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Daniela Ness Promoted to Mortgage Specialist at Chelsea Groton Bank

06/25/26

Reading Time: 2 minutes

Daniela Ness, NMLS #531581, was recently promoted to Mortgage Specialist at Chelsea Groton Bank. In this role, Daniela will work closely with customers to guide them through the mortgage process, providing personalized support to help them achieve their homeownership goals. “Daniela’s experience supporting homeowners through challenging market conditions, along with her background in branch operations and retail lending, gives her a well-rounded perspective that benefits our customers,”…

Celebrating Bright Futures: Meet Our 2026 Scholarship Recipients

06/17/26

Reading Time: 2 minutes

Bank, Giving

The Chelsea Groton Foundation proudly supports local high school seniors as they take the next step in their educational journeys through its annual scholarship program. Each year, Chelsea Groton awards scholarships to graduating high school seniors who have demonstrated academic achievement, exhibited strong leadership skills, and exemplified community service through their volunteer efforts in high school. This year, the Chelsea Groton Foundation…

Meet Yahbriel Roman, a Friendly Face at Our Niantic Branch

06/16/26

Reading Time: 2 minutes

Bank, Team

We’re excited to spotlight one of our dedicated team members from the Niantic Branch, whose passion for learning, community connection, and customer service shines through in everything he does. From supporting customers in multiple languages to actively giving back, Yahbriel embraces the values that make Chelsea Groton Bank such a special place to work. I am the Customer Solutions Assistant Manager…

Chelsea Groton Bank’s 5-Star Strength Continues to Power Local Communities

06/11/26

Reading Time: 2 minutes

Bank

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, excelling in areas such as capital adequacy, profitability, asset quality, and more. June 2026 marks the 129th consecutive quarter that Chelsea Groton Bank has earned this distinction,…

Chelsea Groton Bank to Host Annual Career Expo at Groton Headquarters

05/19/26

Reading Time: 3 minutes

Bank, Team

Chelsea Groton Bank is hosting a Career Expo for candidates interested in exploring potential careers in banking on Tuesday, June 2nd from 4:30 – 6:30 PM at the Bank’s Headquarters building, 904 Poquonnock Road, Groton, CT. The Career Expo is designed to facilitate conversations between interested candidates and Bank team members from all departments, offer perspective on open positions and career pathways available at…

Spotlight on United Service Organizations

05/18/26

Reading Time: 3 minutes

Bank

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…

Neobanks vs. Mutual Banks: Understanding the Difference

05/12/26

Reading Time: 4 minutes

Bank, Learning

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…

Rooted in Mutuality: Chelsea Groton Bank Reflects on a Year of Community Leadership

05/01/26

Reading Time: 8 minutes

Bank

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…

Assumptions vs. Reality: Why Mutual Community Banks Are Different

04/14/26

Reading Time: 4 minutes

Bank, Learning

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 Announces Partnership with Thrive Payments to Expand Merchant Services Solutions

04/09/26

Reading Time: 2 minutes

Bank

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…

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