Worcester Business Journal

4 Worcester Business Journal | September 22, 2025 | wbjournal.com BY ERIC CASEY WBJ Managing Editor E d Manzi is retiring as chairman & CEO of Fidelity Bank, aer having led the Leominster-based financial institution for over 28 years. "is bank has been a big part of my and my family's life for the past 35 years," Manzi wrote in the LinkedIn post on Sept. 5. "Helping clients, colleagues, and communities gain the clarity they need to move forward with confidence has been the greatest honor and privilege of my life. It has been so rewarding to help people get where they want to be." Manzi, who was inducted into the WBJ Hall of Fame in 2018, wrote in a LinkedIn post on the completion of Fidelity's merger with Hyannis-based bank Cape Cod 5 was a good moment for him to retire. at $7-billion merger first announced in 2023 saw the parent companies of the two banks join forces, while the branding and branches for Fidelity and Cape Cod 5 remains separate. Matt Burke, chairman and CEO of Cape Cod 5, is the leader of the merged parent company. "is partnership has positioned both organizations for continued growth and success, and I'm confident our clients will continue to receive the exceptional service they deserve," Manzi wrote in his LinkedIn post. Manzi started serving as president & CEO of Shirley Cooperative Bank in 1990 and then joined Fidelity in 1997 when Shirley merged with I N B R I E F Orthodontics acquisition "Joining Corus allows us to con- tinue delivering exceptional care while gaining the benefits of cen- tralized support, collaboration, and innovation. Being part of this doctor-led network enhances our ability to serve our patients and communities for many more years to come." Ferdinand Sabelis, head of Sturbridge Orthodontics, on Sept. 10 about his firm being acquired by Corus Orthodontists, a firm based in Toronto expanding its operations into the U.S. Hockey puppy "September is National Service Dog Month, and we look forward to welcoming the Railers pup into the office later this month. Upon completion of this program, the Railers pup will make a meaningful difference in the life of a veteran or a first responder with disabilities." Kim Golinski, president of the Worcester Railers Hockey Club, on Sept. 2 about the new puppy the team adopted to train as a service dog as part of its community outreach efforts. Pictured is the puppy, Deke, who was named following a fan contest. $50M investment "This $50-million growth equity commitment marks a pivotal moment in our evolution, and we are thrilled to have Act III reaffirm its commitment to Level99 … Their continued confidence enables us to move faster, sign the best projects, and build Level99 into a category-defining entertainment brand." Matt DuPlessie, founder and CEO of Natick-based entertainment firm Level99, on the investment received from the equity firm led by the founder of Panera Bread to expand Level99 to more locations Ed Manzi, longtime CEO of Fidelity Bank, to retire Fidelity. Manzi graduated from Bentley University with a MBA in finance in 1992 and a master's degree in accounting from UMass Lowell in 1982. His retirement comes aer Fidelity in January promoted Joseph Silva to president from chief lending officer. Silva is the first new president at Fidelity in 10 years, as he is taking over for Christopher McCarthy, who retired aer serving in the role since 2025. "Joe embodies our LifeDesign Banking brand promise in a way that few others have," Manzi said in the January press release announcing Silva's promotion. "He is a true advocate for our clients, our communities, and our colleagues, and his ability to lead with care, collaboration, and competence makes him the perfect candidate to take on this role at this moment in Fidelity Bank's journey." Fidelity Bank had $1.3 billion in local deposits and $1.6 billion in total assets as of June 2024, making it the 11th largest bank in Central Massachusetts, according to data provided to the WBJ Research Department. e bank has 177 employees across 14 branches. "ank you to everyone who has been part of this incredible journey. Here's to new beginnings and the bright future ahead for all of us," Manzi wrote. WBJ Editor Brad Kane contributed to this story. Ed Manzi, the retiring chairman and CEO of Fidelity Bank W

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