Chelsea Groton Bank Earns 5-Star Rating for 92 Consecutive Quarters
April 20, 2017
Groton, CT – Chelsea Groton Bank was once again a top performer, earning the coveted 5-Star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm. A five-star rating indicates that this bank excels in areas of capital adequacy, profitability, asset quality and more. Chelsea Groton Bank has earned and maintained this top rating for 92 consecutive quarters, earning it even higher accolades. Chelsea Groton Bank is a “Sustained Superiority” bank for maintaining a 5-Star rating longer than 90% of the industry.
“Chelsea Groton Bank is a prime example of a community bank excelling at what a community bank was meant to do,” explains Karen L. Dorway, president of BauerFinancial. “It employs locally, thereby having the same personal investment in the community as its customers; it makes decisions locally, often for neighbors and friends; and it focuses on quality as opposed to quantity. That focus has paid off for both Chelsea Groton Bank and for its community.”
BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and banks 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, CT, 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 and investment services. 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.
“Chelsea Groton Bank is a prime example of a community bank excelling at what a community bank was meant to do,” explains Karen L. Dorway, president of BauerFinancial. “It employs locally, thereby having the same personal investment in the community as its customers; it makes decisions locally, often for neighbors and friends; and it focuses on quality as opposed to quantity. That focus has paid off for both Chelsea Groton Bank and for its community.”
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About BauerFinancialBAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and banks 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, CT, 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 and investment services. 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.
Contact:
Barb Curto, Marketing Representative
bcurto@chelseagroton.com, (860) 448-4118
