Chelsea Groton CEO Michael Rauh Appointed to ABA Board of Directors, ABA Committees

B. Michael Rauh, President and CEO of Chelsea Groton Bank, was one of six bankers across the nation to be recently elected to a three-year term on the American Bankers Association (ABA) Board of Directors. He has been appointed to the ABA’s Mutual Institutions Council Administrative Committee for a one-year term, and after serving two years on the ABA Communications Council, was named vice-chair. He also serves as Connecticut’s representative to the Community Bankers Council.

The ABA’s Board of Directors represent financial institutions of different sizes, charters and business models from across the country. The Board works collaboratively with the ABA staff to advocate for banks before Congress, the regulatory agencies and the courts to drive pro-growth policies that help customers, clients and communities thrive, and to support ABA members by providing access to expertise, tools and training resources.

“I’m honored to be elected to the ABA’s Board of Directors, and to be able to serve on committees as well,” shared Rauh, President and CEO of Chelsea Groton Bank. “The ABA has been an invaluable resource for my colleagues, customers and myself throughout my career in banking. To serve alongside other leaders in the industry is exciting, and I look forward to continuing to work to advocate for policies and resources that will help our community during this time of recovery.”

The Administrative Committee provides advice and counsel to ABA on issues of interest to mutual institutions in between meetings of the full Mutual Institutions Council, and helps plan and lead the meetings and activities of the Council. As a part of the Committee, Rauh will help review all aspects of statutory, regulatory and marketplace influences on the status and role of the mutual form of organization for depository institutions. The Committee is also responsible for considering all aspects of corporate governance and the balancing of stakeholder interests under both state and federal banking institutions and tax law.

Rauh has served on the ABA’s Communications Council since 2018. The Council provides guidance, tools and support to bankers across the nation on the topics and issues most important to communicate to Bank employees and customers. As vice chair, Rauh will work with ABA leadership to develop the organization’s strategic approach to communications of critical issues to the industry.

Rauh also serves on the boards of the Eugene O’Neill Theater Center, The Yale New Haven Health System, the Norwich Free Academy Foundation, the Norwich Community Development Corporation, URI Harrington School of Communication and Media, and the Providence Mutual Insurance Company, in addition to the Chelsea Groton Bank board and Chelsea Groton Bank Foundation board.

About Chelsea Groton Bank
Based in Groton, Conn., Chelsea Groton Bank is a full-service mutually owned bank with over $1.4 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 programming. 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 Member FDIC. Equal Housing Lender. NMLS Institution ID 402928.