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Meet Rebecca Magner, AT, Customer Solutions Manager at the Banks Pawcatuck Branch

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Rebecca Magner joined the Bank five years ago as Assistant Branch Manager of the Pawcatuck branch. In 2017, she transferred to the Groton branch in the same role, and in 2018, moved back home to the Pawcatuck branch as the Customer Solutions Manager.  Rebecca is passionate about helping community members and her team members achieve...

Chelsea Groton Bank and Foundation Together Gave Record $1,000,000 this Year

News

This year, Chelsea Groton Bank and its Foundation gave a record $1,000,000 to non-profit organizations in our communities. The Foundation recently approved $405,820 in grants to 68 non-profit organizations from Connecticut and Rhode Island, which put the full years giving total above the $1 million mark for the first time ever. Earlier this year, the...

Chelsea Groton Bank Introduces Small Business Relief Loan

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Chelsea Groton Bank is proud to introduce a Small Business Relief Loan program for businesses based in Connecticut or Rhode Island, providing business owners a simple way to access up to $10,000 in funding while working to recover from challenges of the Covid-19 pandemic. At this time, $2,500,000 in funding has been allocated for this...

Chelsea Groton Foundation Approves $345K in Grants this Fall

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This fall, the Chelsea Groton Foundation approved $345,810 in grants to 59 non-profit organizations from Connecticut and Rhode Island. Half of the approved funding went to organizations providing Health & Human Services, including immediate critical needs such as healthcare, food, clothing and shelter. A grant donation of $25,000 was provided to Lawrence & Memorial Hospital...

The Benefits of Positive Pay

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Among the many business banking solutions that Chelsea Groton offers businesses of all sizes, Positive Pay enables businesses or organizations to upload a file of issued checks to the Bank each day that checks are written. As checks are presented for payment, they are matched to the list of uploaded checks to ensure that all...

The Benefits of a Convenient and Secure Wire Transfer System

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Chelsea Groton recently implemented a new wiring system, which complements our online Wire Transfer Service, to provide business customers with an efficient, streamlined and secure experience when sending and receiving wires. Improved EfficienciesThrough Chelsea Groton’s online Wire Transfer Service, business customers are able to submit wires directly within online banking, rather than manually sending a...

Lets talk about Remote Deposit Capture

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In our current environment, business owners are exploring new and convenient ways to do their banking. Chelsea Groton offers several secure treasury management solutions to help business owners achieve efficiencies. One tool that hundreds of our business customers have benefitted from is Remote Deposit Capture (RDC), which enables Chelsea Groton customers to deposit checks electronically...

Lets Talk About Online Entitlements

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Some people may not be aware of all that can be accomplished through a single sign-on into online banking. Businesses are able to deposit checks without visiting a branch location, pay vendors and employees electronically in order to avoid check writing, and provide employees with the convenience of direct deposit. Businesses can also initiate wire...

Improving Your Company’s Cash Flow

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One of the biggest challenges companies face is efficiently managing cash flow. Chelsea Groton Bank offers ACH Origination Service, which enables businesses to efficiently manage payment collection, disbursement, and concentration of funds. This solution helps businesses save time, and it enhances internal controls, with options to restrict and enable users and their limits. Here’s how...

Tips for Staying Safe Online

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The Federal Trade Commission reported that in 2019, American consumers lost almost $1.9 billion to online scams and fraud, and with the ongoing pandemic there are even more scams out there today. Here are 10 tips from the Federal Deposit Insurance Corporation (FDIC) to help customers stay safe online and protect themselves from online scammers....