Best of Bauer Chelsea Groton Bank Indisputably One of the Nation’s Strongest Banks
BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, commends Chelsea Groton Bank on its achievement of another 5-Star Superior Rating. Not only has Chelsea Groton Bank earned Bauer’s highest (5-Star) rating for financial strength and stability, it has maintained that top rating for 104 consecutive quarters, sailing through one of the most trying economic times of our lifetimes and giving it an added designation of “Best of Bauer Bank”. This status is reserved solely for banks that have earned Bauer’s highest rating consistently for a minimum of 100 consecutive quarters. It also indicates that Chelsea Groton Bank is indisputably one of the strongest banks in the nation.
“As the president of BauerFinancial, I am often asked what it takes to be a 5-Star bank,” reflects Karen Dorway, president of the research firm. “Like so many other things in life, success in banking boils down to knowledge. Knowledge of banking, of course, but knowledge of its customers and the communities the bank serves are equally important. This intimacy enables the bank to work with customers for a common goal. It’s what gets so many community banks, like Chelsea Groton Bank, through the tough times unscathed.”
Chelsea Groton Bank was established in 1854 and has been working side by side with neighbors and friends for 166 years, helping to make the community what it is today. Currently, Chelsea Groton Bank operates through 14 retail bank branches in Southeastern Connecticut, a lending office in Hartford County, and 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.