Best of Bauer Chelsea Groton Bank Doing Well While Doing Good
BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly announced that Chelsea Groton Bank, New London County, CT, has again been awarded its highest (5-Star) rating for financial strength and stability. Earning a 5-Star rating indicates Chelsea Groton Bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 105 consecutive quarters, especially in this environment, makes its accomplishment even more impressive. The “Best of Bauer Bank” designation is reserved specifically for banks, like Chelsea Groton Bank, that have earned Bauer’s highest rating consistently for 25 consecutive years or longer.
“That’s a noteworthy accomplishment in the best of times,” boasts Karen Dorway, president of the research firm. “Today, it speaks volumes. How do they do it? A solid sense of community, working one on one, providing solutions to people who need it - that’s the mark of a true community bank. Chelsea Groton Bank’s team members have been right there on the frontlines doing whatever they could to help their neighbors and friends throughout the pandemic. And, they’ve done it all without compromising the strength of the institution itself. That’s doing well while doing good.”
Chelsea Groton Bank was established in 1854 and has been working side by side with neighbors and friends for 166 years. Today, its guiding principles and can-do attitude are more important than ever as Chelsea Groton continues to be there for the people and businesses in the community. Currently, Chelsea Groton Bank operates through 14 retail bank branches in Southeastern Connecticut, a lending office in Hartford County, and online at chelseagroton.com.
About BauerFinancial, Inc.
BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
About Chelsea Groton Bank
Based in Groton, Conn., Chelsea Groton Bank is a full-service mutually owned bank with over $1.1 billion in assets. Chelsea Groton Bank’s products and services include consumer banking, business banking, mortgage and business lending, cash management, financial planning and financial education classes. With 14 branch locations throughout New London County and a Loan Production Office in Hartford County, Chelsea Groton Bank also provides online and mobile banking, 24-hour telephone banking, and nationwide ATM banking for individuals, families and businesses. To learn more, please visit chelseagroton.com. Member FDIC. Equal Housing Lender.
