Chelsea Groton Earns 5-Star Rating

GROTON, CT – BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, proudly affirms that Chelsea Groton Bank has once again earned its highest (5-Star) rating for financial strength and stability. Earning a 5-Star rating indicates this bank excels in areas of capital adequacy, profitability, asset quality and much more.

According to a news release, earning and maintaining this top rating for 98 consecutive quarters puts Chelsea Groton Bank in the top 10 percent of the banks in the nation. In fact, reaching this milestone gives Chelsea Groton Bank an even higher designation as a “Sustained Superiority Bank”, a title reserved specifically for top 10 percent.

“This achievement requires tremendous resilience and fortitude,” president of BauerFinancial Karen Dorway said in a release. “We saw a lot of banks that were lacking those qualities that are, unfortunately, no longer around. But community banks like Chelsea Groton Bank have some definite advantages. Its smaller size allows its team to know each customer more intimately, which not only makes every customer a priority, it also improves loan underwriting.”

Chelsea Groton Bank has been making its neighbors its number 1 priority since 1854. Today, after 164 years, it is creating a better banking experience for customers through several conveniently located branches throughout New London County, a loan production office in Hartford County and online at chelseagroton.com.

Contributed press release.

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