Fidelity Co-operative Bank
Leominster, Massachusetts, Worcester County
$1.3B in total assets, the 860th largest of 4,309 US banks and 41st of 95 headquartered in Massachusetts.
- FDIC certificate
- 26451
- Established
- 1888
- Owned by
- Mutual Bcorp
- Primary regulator
- FDIC
- Website
- www.fidelitybankonline.com
At a glance
Compared with 46 banks headquartered in Massachusetts with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.3B | 22% | $2.0B | |
| Loans | $963M | 20% | $1.5B | |
| Deposits | $1.1B | 24% | $1.7B | |
| Return on assets | -0.64% | 2% | 0.72% | |
| Net interest margin | 4.29% | 94% | 3.02% | |
| Efficiency ratio | 68.6% | 41% | 69.8% | |
| Equity to assets | 12.36% | 76% | 10.84% | |
| Loans to deposits | 86% | 13% | 100% |
Growth
Total assets grew 1.8% a year over the last 5 years and 5.2% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2020 | Family Federal Savings, F.A. Fitchburg, MA | $93M |
| Apr 2018 | Colonial Co-operative Bank Gardner, MA | $65M |
| Apr 2016 | Barre Savings Bank Barre, MA | $153M |
| Mar 1998 | Shirley Co-operative Bank Shirley, MA | $25M |
Where they operate
13 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Worcester County, MA | $945M | 4.2% | 10 of 26 |
| Middlesex County, MA | $107M | 0.1% | 35 of 42 |
| Norfolk County, MA | $64M | 0.1% | 34 of 35 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 5 branches since 2016 (8 to 13, +62.5%). 1 opened, 8 acquired, 4 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 8 | |||
| 2016 | Acquired Barre Savings Bank | 3 | 0 | +3 | 11 |
| 2018 | Acquired Colonial Co-operative BankOpened Worcester, closed Gardner | 3 | 1 | +2 | 13 |
| 2020 | Acquired Family Federal Savings, F.A.Closed Leominster | 3 | 1 | +2 | 15 |
| 2021 | Closed Stow | 0 | 1 | −1 | 14 |
| 2025 | Closed Leominster | 0 | 1 | −1 | 13 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 39% | 46% | |
| Commercial real estate | 29% | 26% | |
| Business (C&I) | 17% | 7% | |
| Multifamily | 9% | 10% | |
| Construction and land | 5% | 7% | |
| Consumer | 2% | 2% | |
| Other | 0% | 1% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 60% | 52% | |
| Noninterest-bearing | 22% | 16% | |
| Time deposits | 18% | 32% |
Brokered deposits are 2.7% of deposits (peers 3.8%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 4.44% | 0.58% |
| Net charge-offs, annualized | 1.80% | 0.01% |
| Reserves to loans | 1.79% | 0.84% |
| Leverage ratio | 9.86% | 11.19% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Massachusetts
Largest competitors in Worcester County, MA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/fidelity-operative