Chelsea Groton Bank Purchases Building to Better Serve Customers in Hartford County

Chelsea Groton Bank Purchases Building to Better Serve Customers in Hartford County
Groton, CT – Chelsea Groton Bank has purchased a building at 273 Hebron Avenue, Glastonbury. The property will house the Chelsea Groton Lending Center, the Bank’s first Loan Production Office (LPO). Retail and commercial lending personnel will be based in the LPO to better assist individuals, families and businesses in Hartford County with finding financial solutions that best meet their needs. Operations are tentatively scheduled to begin in July.
“Chelsea Groton Bank has long believed in the importance of having a high touch relationship with its clients and an active role in serving our surrounding communities,” said Michael Rauh, President and CEO of Chelsea Groton Bank. “For years, we have offered a wide array of competitive loan products to individuals and businesses throughout Connecticut and Rhode Island, including in Hartford County.  Having a physical presence in the area will enable us to be that much more accessible to residents and businesses.  We are excited about opening this new office and look forward to contributing our time, expertise and financial resources to the Hartford County community.”
The Chelsea Groton Lending Center is currently hiring residential lending experts and a commercial loan officer to help make the long term goals of consumers and businesses a reality. Details about available positions can be found at
Prior to the purchase of the building, the Connecticut Department of Banking approved the opening of the LPO. The approval process included a thorough review of Chelsea Groton’s application and a 10-day public comment period.
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About Chelsea Groton Bank
Based in Groton, Conn., Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County and soon, a Loan Production Office in Hartford County. The Bank has nearly $973 million in assets and serves businesses, individuals and families throughout Connecticut and Rhode Island. To learn more, please visit Member FDIC. Equal Housing Lender.