Best of Bauer 5-Star Chelsea Groton Bank: Making a Difference in Your Neighborhood
Chelsea Groton Bank has achieved another Superior 5-Star Rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. In the 30-plus years that Bauer has been analyzing banks, there has been a rise of increasingly complicated investments as well as burgeoning regulation. Each has added another hurdle when it comes to earning a 5-Star Rating from Bauer, yet none have been a problem for Chelsea Groton Bank. Not only has the Bank maintained safe capital levels well in excess of what regulators require, but Chelsea Groton Bank has also been helping its neighbors and local businesses grow their community with prudent lending and innovative solutions – all without compromising its own financial health in the process.
“This is the beauty of community banking,” notes Karen Dorway, president of BauerFinancial. “The success of a community bank directly correlates to the success of the community it serves. Community banks don’t need exotic investment instruments to make money for their shareholders. They much prefer to invest in local businesses and reap the benefits along with their neighbors. This approach has served Chelsea Groton Bank very well. Earning and maintaining Bauer’s 5-Star Rating continuously for over 25 years, gives the added distinction of “Best of Bauer Bank”. This designation is reserved specifically for banks who have earned Bauer’s highest rating consistently for a minimum of 100 consecutive quarters. You won’t see many (if any) mega banks with a track record like that.”
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.
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.