Fidelity Bank Paid “Community Dividend” of $250,000 to Central Mass. Charities and Causes in 2015

Published: March 25, 2016

LEOMINSTER, Mass., March 25, 2016 – Fidelity Bank paid a LifeDesign Community Dividend of more than $258,000 to 150 community organizations, events, and causes in Central Massachusetts last year. The Community Dividend is part of the bank’s LifeDesign promise and mission to help improve the quality of life of its clients, communities, and employees.

The Community Dividend includes contributions and sponsorships that invest in the region’s future. Dividends support education, health initiatives, youth and senior organizations, cultural centers, chambers of commerce, and other causes that are critical to the region’s quality of life.

“We always strive to do the right thing for our clients, communities, and employees. The LifeDesign Community Dividend extends our LifeDesign promise,” said bank Chairman and CEO Ed Manzi. “Unlike a publicly owned company that pays dividends to shareholders, we are mutually owned and instead pay dividends to the community.”

Some of the organizations that received the 2015 Community Dividend were the Friends of Sweetpea Animal Shelter, City of Leominster for the 100th Anniversary Celebration, Mount Wachusett Community College.  Also, Twin Cities CDC, Gardner Visiting Nurses Association, Becker College and March of Dimes.  
Others included Montachusett Home Care, Health Alliance Foundation, Heywood Hospital, Quinsigamond Community College Foundation, Horace Mann Educational Associates, Boys & Girls Club of Worcester, and Boys and Girls Club of Fitchburg and Leominster.

The largest single recipient was The SHINE Initiative, which spotlights mental illness in young people as a mainstream health issue. Founded by Fidelity Bank employees in 2004, The SHINE Initiative is based at the bank’s Leominster headquarters.

“Thanks to Fidelity Bank’s unwavering commitment, we’ve raised more than $1 million over the years to promote youth mental health and fight mental illness,” said SHINE Initiative Executive Director Paul Richard. “Their support lets us expand our services and staff. We’re reaching more young people and adults who work with them than ever before.”

About Fidelity Bank
Fidelity Bank – one of the oldest and continually growing independent, local community banks in Central Massachusetts – offers a full range of banking, investment, and insurance solutions across seven full-service offices in Leominster (2), Worcester, Fitchburg, Gardner, Millbury, and Shirley.

Fidelity Bank believes that everyone – their clients, employees, and community members – deserve the opportunity to grow, improve, and realize their hopes and dreams. They do this through LifeDesign, their unique way of doing business and the promise they make to be caring, trusted friends and help their clients, employees, and community members get where they want to be.

Since 1888, the bank has continued this commitment to the businesses, families, and individuals in the communities it serves; in turn, loyalty demonstrated by members of these cities and towns has allowed the bank to become one of the strongest financial institutions in the region. As of December 31, 2015, Fidelity Bank has total assets of $622 million. The FDIC and the Share Insurance Fund insure 100% of all deposits. Equal Housing Lender. Member FDIC. Member SIF.