Chelsea Groton Bank Earns BauerFinancial 5-Star Rating for 100 Consecutive Quarters, Making It A ‘Best of Bauer Bank’
BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, recently awarded Chelsea Groton Bank with Bauer’s highest 5-Star rating for financial strength and stability. The Bank has now maintained that top rating for 100 consecutive quarters. Earning a 5-Star rating indicates Chelsea Groton excels in the areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating continuously for over 25 years gives Chelsea Groton the added status of being a “Best of Bauer Bank”. This designation is reserved specifically for banks that have earned Bauer’s highest rating consistently for 100 consecutive quarters or longer.
“What I find particularly encouraging is that it’s community banks, like Chelsea Groton Bank, that are achieving this status,” observed Karen Dorway, president of BauerFinancial. “Chelsea Groton bases decisions on relationships, not just on numbers. We seem to be coming to a point where human interaction is regaining importance. Technology is an invaluable tool, but only when it enhances the customer experience. Chelsea Groton Bank has never lost sight of that. We salute 5-Star Chelsea Groton for its continued financial excellence.”
Chelsea Groton Bank was established in 1854, and has been building personal and business relationships ever since. Today, after 165 years, the Bank continues to create a better banking experience for customers through conveniently located branches throughout New London County, a loan production office in Hartford County, and online at chelseagroton.com.