Best of Bauer Chelsea Groton Bank Thriving in the Face of Adversity
BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly announced that Chelsea Groton Bank, New London County, Connecticut has once again been awarded its highest (5-Star) rating for financial strength and stability. That means that, even in the current climate, Chelsea Groton Bank is able to excel in such areas as capital adequacy, profitability and asset quality. Earning and maintaining this top rating for 106 consecutive quarters, especially now, makes this accomplishment even more significant. A “Best of Bauer Bank” designation is bestowed upon those banks, like Chelsea Groton Bank, that have earned and maintained Bauer’s highest 5-Star rating for at least 25 consecutive years.
“Chelsea Groton Bank is proof that some banks are able to thrive even in the face of substantial adversity. And we know the secret. As your local, community bank, Chelsea Groton Bank has a deep understanding of the needs and conditions of this area, perhaps better than anyone,” reflects Karen Dorway, president of BauerFinancial. “In times of need, community banks coalesce with the community itself and work toward one common goal, making it to the other side. Chelsea Groton Bank has been committed to the people and businesses in this community since 1854 and its dedication is stronger than ever.”
Chelsea Groton Bank was established in 1854 and has been working side by side with neighbors and friends for 166 years. Today, its guiding principles and can-do attitude are more important than ever as Chelsea Groton continues to be there for the people and businesses in the community. 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.