BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, announced Chelsea Groton Bank has earned its highest, 5-Star rating for 117 consecutive quarters. Having maintained its financial strength and stability through three recessions, a housing bubble, and a pandemic, Chelsea Groton has also earned a “Best of Bauer Bank” designation, an honor reserved solely for those banks that have earned and maintained a 5-Star Rating for 100 consecutive quarters or longer. This latest rating was awarded in June 2023 based on March 31, 2023 financial data and signifies that Chelsea Groton Bank continues to be one of the strongest banks in the nation. BauerFinancial 5-Star Rating for Strength and Stability Again Awarded to Chelsea Groton Bank
“Bank with an institution that you can trust will be there for you when you need it,” suggests Karen Dorway, president of BauerFinancial. “We’ve all seen what can happen. Banks that are not well-rounded can run into trouble in a very short time. BauerFinancial’s star-ratings take into account a broad range of current and historical data to minimize that risk. That’s how Chelsea Groton’s continued 5-Star status differentiates it from other banks you may have heard about in the news... who you bank with does matter.”
Established in 1854, Chelsea Groton Bank has been a source of strength and stability for the community for nearly 169 years. Visit Chelsea Groton at a branch, on the phone, through the Chelsea LIVE video banking app, or 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 $1.5 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 www.chelseagroton.com. Member FDIC. Equal Housing Lender. NMLS Institution ID 402928.
