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For more than 80 years, the United Service Organizations (USO) has offered a “home away from home” for the military community. In New England, it continues to provide comfort, connection, and care, making sure service members and their families always feel supported. How long have you been operating in the community? The USO has served the military community since 1941, with USO…
As the financial landscape continues to evolve, consumers have more choices than ever when it comes to managing their money. Neobanks have been on the rise. While neobanks, like mutual banks, offer modern banking tools, the two banking models differ significantly in structure, ownership, and purpose. Understanding these differences can help consumers make informed decisions about where to bank. What Is a…
During Chelsea Groton Bank’s 171st Annual Meeting on Thursday, April 30, 2026, President and CEO Anthony A. Joyce, III, shared the Bank’s 2025 financial results with Bank officers, Board members, and Corporators. As of December 31, 2025, the Bank’s total assets reached $1.75 billion. Net operating income grew to $24,017,075. Deposits were comparable to the prior year, declining slightly by 2%. Total net loans increased by $71 million and capital grew…
Banking can be surrounded by assumptions that make it feel impersonal or transactional, but mutual community banks operate differently. As part of the Mutuals Matter movement, Chelsea Groton Bank helps shine a light on what truly sets mutual banks apart: mutuals are owned by their depositors, not shareholders, and are driven by a mission to serve the long‑term interests of customers and communities. That means local deposits are reinvested back in the…
Chelsea Groton Bank announced a new partnership with Thrive Payments, a New England-based payment processing provider, to offer enhanced merchant services solutions to business customers throughout the region. Through this partnership, Chelsea Groton Bank will connect local businesses with a wide range of payment processing solutions designed to meet the needs of merchants of all sizes, from small mobile…
Chelsea Groton Bank is hosting a Career Fair for candidates interested in exploring potential careers in banking on Tuesday, April 7th from 4:30 – 6:30 PM at the Bank’s North Stonington Branch, 391 Norwich Westerly Road, North Stonington, CT. The Career Fair is designed to facilitate conversations between interested candidates and Bank team members, offer perspective on open positions and career pathways available at Chelsea Groton, and demonstrate what it means to be…
Chelsea Groton Bank has once again earned recognition from BauerFinancial, Inc., the nation’s leading bank rating firm, for maintaining its prestigious 5-Star rating for financial strength and stability. March 2026 marks the 128th consecutive quarter, an accumulated 32 years, that Chelsea Groton Bank has earned this distinction, which gives it the added prestige of being a “Best of Bauer Bank”. “Community…
For 29 years, the Women’s Business Development Council (WBDC) has been a trusted partner for women entrepreneurs throughout Connecticut. As the state’s only organization dedicated specifically to supporting women in business, WBDC offers free classes, personalized business advising, and small business grant opportunities to help aspiring and established entrepreneurs grow sustainable businesses. The impact of…
Students from five high schools – Academy of the Holy Family, Lyman Memorial High School, Norwich Free Academy, Montville High School, and Wheeler High School – convened at Connecticut College on Tuesday, March 10, 2026 for the 20th Annual Money Madness seminar presented by Chelsea Groton Bank. The half-day seminar opened with keynote speaker, Felix Reyes, Director of Economic Development and Planning for the City of New London,…
Chelsea Groton Bank is hosting a Career Fair for candidates interested in exploring potential careers in banking, as well as summer internships, on Saturday, March 7th from 12:30 – 2:30 PM at the Bank’s Waterford Branch, 157 Boston Post Road, Waterford, CT. The Career Fair is designed to facilitate conversations between interested candidates and Bank…
