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5-Star Chelsea Groton Bank
Among the Top 10% of the Nation’s Banks
GROTON, Conn. – BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm, is proud to announce that Chelsea Groton Bank, has once again secured its highest, 5-star rating. A 5-star rating indicates the bank excels in areas of capital adequacy, profitability, asset quality and much more. By earning and sustaining this top 5-star rating for 97 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.
Like Bauer, regulators agree that smaller institutions “are often better positioned than larger institutions to understand and quantify local real estate market values since they serve a smaller, more defined market area,” according to the Federal Register.
“It makes perfect sense; local people who know the area are making local decisions based on that knowledge,” agrees Karen L. Dorway, president of BauerFinancial. “Community banks, like Chelsea Groton Bank, are banking on a better future together with their community.”
Established in 1854, Chelsea Groton Bank has been investing in the future of its community for 164 years. Today it operates through several conveniently located offices throughout New London County, a loan production office in Hartford 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.
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.