BauerFinancial, Inc., the Nation’s Premier Bank Rating Firm, acknowledged Chelsea Groton Bank for its continued 5-Star status. September 2024 marks the 122nd consecutive quarter that Chelsea Groton Bank has earned this distinction, which gives it the added prestige of being a “Best of Bauer Bank”. Only banks that have earned and maintained this highest 5-Star rating for 25 years (100 consecutive quarters), or longer, may claim this distinction. This latest rating is based on June 30, 2024 financial data and signifies that Chelsea Groton Bank continues to be one of the strongest banks in the nation.
“BauerFinancial rates banks based on their overall financial condition,” reports Karen Dorway, president of BauerFinancial, “and has been doing so for over 40 years. Our approach of taking current financial data along with historical trends has enabled Bauer to anticipate certain events before they unfold. From speculative lending to interest rate pressures and even changes in accounting rules, Bauer has been through it all, and its reputation is second to none. So, when Bauer says Chelsea Groton Bank has earned its 5-Star rating, you can have confidence that it is one of the strongest banks in the nation. Not only that, as a community bank, Chelsea Groton Bank’s top priority is the community it serves. It is very impressive to see banks that care so much about their communities also being top financial performers.”
Since its inception in 1854, Chelsea Groton Bank has been an ardent supporter of the people and organizations in the communities it serves. Learn more at www.chelseagroton.com.
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.
