BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, has once again awarded Chelsea Groton Bank, a mutual bank based in New London County, Connecticut, a 5-Star rating for strength and stability. Chelsea Groton has earned Bauer’s top rating continuously since September 1994 (116 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”.
Bauer reviews every federally-insured U.S. chartered bank with the same strict standards. Chelsea Groton Bank continues to excel in areas of capital adequacy, profitability, loan quality and more.
“With Chelsea Groton Bank, you get loyalty and dedication. It’s a connection that you rarely find in big banks, and it comes naturally at Chelsea Groton. And a local, mutual bank means local decisions, made by people like you,” shared Karen Dorway, president of BauerFinancial. “With high capital cushions and an established track record, Chelsea Groton Bank is well-positioned to continue to thrive and be a source of strength for its community.”
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.*
Established in 1854, Chelsea Groton Bank has been a source of strength and stability for the community for nearly 169 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.