Fidelity Bank promotes Richard Fay to Senior Vice President, Chief Financial Officer
Fidelity Bank promotes Richard Fay to Senior Vice President, Chief Financial Officer
Fay to oversee financial reporting, policies, compliance
(Leominster, Mass.) Fidelity Bank today announced the promotion of Richard Fay to Senior Vice President, Chief Financial Officer. In this role, Fay will be responsible to identify strategic financial opportunities, implement operational efficiencies, oversee financial and regulatory reporting while monitoring policies to ensure compliance. He previously held the title of Senior Vice President, Director of Finance and Accounting.
He came to Fidelity Bank in 2023 following a 17-year career at Wolf and Company, a national CPA and advisory firm, where he served as Principal.
“During his time with Fidelity Bank, Richard has delivered a unique banking perspective for our team due to this many years in the field,” said Ed Manzi, Jr., chairman and CEO, Fidelity Bank. “He is committed to ensuring our teams work well together, maintaining our professional standards, and abiding by our LifeDesign promise of providing care, clarity, and confidence in all that we do.”
A Certified Public Accountant, Fay earned a master’s degree in accounting from Northeastern University, and a bachelor’s degree in business administration from Bryant University.
A resident of Walpole, Fay is currently training to run the 2024 Boston Marathon in support of the Joe Andruzzi Foundation.
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About Fidelity Bank:
Founded in 1888, Fidelity Bank is one of the strongest independent community banks in Central and Eastern Massachusetts. For more than 20 years, Fidelity Bank’s unique LifeDesign approach to banking is a promise to provide 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 13 full-service banking centers in Leominster, Worcester, Fitchburg, Needham, Gardner, 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. Fidelity Bank was the only bank in Central and Western Massachusetts recognized as one of Forbes “America’s Best Banks in Each State 2022,” in addition to being voted Worcester Telegram & Gazette Best Financial Services in Central Massachusetts and placing on the Boston Globe’s Top Places to Work list six times. As of December 31, 2023, the bank had total assets of approximately $1.5 billion. For more information, visit fidelitybankonline.com.
