INDUSTRY NEWS FROM OUR MEMBERS

Chelsea Groton Bank Ranked A 5-Star Superior Bank

Oct 18, 2017
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Bauer 5-star logo GROTON, Conn. – 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”. This designation is reserved for the Top 10% of banks, all of whom have maintained Bauer’s highest rating longer than 90% of the industry.

“By earning Bauer’s highest 5-Star rating, Chelsea Groton Bank proves to its customers and the community that it is committed to their needs and to financial discipline,” notes Karen L. Dorway, president of BauerFinancial. “As times change, so do customers’ needs. Community banks like Chelsea Groton Bank excel at finding ways to meet these ever-changing needs while maintaining financial discipline and prudent underwriting.”

BauerFinancial star ratings classify each financial institution based upon a complex formula factoring in current and historical data. The first level of evaluation is the capital level of the institution followed by other relevant data including, but not limited, to: profitability, historical trends, loan delinquencies, repossessed assets, reserves, regulatory compliance, proposed regulations and asset quality.

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 and financial planning. 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.

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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