Chelsea Groton Recognized as one of the Top 200 Healthiest Banks in America
“Being recognized as one of the healthiest banks in the country is a great distinction,” said President and CEO Michael Rauh. “Our achievements stem from our very simple philosophy of “mutual success”, it’s about making good decisions based on what our customers desire, so we are constantly working to fulfill their needs and thus help them be successful. Everything we do, from creating new products and services, to providing new tools and technology, to delivering friendly, expert service, and supporting the local community revolves around this enduring business philosophy.”
Chelsea Groton Bank has also been recognized for 83 consecutive quarters as one of the strongest financial institutions in the country with a five-star rating by BauerFinancial, the nation’s leading independent bank and credit union rating firm.
About Chelsea Groton Bank
Based in Groton, Conn., Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County. The bank has $935 million in assets and serves businesses, individuals and families throughout Eastern Connecticut and Southern Rhode Island. To learn more, please visit chelseagroton.com. Member FDIC.
Chelsea Groton Bank announced it is ranked 149th out of 6,500 banks across the United States by depositaccounts.com, which recognizes financial institutions who demonstrate exceptional fiduciary responsibility. Each year, deposit accounts.com evaluates the financial health of every federally insured bank in the United States, more than 6,500 in total. Each institution is graded on a number of factors including: capitalization, deposit growth, and loan to reserve ratios in order to determine a health score. Chelsea Groton is the only Connecticut based bank named to this list.