Chelsea Groton Bank provides $3.5 million in financing to Eugene O’Neill Theater Center

GROTON, Conn. (March 3, 2014) – The commercial lending group at Chelsea Groton Bank recently provided $3.5 million in financing to Eugene O’Neill Theater Center to build new facilities accommodating an expansion of its National Theater Institute at the O’Neill’s 305 Great Neck Road, Waterford campus. The project will include construction of additional housing, rehearsal and performance space, and provide for renovation of existing facilities.  The new NTI program will focus on musical theater training for undergraduates, providing a one semester intensive in all elements – acting, voice, choreography, direction, dance, and design, and will be unique in the nation.

“Chelsea Groton is thrilled to partner with the O’Neill to help them reach more students and professionals with their award winning programs,” stated President and CEO Michael Rauh. “The people there are committed to serving the theatrical community by advancing their skills, opportunities and dreams. Likewise, Chelsea Groton serves our area with a strong, consistent commitment to invest in our community. By putting our extensive lending capabilities to work - for commercial loans big and small - we help our fellow businesses grow and thrive.”

For more information about Chelsea Groton’s commercial lending programs contact Anthony Joyce, Senior Vice President, Commercial Lending Manager at ajoyce@chelseagroton.com or 860-448-4107.

 

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