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Whether it’s personal or business banking, the articles we share are all about keeping you up-to-date on our products, services and team, scams and cyber threats that you should be aware of, industry changes that might impact you, happenings in our community, and, no matter what, making your banking experience easier at every opportunity.

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Wait…That’s Not Me! Identity Theft

Picture this: You’re sorting through your bills for the month, and you notice a handful of transactions you don’t remember making. You confer with other members of your family and they don’t recognize the set of transactions either. What could have happened? Unfortunately, your identity may have been compromised. What is identity theft? Identity theft…

8 Tips for Internet Safety

Most everyone browses online, completes tasks using the internet, or watches videos to learn a new skill or hobby. Life nowadays entails a huge digital focus, which certainly has its advantages, but also has new challenges. In 2022, Avast reported 50% of people use the same password, there was a 61% increase in phishing attacks,…

What Your Credit Score Can Do For You

You regularly hear “have a good credit score” or “keep your credit up” but what does it mean to have good credit? And what do credit scores do for you? Let’s find out!  Why do you need a credit score? Lenders use credit scores to determine if you are financially responsible and reliable when it…

July Activities

Pop on your most patriotic gear and celebrate 4th of July with Chelsea Groton and the community! Come wave to our mascot, Chelsea A. Corn, and the team during the Groton 4th of July parade. The parade will begin at Poquonnock Plains Park at 10:00 AM and marchers will head down Route 1, finishing at…

A Growing Legacy

What’s been around longer than Nutella, sliced bread, and telephones? Chelsea Groton Bank! July 3, 2024 marks the 170th anniversary of Chelsea Groton Bank. Our commitment to serving the people in our community and driving innovation are still focal points of our mission today, as they have been since day one. Travel back to the…

Celebrate Asian American and Pacific Islander Heritage Month in May

May is Asian American and Pacific Islander Heritage Month (AAPI), a month-long celebration to honor the contributions that Asian Americans and Pacific Islanders have made to American culture and society. AAPI is an umbrella term that includes cultures from the entire Asian continent including East, Southeast and South Asia, and the Pacific Islands of Melanesia,…

Elder Financial Abuse

Effective July 1, 2024, Connecticut is taking proactive steps against Elder Financial Abuse. In August 2023, Governor Ned Lamont signed into law Public Act 23-161, an act that encourages financial institutions to be watchful in identifying elder financial abuse cases. It permits banks and credit unions to suspend or hold transactions on an account for…

Get to Know Alexis Smith

As Project Management Specialist, Alexis Smith is able to find ways to help her colleagues work smoothly and in a more organized way. It’s just one of the things she loves about working at Chelsea Groton Bank. Find out what else Alexis loves about Chelsea Groton below! 1. What is your current role and department?  …

How to Know If a Wire Transfer Is a Scam

A scam can occur in many different forms. Whether it’s a romance, apartment/vacation rental, utility, family emergency or prize scam, fraudsters are out to get your money, and they act fast. Scammers are inclined to use wire transfers because they are finalized quickly, and it is difficult for the victim to get their money back…

How to Help a Victim Post-Scam

2023 marked the first-time fraud losses amounted to $10 billion nationwide, a 14% increase over 2022. The top avenues of loss were investment scams, imposter scams, cryptocurrency, and bank transfers. It was reported that email was the top method to reach potential victims. In an environment that’s constantly changing, it’s important to employ empathy to…