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What is Pig-Butchering?

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What starts as an innocuous greeting, something as simple as Hi, how is it going?, can lead to the loss of thousands or even millions of dollars. Have you been the recipient of these texts recently? If so, its not a long-lost friend; its a new cryptocurrency long-con scam called Pig-Butchering. What is Pig-Butchering? It...

How Much Should You Save for a House?

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While the thought of owning a home is thrilling, meticulous planning and discipline is needed to save for a house. The first step is to establish a budget, especially for renters, to help determine an affordable monthly payment. A common rule suggests not exceeding one-third of your income on housing expenses.  It is important to...

Beneficial Ownership FAQs

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Beneficial Ownership FAQs Beneficial Ownership is a requirement of the U.S. Department of the Treasury. Here are a few frequently asked questions to help guide you. Please visit www.fincen.gov/boi for further information on the process and requirements.

Best of Bauer Chelsea Groton Bank Serving the Community with 5-Star Strength

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BauerFinancial, Inc., the Nations Premier Bank Rating Firm, announced that Chelsea Groton Bank has earned its highest, 5-Star rating for 119 consecutive quarters. Chelsea Groton Bank has also earned a Best of Bauer Bank designation, which is reserved solely for those banks that have earned and maintained Bauers 5-Star Rating for financial strength and stability...

What Do Closing Costs Include?

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Buying a home gives you a great feeling of accomplishment, however, it comes with multiple expenses beyond the purchase price. These expenses are essential to the final stages of the process, and having a clear understanding of what they include will help you prepare financially. Read on for what closing costs include, gain practical tips...

Rodney A. Butler

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2023 in Review

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A Message from Tony 2023 was a year of change for Chelsea Groton Bank, and for me. From taking on my new role as President and CEO of the Bank and President of the Chelsea Groton Foundation, to the renovation of the Groton headquarters building, it was a year of growth. As I reflect on...

Rodney A. Butler Elected to Chelsea Groton Banks Board of Trustees

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Rodney A. Butler, Chairman of the Mashantucket Pequot Tribal Nation, was recently elected to Chelsea Groton Banks Board of Trustees. He became a Corporator of the Bank in April 2022. We are pleased to welcome Rodney Butler to our Board of Trustees, said Anthony Joyce, President and CEO of Chelsea Groton Bank. He is a...

Connect with us! Schedule with Chelsea Calendar.

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Chelsea Groton Bank strives to bring customers exceptional service, which includes offering a range of convenient tools and services. With this in mind, the Bank is excited to invite customers and community members to schedule appointments with Chelsea Calendar to meet with a Bank subject matter expert. The flexibility to choose your preferred meeting method,...

Get to Know Dana Chapel!

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Dana Chapel and her team in Niantic strive to provide outstanding service to everyone who comes into their branch. The respect and care the teams show customers and area businesses are a reflection of Danas leadership. Her passion for helping people shines through in her dedication to both her team and her family. Get to...