BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, announced that Chelsea Groton Bank has again earned its highest, 5-Star rating, now for 120 consecutive quarters. Chelsea Groton also continues to hold the designation of a “Best of Bauer Bank”, an honor only awarded to banks who maintain the highest 5-Star rating for 25 years or longer. The latest rating was assigned in March 2024 based on December 31, 2023 financial data and signifies that Chelsea Groton Bank continues to be one of the strongest banks in the nation.
“It gives me great pleasure to announce that there are still banks, like Chelsea Groton Bank, that continue to provide a sense of security to their customers and community,” shared Karen Dorway, president of BauerFinancial. “Friends and neighbors of Chelsea Groton Bank have the privilege of having a true community partner that sticks to common-sense banking values, right in their community.”
Chelsea Groton Bank holds 20.10% of the deposit market share in New London County, more than any other financial institution with a physical location in the County’s footprint, including national and regional banks.*
Since its inception in 1854, Chelsea Groton Bank has been an enthusiastic supporter of the people and organizations in the communities it serves.
* Offices and Deposits of all FDIC-Insured Institutions Deposit Market Share Report, June 30, 2023.
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.
