Fidelity Bank to Share Tax Reform Benefits with Employees, Clients, & Community

Sunday, February 18, 2018
GoLocalWorcester Business Team

Edward Manzi jr

Fidelity Bank is haring the benefits it receives from the corporate rate going from 35 percent to 21 percent with its employees, clients, and community.

“We see tax reform as an opportunity to show our deep commitment to our three key constituencies–our valued employees, our community, and our clients. It is a great reflection of our LifeDesign promise, which is an unwavering commitment to use our heads and hearts to do the next right thing that helps everyone get where they want to be,” said Edward F. Manzi, Jr. Chairman and CEO of Fidelity Bank.

Sharing Benefits

The local community bank will give all staff below the Vice President level a bonus of $500.

Officials have decided to increase the minimum wage at Fidelity Bank to $14.25 per hour with a commitment to reach $15 per hour by 2020. 

Fidelity Bank is also allocating additional funds to its annual LifeDesign Community Dividend, investing the additional money in specific causes that support their community and the markets in which they operate.