A 5-Star rating indicates that Fidelity Bank is one of the strongest banks in the nation and again places it on BauerFinancial’s Recommended Report.
“This rating reflects our overall financial strength and the vigilant efforts we put towards maintaining the safety and security of the bank, which has been so important during the COVID-19 pandemic.” says Edward F. Manzi Jr., Fidelity Bank Chairman and CEO. “Our clients should feel very well protected and we are proud to give them the clarity they need to make informed decisions and move forward with confidence.”
Fidelity Bank was evaluated in several areas, including capital quality, asset quality, and profitability. No institution pays BauerFinancial to rate it, nor can it choose to be excluded. In addition to this strong rating, clients of Fidelity Bank also benefit from 100% of their deposits being insured by the FDIC and the Depositors Insurance Fund (DIF).
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 14 full-service offices in Leominster, Worcester, Fitchburg, Needham, Gardner, Stow, Shirley, Barre, Millbury, Paxton, Princeton, and Winchendon. Fidelity Bank has been voted Worcester Telegram & Gazette Best Bank in Central Massachusetts and Best Financial Services, Best Bank by both Leominster Champion and Baystate Parent, and it has been recognized by the Worcester Business Journal as a Top Workplace. In 2019 Fidelity Bank was named to the Boston Globe’s Top Places to Work list for the fifth time. As of June 30, 2020, the bank had total assets of approximately $1.15 billion. For more information, visit www.fidelitybankonline.com or www.facebook.com/fidelitybankma