{"id":17360,"date":"2022-03-21T10:47:42","date_gmt":"2022-03-21T14:47:42","guid":{"rendered":"https:\/\/www.northcentralmass.com\/?p=17360"},"modified":"2022-03-21T10:47:42","modified_gmt":"2022-03-21T14:47:42","slug":"exchange-authority-announces-relocation-to-worcester","status":"publish","type":"post","link":"https:\/\/www.northcentralmass.com\/es\/exchange-authority-announces-relocation-to-worcester\/","title":{"rendered":"Exchange Authority announces relocation to Worcester"},"content":{"rendered":"<p><i><span data-ogsc=\"black\">Financial services leader moving from Leominster in response to growing market needs<\/span><\/i><\/p>\n<p class=\"x_MsoNormal\"><span data-ogsc=\"black\"><a title=\"https:\/\/exchangeauthority.com\/\" href=\"https:\/\/exchangeauthority.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"0\" data-ogsc=\"\">Exchange Authority,<\/a><\/span><span class=\"x_apple-converted-space\"><span data-ogsc=\"black\">\u00a0<\/span><\/span><span data-ogsc=\"black\">a leading consultant and facilitator for Section 1031 exchanges and a wholly owned subsidiary of<span class=\"x_apple-converted-space\">\u00a0<\/span><\/span><span data-ogsc=\"black\"><a title=\"https:\/\/www.fidelitybankonline.com\/\" href=\"https:\/\/www.fidelitybankonline.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\" data-linkindex=\"1\" data-ogsc=\"\">Fidelity Bank<\/a><\/span><span data-ogsc=\"black\">, today announced the relocation of its offices from Leominster to Worcester.<span class=\"x_apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"x_MsoNormal\"><span data-ogsc=\"black\">All Exchange Authority staff relocated to the Fidelity Bank banking center located at 465 Shrewsbury Street in Worcester, effective February 21, 2022. The organization will continue to offer the same services clients and referral sources have come to know and trust for more than 20 years and will continue to serve all 50 states and the U.S. Virgin Islands.<\/span><span data-ogsc=\"black\">\u00a0<\/span><\/p>\n<p class=\"x_MsoNormal\"><span data-ogsc=\"black\">The move to Worcester comes on the heels of the Exchange Authority experiencing tremendous growth. In 2021, the organization realized a 30 percent increase in total exchanges, and a 48 percent increase in escrow receipts. The $226 million that flowed through the company in 2021 yielded a 37 percent increase in the average daily balance, ending the year with just over $51 million on deposit.<span class=\"x_apple-converted-space\">\u00a0<\/span><\/span><\/p>\n<p class=\"x_MsoNormal\"><span data-ogsc=\"black\">\u201cWhile the decision to move from Leominster was a difficult one, this move will provide us with the opportunity to be closer to our clients and respond to growing market needs,\u201d said John Peculis, President and CEO, Exchange Authority. \u201cWe believe this move better positions us to serve our clients and partners in the financial services industry and also presents the opportunity to work alongside colleagues at the newly-renovated Shrewsbury Street banking center.\u201d<\/span><\/p>\n<p class=\"x_MsoNormal\"><span data-ogsc=\"black\">Fidelity Bank recently completed a state-of-the-art renovation at the Shrewsbury Street banking center which included new offices, an enhanced teller pod experience and upgrades with modernized technology.<span class=\"x_apple-converted-space\">\u00a0<\/span><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Financial services leader moving from Leominster in response to growing market needs Exchange Authority,\u00a0a leading consultant and facilitator for Section 1031 exchanges and a wholly owned subsidiary of\u00a0Fidelity Bank, today announced the relocation of its offices from Leominster to Worcester.\u00a0 All Exchange Authority staff relocated to the Fidelity Bank banking center located at 465 Shrewsbury [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-17360","post","type-post","status-publish","format-standard","hentry","category-member-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exchange Authority announces relocation to Worcester &#187; 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