{"id":8473,"date":"2018-11-12T13:31:00","date_gmt":"2018-11-12T18:31:00","guid":{"rendered":"https:\/\/www.northcentralmass.com\/?p=8473"},"modified":"2018-11-09T15:18:09","modified_gmt":"2018-11-09T20:18:09","slug":"fidelity-bank-supports-new-micro-loan-fund","status":"publish","type":"post","link":"https:\/\/www.northcentralmass.com\/es\/fidelity-bank-supports-new-micro-loan-fund\/","title":{"rendered":"Fidelity Bank Supports New Micro-Loan Fund"},"content":{"rendered":"

Fidelity Bank has made good on its promise to support small local businesses in the communities of Gardner and Winchendon in recognition of the completion of its merger with Colonial Co-Operative Bank, which had branches in those communities prior to the merger. The merged state chartered, mutually owned financial institution has combined assets of approximately $900 million.<\/span><\/p>\n

\u00a0<\/span>Fidelity Bank has committed to earmark $300,000 for the establishment of a micro loan fund, to be called The Colonial Bank Loan Fund- a Fidelity Bank Endowment. \u201cWe want to honor Colonial Co-operative Bank\u2019s prior commitments to the people of Gardner and Winchendon,\u201d said Fidelity Bank Chairman & CEO Edward F. Manzi Jr. \u201cIt aligns well with our LifeDesign promise of being a team of caring people, who take a caring approach, to provide caring solutions.\u201d<\/p>\n

The fund will be managed by the North Central Massachusetts Development Corporation (NCMDC), an affiliate of the North Central Massachusetts Chamber of Commerce, to provide the loans to small businesses in the city of Gardner and the towns of Winchendon and Templeton. <\/span>\u201cWe are very excited to be partnering with Fidelity Bank on the establishment of the new Colonial Bank Loan Fund,\u201d said Roy M. Nascimento, CCE, IOM, President & CEO of the North Central Massachusetts Chamber of Commerce.\u00a0 \u201cThese funds will go a long way in providing local entrepreneurs with the critical infusion of capital that they will need to take their business from dream to reality.\u201d<\/p>\n

The Greater Gardner Chamber of Commerce will partner with NCMDC to promote the loan fund to businesses in the area. \u201cWe are pleased to promote the fund as a resource for new businesses to accelerate their ideas and achieve their ambitions. In large part, small businesses are driving the economic growth in the Greater Gardner region\u201d said Carol Jacobson, President & CEO of the Greater Gardner Chamber of Commerce. \u201cIt is also a fitting tribute to Colonial Co-operative Bank\u2019s rich history of supporting businesses and citizens in Gardner and surrounding towns for more than a century.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

Fidelity Bank has made good on its promise to support small local businesses in the communities of Gardner and Winchendon in recognition of the completion of its merger with Colonial Co-Operative Bank, which had branches in those communities prior to the merger. The merged state chartered, mutually owned financial institution has combined assets of approximately […]<\/p>\n","protected":false},"author":1,"featured_media":3576,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-8473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFidelity Bank Supports New Micro-Loan Fund » North Central Massachusetts Chamber of Commerce<\/title>\n<meta name=\"description\" content=\"Fidelity Bank has made good on its promise to support small local businesses in the communities of Gardner and Winchendon in recognition of the completion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.northcentralmass.com\/es\/fidelity-bank-supports-new-micro-loan-fund\/\" 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