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Chelsea Groton Bank’s Carolyn Welch has been promoted to Senior Vice President, Commercial Lending Manager. In this role, she will lead the Bank’s Commercial Lending team in attracting, developing, and growing commercial relationships throughout the Bank’s expanding market area.
Chelsea Groton Bank is pleased to announce the promotion of 17 employees, including five members of the Bank’s senior leadership team, following a Board of Trustees meeting.
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.
Elizabeth “Betsy” Conway, General Counsel of the Mashantucket Pequot Tribal Nation, was recently appointed to Chelsea Groton Bank’s Board of Trustees. Conway became a Corporator of the Bank in 2011.
Matthew Morrell, VP, Retail Lending Sales Manager, was recently selected as a New Leader in Banking by the CT Bankers Association and Connecticut Banking Magazine. This honor is awarded to up-and-coming professionals from across Connecticut. The 15 recipients are considered to be outstanding employees who have made a notable impact in their bank and their community, beyond their job description.
The Chelsea Groton Foundation awarded $171,247 in grants to 89 non-profit organizations from Connecticut and Rhode Island this fall. This dollar amount marks the greatest total awarded to area organizations in a single giving cycle since the Chelsea Groton Foundation was founded. Inclusive of these donations, the Foundation has provided over $2.6 million in total grants to the community since 1999. The Foundation reviews applications and awards grants two times per year.
GROTON, Conn. – Chelsea Groton Bank held a ribbon cutting for its reinvented Center Groton branch at 1319 Gold Star Highway in Groton. The ceremony included remarks and plaque presentations from both Megan Cronin, from the Chamber of Commerce of Eastern CT, and Bill Smith, from the Greater Mystic Chamber of Commerce. Michael Rauh, President and CEO of Chelsea Groton Bank, closed the ceremony by presenting a donation to Diane Schrage, from Groton Human Services, in the dollar amount of 1,854, which represents Chelsea Groton’s founding in 1854.
Chelsea Groton Bank has completed the construction of its Center Groton location at 1319 Gold Star Highway. The reinvented branch was designed to provide individuals with the tools and resources needed to empower them to make better financial decisions through learning, mentoring and collaboration. The diverse layout features a diner booth for relaxed conversation, a cozy lending library with books to peruse at the branch or borrow, collaboration tables for connecting and interacting, a video conferencing room, and a knowledge bar, with complimentary coffee and conversation brewing all day. The location will continue to have a teller line where typical banking transactions can occur, offices for opening accounts and processing loans, and has a new drive-up ATM.

October 27, 2017
Chelsea Groton Gives

Chelsea Groton Bank employees are no strangers to giving back to the community. The Bank's vision for 163 years has been the partnership in the long-term growth of our community. Our employee's contributions to the community go above and beyond to enrich the lives of so many.
Chelsea Groton Bank has again earned a coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm. A five-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top 5-Star rating for 94 consecutive quarters puts Chelsea Groton Bank in an even more prominent position as a “Sustained Superiority Bank”.
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