Fidelity Bank Announces 2023 Strong Mortgage Lending Market Share Results

8/20/2024

Fidelity Bank is pleased to announce the release of its 2023 Mortgage Lending Market Share Summary, highlighting the remarkable achievements of the previous year in Lackawanna, Luzerne, Wyoming, Lehigh, and Northampton Counties. Notably, Fidelity Bank secured the top position as the number one residential mortgage lender in Lackawanna County.

While mentioning this accomplishment, President and CEO, Daniel J. Santaniello, stated, "When reflecting on our performance, I take pride in observing the growth and success we've achieved across the counties we serve." He continued, "Our team has built strong relationships, consistently supports local communities, and has implemented effective strategies to achieve this milestone, benefiting our customers and driving progress."

In Lackawanna County, Fidelity Bank captured 9.3% of the total volume for the year, reaching $47.5 million-outperforming the second-place competitor by $13.6 million, or 40%. This showcases Fidelity's leadership in the local market, making it the only bank to rank among the top 5 overall.

Additionally, Fidelity Bank performed exceptionally well in Luzerne, Wyoming, Lehigh, and Northampton Counties, capturing 2.5% totaling $135.7 million and 587 units across all counties.

These achievements highlight Fidelity Bank's ongoing commitment to delivering exceptional service. The 2023 market share summary reflects the culmination of these efforts and serves as a catalyst for future success and growth.

*Based on 2023 HMDA (Home Mortgage Disclosure Act) data.

About Fidelity Bank

Fidelity Bank has built a strong history as a trusted financial advisor and continues its mission of exceeding client expectations through a unique banking experience. It operates 21 full-service offices throughout Lackawanna, Luzerne, Lehigh, and Northampton Counties, along with a limited production commercial office in Luzerne County and a Fidelity Bank Wealth Management Office in Schuylkill County. Fidelity Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app, and in the Client Care Center at 1-800-388-4380. Part of the Company's vision is to serve as the best bank for the community, which was accomplished by having provided over 5,983 hours of volunteer time and over $1.36 million in donations to non-profit organizations directly within the markets served throughout 2023. Fidelity Bank's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.