Rich Balestracci Promoted to Senior Vice President, Commercial Lending Department Manager

Chelsea Groton Bank’s Rich Balestracci has been promoted to Senior Vice President, Commercial Lending Department Manager.

In Rich’s new role as Commercial Lending Department Manager, he will assume leadership of the Bank’s commercial lending team, in addition to maintaining a portfolio of loan customers. Since Rich joined the Bank in 2014, he has assumed roles of increasing responsibility with the Commercial Lending team. 

Rich and his family reside in Pawcatuck. An active member of the community, he is the Treasurer of the Stonington Community Center, and a Loan Committee Member for the Southeastern Connecticut Enterprise Region (SECTER). 

He earned a bachelor’s degree from the University of Connecticut and an MBA for emerging leaders from the University of New Haven. He completed the Chamber of Commerce of Eastern Connecticut Leadership Program and is a graduate of the American Bankers Association’s Stonier Graduate School of Banking at the University of Pennsylvania. 

Looking for a Commercial Loan?

Chelsea Groton’s team of commercial lenders can provide businesses of all sizes the guidance, customized support, service, and commercial financing to strengthen your business for years to come. Learn more about the Bank’s commercial loans and lines of credit, as well as the commercial real estate loans the Bank can support you in obtaining.