Kate Alves
SVP, Chief Credit Officer
How Can I Help?
As Chief Credit Officer, I lead the Commercial Credit and Special Assets Departments, ensuring sound lending and asset management. The Commercial Credit team is responsible for prudent loan underwriting, ongoing portfolio management, regulatory compliance, and supporting both customers and internal partners. Their work ensures that lending decisions are sound, risks are managed, and customers receive clear, reliable financing solutions that help them achieve their goals while protecting the bank’s financial strength. The Special Assets team is responsible for seeking solutions for Borrowers in need and bringing challenging loan situations to resolution.
I am committed to helping customers reach their goals while upholding trust and a solid financial foundation.
A Little About Kate Alves
Kate Alves joined Chelsea Groton in 2005 in the Loan Servicing department before transitioning to Risk Management. In 2008, she moved to the Credit Department, where Kate advanced from Junior Credit Analyst to Chief Credit Officer.
Kate is a graduate of Merrimack College and the Connecticut School of Finance and Management. She completed the Chamber of Commerce of Eastern CT Leadership Program, is a recipient of the Eastern CT Chamber of Commerce’s 40 Under Forty award, and was named a Connecticut Banker’s Association New Leader in Banking.
Kate is active in her community beyond her professional life, having served on the Southeastern Regional Action Council Board, the Groton Scholarship Committee, and the City of Groton Economic Development Commission.
