Due to its robust capital position, asset quality, profitability and more, Chelsea Groton Bank merited a “Superior” five-star rating by BauerFinancial, Inc., a national bank rating and research firm, for the most recent available quarter. Moreover, the bank’s continued Superior rating for the past 75 quarters has earned it a “Sustained Superiority Bank” designation, placing Chelsea Groton among the 9% elite U.S. banks that may claim this distinction.
“The secret of our enduring strength is our customer-first, mutual focus,” explained President and CEO Michael Rauh. “Keeping our customers’ assets safe, guiding them through their financial decisions and helping them reach their goals is the way we measure success here at Chelsea Groton. As important is the bank’s insightful strategic planning. In 158 years we’ve gotten very good at evaluating and understanding the results of our choices.”
“It isn’t surprising to those of us who watch the industry that ‘plain vanilla’ banks, those that didn’t get into risky investments or lending, are the banks that are still standing strong today,” stated Karen L. Dorway, president of the rating firm, who has monitored the industry for more than two decades. “Chelsea Groton Bank has stayed true to its purpose of serving its community in a prudent and responsible manner.”
To learn more about the bank’s five-star financial rating contact Lori Dufficy, Senior Vice President and Director of Sales and Marketing at (860) 448-4184 or firstname.lastname@example.org.
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. Consumers may obtain free star-ratings by visiting www.bauerfinancial.com.