Chelsea Groton Bank has been named the #1 Bank in Connecticut on the Forbes list of America’s Best-In-State Banks 2024. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can be viewed on the Forbes website.
“It’s an incredible honor to be named to the Forbes Best-In-State Banks list once again,” shared Anthony A. Joyce, III, President and CEO of Chelsea Groton Bank. “The Chelsea Groton team works tirelessly to serve the needs of our customers, offering financial wellness programming, innovative consumer and business products, services, and digital tools, and an unwavering commitment to the community. Receiving recognition like this wouldn’t be possible without the incredible efforts our team puts forth each day, and the mission we’ve held as a mutual bank – to answer to the needs of our local community – since our founding.”
Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America’s Best-In-State Banks 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state.
The ranking is based on two sources:
- An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all banks where they have a checking/savings account and rate it in six different subdimensions: Trust, Terms & Conditions, Branch Services, Digital Services, Customer Services, and Financial Advice.
- Publicly Available Reviews: For each bank, in each state, a sentiment analysis approach of publicly available online text reviews and ratings was applied.
In each state, the banks with the highest combined score from the analysis of survey results and publicly available reviews were awarded. The survey score was rated 80% and publicly available reviews 20%. Based on the study results, Chelsea Groton Bank is ecstatic to be recognized on the Forbes list of America’s Best-In-State Banks 2024.
Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.
