Chelsea Groton Bank Earns BauerFinancial's 5-Star Rating

Groton, CT – BAUERFINANCIAL Inc., the Nation’s Premier Bank Rating Firm, proudly announced that Chelsea Groton Bank has once again earned its highest 5-Star rating. This marks the 89th consecutive quarter that Chelsea Groton Bank has earned this top rating which puts it into an even more elite group of “Sustained Superiority Banks”. This designation is only available to the top 10% of the industry.
 
BauerFinancial has been analyzing and reporting on the nation’s banks since 1983. According to BauerFinancial, “earning a 5-Star rating from Bauer indicates that Chelsea Groton Bank is one of the strongest banks in the nation.” Some of the areas in which it excels are capital, with more than twice the capital than is required by regulators; loan quality, with manageable delinquent loan levels; and profitability, as Chelsea Groton Bank earned $1.417 million in the first quarter 2016 and $5.496 million in 2015.
 
“We’ve been doing this for a long time,” noted Karen L. Dorway, president of BauerFinancial. “We’ve seen the ups and the downs of this industry and the one constant, is that community banks, like Chelsea Groton Bank, continue to shine, even in the toughest times. Knowing their customers is the key to making solid investments into the future of the communities they serve.”
 
Chelsea Groton Bank was established in 1854 and has been providing top quality banking services to its neighbors ever since. Today, Chelsea Groton Bank operates 14 branches in New London County and one Loan Production Office in Hartford County.

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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. Consumers may obtain free star-ratings by visiting bauerfinancial.com.
 
About Chelsea Groton Bank
Based in Groton, CT, Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County and a Loan Production Office in Hartford County. The Bank has over $1 billion in assets and serves businesses, individuals and families throughout Connecticut and Rhode Island. To learn more, please visit chelseagroton.com. Member FDIC.  Equal Housing Lender.

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