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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…

Chelsea Groton is Reinvesting in Our Community

This April, Chelsea Groton Bank is celebrating Community Banking Month and Financial Literacy Month! These celebrations highlight the Bank’s commitment to the community and our community members. Community Banking Month Banking locally not only supports small businesses but, according to the ICBA, also contributes to the local economy through the creation of up to 62%…

Community Shred Days This Spring at Chelsea Groton

Chelsea Groton Bank is providing FREE secure document shredding services this Spring, to protect confidential information and avoid identity theft. New this year is the addition of a Shred Day that includes secure hard drive (HD) destruction. “The number of people who are victimized because sensitive data is stolen continues to rise,” said Chrissy Caplet,…

Get to Know Karen Bilodeau

Karen Bilodeau is dedicated to working towards the greater good for her customers, especially when it comes to helping her customers. Her commitment to researching options, and making sure customers know what they can afford helps make the homebuying process easier for everyone. Learn more about Karen! 1. What is your current role and department?My…

Hot Scams of 2024

In 2023, we covered a vast array of fraudulent scams and ways to protect yourself. Ranging from cyber hygiene, tech support scams, to pig-butchering and romance scams– fraudsters are constantly adapting to find new ways to prey on human vulnerability. As much as we wish fraudsters would take a break, it’s best to remain diligent….

Tech Corner: Chelsea Calendar Tutorial Video

We’re excited to share our new scheduling tool, Chelsea Calendar! Matt Morrell and Alexis Kahn walk you through the steps of how to schedule an appointment with one of our subject matter experts. We look forward to meeting with you!