June 25, 2021
GROTON, Connecticut – Chelsea Groton Bank has again been awarded the highest rating (5 stars) for financial strength and stability from the nation’s leading bank rating company, BauerFinancial, Inc. In order to achieve the 5 star rating, the Bank underwent a rigorous and independent analysis of its financial situation and came out on top. Chelsea Groton Bank has the strength to support its community as it consistently excels in areas such as capital strength, profitability, asset quality and more. This is the 109th consecutive quarter that Chelsea Groton has achieved this top rating, earning her an even higher designation as “Best of Bauer Bank”. This distinction is reserved only for institutions that have achieved Bauer’s 5-star rating consistently for 25 consecutive years, or more.
“One thing has been made clear over the past year and a half is that a bank is neither a building nor a technology. While both are good and necessary, it’s the people behind the walls and the technology that make a bank what it is. They are also what made Chelsea Groton Bank such an invaluable resource for the community. Chelsea Groton Bank employees have demonstrated extraordinary dedication and commitment to customers and the community, ”notes Karen Dorway, President of BauerFinancial. “Community banks, like Chelsea Groton Bank, help their neighbors in good times and bad. And Chelsea Groton Bank employees have done an admirable job, maintaining a clean balance sheet.”
Chelsea Groton Bank was established in 1854 and has been a source of strength for neighbors and friends across the community for 167 years. Whether in a branch, over the phone or online at chelseagroton.com, the 5-star Chelsea Groton Bank is ready, willing and able to serve individuals, businesses and organizations across the region.
BAUERFINANCIAL, Inc., Coral Gables, Fla., The nation’s leading independent bank and credit union rating and research firm, has published and analyzed the performance of U.S. banks and credit unions since 1983. No institution can pay or withdraw from a financial BauerNotation. Star ratings are all available free of charge at bauerfinancial.com.
About Chelsea Groton Bank
Based in Groton, Connecticut, Chelsea Groton Bank is a full-service joint bank with more than $ 1.4 billion in assets. Chelsea Groton Bank’s products and services include personal banking, business banking, mortgage and business lending, cash management, financial planning, and financial education courses. With 14 branches in New London County and a loan production office in Hartford County, Chelsea Groton Bank also offers online and mobile banking, 24-hour telephone banking, and over-the-counter banking services. nationwide automatic systems for individuals, families and businesses. For more information, please visit ### a href = “https://patch.com/connecticut/norwich/www.chelseagroton.com “class =” redactor-linkify-object “> http://www.chelseagroton.com/” … . FDIC member. Equal housing lender. NMLS establishment number 402928.
This press release was produced by Greater Norwich Region Chamber of Commerce. The opinions expressed here are those of the author.