Best of Bauer Chelsea Groton Bank Shows Strength in Numbers
Chelsea Groton Bank has once again earned a top (5-Star) rating from BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm. Bauer rates every federally-insured U.S. bank with the same strict standards. Chelsea Groton Bank excels in areas of capital adequacy, profitability, loan quality and more, and has earned Bauer’s top rating continuously since September 1994 (114 consecutive quarters). Financial institutions that have earned this top rating for 100 or more consecutive quarters have the added distinction of being named a “Best of Bauer Bank”.
The Bank holds 19.37% 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.*
“Chelsea Groton Bank has capital levels well above what regulators consider to be ‘adequate’. That capital buffer is what will help Chelsea Groton Bank weather any downturn that may head our way, just as it has in the past,” notes Karen Dorway, president of BauerFinancial. “What you want is a bank with high capital levels, strong loan underwriting and solid profits, and that’s what you have with Chelsea Groton Bank. Neighbors and friends should feel secure in that.”
Established in 1854, Chelsea Groton Bank has been a source of strength and stability for the community for 168 years. Whether at a branch, on the phone, through the video banking app, or online at chelseagroton.com, 5-Star rated Chelsea Groton Bank is ready, willing and able to serve the individuals, businesses and organizations throughout the region.
* Offices and Deposits of all FDIC-Insured Institutions Deposit Market Share Report, June 30, 2022.
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.