Customers – not stockholders! – come first with us

With the recently-announced merger of BankBoston and Fleet, the question we keep hearing is “What is this going to mean to me?”  Basically, the merger will create the country’s 8th largest bank.  Its national headquarters will be in Boston, good news for civic groups who depend on corporate sponsorships.  And, according to the Mass. Bankers Association, “The regulators will require significant divestiture for competitive reasons.”  Which, the Boston papers report, means Fleet Boston will be selling or closing many branches.  So, there are going to be changes for people who have deposits or loans with either bank.  If you also have accounts at Bank Boston or Fleet, maybe you’ll be happy to deal with the changes. But if you’re tired of big bank mergers and the inevitable post-merger period of confusion, maybe it’s time to consolidate your accounts at Fidelity Co-operative.  We offer easy access to your money 24 hours a day, 7 days a week.  Our rates are competitive.  Our people know what they’re talking about.  And, because we are an independent mutual bank, we cannot be taken over or forced into a hostile merger.  Sometimes it seems as if the stockholder-driven big banks see customers as “trading cards” to be passed around to the highest bidder.  Not us!  Our goal and our mission is always to help you get where you want to be.  And if you (or a friend!) want to be out of the way of this oncoming mega-merger, come see us. We’ll talk.

Edward F. Manzi, Jr.

President & Chief Operating Officer

April 1999

 
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