Leominster based Fidelity Bank has shown its support for the communities they serve throughout the COVID-19 pandemic, giving more than $200,000 to various causes through Caring for Our Communities COVID-19 Response Grants. “We all must respond to the needs of our community during a crisis such as the COVID-19 pandemic,” says Fidelity Bank Chairman and CEO Edward F. Manzi Jr. “It’s part of Fidelity Bank’s promise of being a caring bank that supports our community, clients, and colleagues.”
Fidelity Bank’s Colonial Bank Loan Fund allocated $100,000 to the North Central MA Economic Recovery Fund created by the North Central Massachusetts Chamber of Commerce and its economic development arm, the North Central Massachusetts Development Corporation. The fund provides loans to eligible small businesses negatively impacted by the COVID-19 pandemic.
The bank also gave back through other funds set up to address the pandemic. The bank gave $30,000 to Worcester Together: Central Mass COVID 19 Fund. The effort was launched by the Greater Worcester Community Foundation and the United Way of Central Massachusetts in cooperation with the City of Worcester to raise funds to address needs caused by the coronavirus including food, shelter, health, economic security, child nutrition, mental health, and arts and culture. The bank also gave a combined amount of $30,000 to two important funds: The United Way of North Central Massachusetts Stand United COVID-19 Response Fund and Community Foundation of North Central Massachusetts Critical Needs COVID-19 Fund. The bank also did its part to protect local front-line healthcare workers during the COVID-19 pandemic. The bank has donated a total of 6,000 KN95 face masks worth nearly $14,000 to UMass Memorial Medical Center in Worcester, Saint Vincent Hospital in Worcester, Heywood Hospital in Gardner, Central Care Nurses Association, and UMass Memorial HealthAlliance-Clinton Hospital with locations in Fitchburg, Leominster, and Clinton. On May 8, Fidelity Bank provided free lunches to 400 employees at six of UMass Memorial HealthAlliance’s facilities as well.
In addition, the bank made $18,000 in direct donations to nonprofits and other organizations that have been providing food and other forms of aid to people affected by the COVID-19 pandemic in the communities where Fidelity Bank has its 14 full-service offices.
The money comes from Fidelity Bank’s LifeDesign Community Dividend, which donated more than $330,000 to more than 250 worthy organizations in Central Massachusetts last year. Fidelity Bank has given out more than $2 million since the dividend program was formally named in 2013.
About Fidelity Bank:
Founded in 1888, Fidelity Bank is one of the oldest independent community banks in Central Massachusetts. Fidelity Bank’s exclusive LifeDesign approach offers a range of banking, investment, and insurance solutions to clients in 14 full-service offices in Leominster, Worcester, Fitchburg, Needham, Gardner, Stow, 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. In 2018, Fidelity Bank was voted Worcester Telegram & Gazette Best Bank in Central Massachusetts and Best Financial Services. It was also named Best Bank by both Leominster Champion and Baystate Parent for 2018. It has been recognized by the Worcester Business Journal as a Top Workplace and in 2019 named to the Boston Globe’s Top Places to Work list for the fifth time. As of March 31, 2020, the bank had total assets of approximately $1.2 billion. For more information, visit www.fidelitybankonline.com or www.facebook.com/fidelitybankma