5-Star Chelsea Groton Bank Fostering Relationships, Accountability

GROTON, Conn. – BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm, is proud to announce that Chelsea Groton Bank, has once again secured a 5-Star rating. A five-star rating indicates the Bank excels in areas of capital adequacy, profitability, asset quality and more. Earning and maintaining this top 5-Star rating for 95 consecutive quarters puts Chelsea Groton Bank in an even more prominent position as a “Sustained Superiority Bank”. “Sustained Superiority Banks” have maintained Bauer’s highest rating longer than 90% of the industry, proving once again that Chelsea Groton Bank is among the strongest in the industry.

“Because community banks put their focus on local people and small businesses, they are perfectly positioned to provide the specialized support that is unique to their area,” acknowledges Karen L. Dorway, president of BauerFinancial. “Community banks, like Chelsea Groton Bank, promote local growth by investing back into the same neighborhoods that their deposits come from. By fostering these local relationships, they achieve two goals: they are highly capitalized and they are accountable to their customers.”

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.

About Chelsea Groton Bank
Based in Groton, Conn., Chelsea Groton Bank is a full-service mutually owned bank with over $1 billion in assets. Chelsea Groton Bank’s products and services include consumer banking, business banking, mortgage and business lending, cash management, financial planning and financial education classes. With 14 branch locations throughout New London County and a Loan Production Office in Hartford County, Chelsea Groton Bank also provides online and mobile banking, 24-hour telephone banking, and nationwide ATM banking for individuals, families and businesses. To learn more, please visit chelseagroton.com. Member FDIC. Equal Housing Lender.

 

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