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Annual Report 2022


Our Year 2022 2022 was a year of continued progression. More branches were reinvented, providing customers with more comfortable spaces to plan for their financial futures. Chelsea Groton continued to improve the online and mobile banking experience, offering technologies that let community members bank by video, and keep a pulse on potential fraud and...

BauerFinancial Awards 5-Star Rating to Chelsea Groton


BauerFinancial, Inc., the Nations Premier Bank Rating Firm, has once again awarded Chelsea Groton Bank, a mutual bank based in New London County, Connecticut, a 5-Star rating for strength and stability. Chelsea Groton has earned Bauers top rating continuously since September 1994 (116 consecutive quarters). Financial institutions that have earned this top rating for 100...

17th Annual ‘Money Madness’ Financial Wellness Seminar Hosted by Chelsea Groton


Students from Fitch High School, Holy Family High School, Ledyard High School, North Stonington High School, Norwich Free Academy, Montville High School, and Waterford High School convened in the Crozier Williams Student Center at Connecticut College on Tuesday, March 14, 2023 for the 17th Annual ‘Money Madness’ financial wellness and life skills seminar presented by...

Career Fair at Chelsea Groton’s New London Branch


GROTON, Conn. Chelsea Groton Bank, named a Top Workplace in CT since 2016, is hosting a career fair for candidates interested in pursuing a career in banking on Thursday, April 6th from 4 6 PM at the Banks New London Branch, One Montauk Avenue, New London, CT. Candidates are encouraged to bring a...

Chelsea Groton, a mutual bank you can really feel good about


Over the last few days, you may have seen concerning news related to two large bank failures. As a mutual bank, we want to provide you with a brief update on Chelsea Groton Banks business model and how FDIC insurance works. Chelsea Groton Banks business model does not include specialized services like cryptocurrency and venture...

Celebrate Credit Card Reduction Day on March 21st


Credit Card Reduction Day was created to motivate those with outstanding credit card debts to strive to get rid of their interest payments quickly. While debit card transactions immediately show a change of balance in your account, credit cards and their unlimited spending limits can sometimes allow an individual to lose track of spending which...

Empowering Teens to Make Smart Financial Decisions


Chelsea Groton Bank has had a long-standing commitment to financial education and wellness. The Banks Community Education Officer, Miria Gray, regularly teaches programming in high school classrooms, plans and facilitates the Money Madness event, and supports the learning that is included as part of the Chelsea U Student Banking program. Each of these efforts is...

Team Member Spotlight: Get to Know Renee Simao!


As a Talent Acquisition Specialist, Renee Simao is out in our local community meeting with potential team members, which is what she loves to do. From volunteering with Habitat for Humanity to assisting with community events, Renee enjoys lending an extra hand to anyone who needs it! Learn more about Renee!

Groton Headquarters Reinvention


A part of the Groton community since 1854, Chelsea Groton Bank is embarking on a complete renovation and reinvention of its Groton headquarters and bank branch on Poquonnock Road. The banks new headquarters will feature a complete, inside-and-out rethinking of the workplace, as well as a reinvented branch designed around delivering an extraordinary customer experience...

Team Members Complete Leadership Programs and Earn Degrees, Diplomas and Certifications


Chelsea Groton Bank team members graduated from the Center for Financial Training (CFT), the Chamber of Commerce of Eastern CTs (Chamber ECT) Leadership Program, the Greater Norwich Area Chamber of Commerce (GNACC) LEAD Program, and the Connecticut Bankers Associations (CBA) Connecticut School of Finance and Management (CSFM). Team members also completed additional schooling and earned...