Best of Bauer Chelsea Groton Bank Supports Its Community with Strength & Stability
Chelsea Groton Bank has earned the prestigious “Best of Bauer Bank” status from BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm. This distinction is reserved solely for institutions that have earned Bauer’s highest (5-Star) rating consistently for at least 25 consecutive years. This is the 111th consecutive quarter that Chelsea Groton Bank has earned a 5-Star rating. Banks who earn this top rating must excel under a rigorous, independent analysis of its financial condition, including a review of capital adequacy, profitability, asset quality and much more.
The Bank holds 19.02% of the deposit market share in New London County, more than any other financial institution with a physical location in the County’s footprint, including national and regional banks.*
“Chelsea Groton Bank, and other community banks like it, are uniquely positioned to help local people and businesses when times are unpredictable,” reflected Karen Dorway, president of BauerFinancial. “As an integral part of the community, community bankers have the intimate knowledge of exactly how given circumstances may affect neighbors and friends. That knowledge, combined with the ability to think, act and react locally, means that decisions can be made faster and implemented in the best manner possible for the community.”
Established in 1854, Chelsea Groton Bank has been a source of strength and stability for the community for 167 years. Whether at a branch, on a phone, through the video banking app, or online at chelseagroton.com, 5-Star rated Chelsea Groton Bank is ready, willing and able to serve the individuals, businesses and organizations throughout the region.
* Offices and Deposits of all FDIC-Insured Institutions Deposit Market Share Report, June 30, 2021.
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.