5-Star Chelsea Groton Bank Among the Top 10% of the Nation’s Banks

GROTON, Conn. – Chelsea Groton Bank has once again secured BauerFinancial’s highest, 5-Star rating. This rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and sustaining this top 5-Star rating for 96 consecutive quarters, Chelsea Groton Bank has also procured a “Top 10%” designation. This means that Chelsea Groton Bank has maintained Bauer’s highest rating consistently for longer than 90% of the industry.

“A lot of things have changed since the Great Recession,” reflects Karen L. Dorway, president of BauerFinancial. “Technology, in particular, has changed the way many people bank, but it will never replace a bank’s knowledge of its customers. Community banks, like Chelsea Groton Bank, have the upper hand on that. Through personal interaction, they can meet their customers’ needs today while anticipating them for tomorrow.”

Chelsea Groton Bank was established in 1854 and has been growing alongside its customers for 164 years. Today it operates from several offices throughout New London County and can also be found 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.

 

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