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Cybercrime Is On The Rise

According to the Identity Theft Resource Center, “the number of data breaches publicly reported so far this year has already exceeded the total for 2020, putting 2021 on track for a record year”. With cybercrime on the rise, and businesses losing hard-earned money as a result, we’ve compiled several ways to stay ahead of cyber threats. Watch Chelsea…

Team Member Spotlight: Get to Know June Holaday

Today we’d like you to meet June Holaday! June is a traveling fanatic, an active community member, and an incredible representation of the Chelsea Groton spirit. 1. What is your current role and department? How long have you worked at Chelsea Groton Bank?I’m the Assistant to the President & Chelsea Groton Foundation Secretary. I’ve been…

Social Security Announces Redesigned Statement – Now Available with a my Social Security Account

Kilolo Kijakazi, Acting Commissioner of Social Security, introduced a new look and feel to the Social Security Statement, available online through the my Social Security portal at www.socialsecurity.gov/myaccount and by mail. The Statement is one of the most effective tools people can use to learn about their earnings and future Social Security benefits. This fresh look will allow millions of people to see…

Meet Dawn Sandvoss, AVP, Commercial Loan Officer

Dawn Sandvoss joined Chelsea Groton Bank as Assistant Vice President and Commercial Loan Officer last spring, with over 30 years of experience in accounting, financial reporting and commercial real estate.  Dawn’s previous experience as a commercial loan officer and credit manager has enabled her to develop a deep understanding of a customer’s financial situation and…

Financial Forecasting: Why It Matters and Where to Start Post-Covid

Last month, Chelsea Groton hosted a virtual small business Lunch & Learn taught by Randy Wyrofsky, CPA, on the merits and methods of financial forecasting, with a focus on incorporating scenario analysis to better grasp future financial needs, which may have drastically changed over the past year. “The Bank’s mission is to help customers and…

Lending Support to Businesses of All Sizes

Whether new to the neighborhood like The Tin Peddler in North Stonington, or a long-time Mystic staple like S&P Oyster Restaurant and Bar, Chelsea Groton worked in big ways and small to lend financial support and expertise to area businesses (including many eateries) over the last year, and continues to do so as we move…

5 Smart Steps to Buying a Home

If you’re looking to purchase a home, it’s important to take certain steps ahead of time, so when you find the perfect home, you’re ready to make an offer. Here are five steps to buying a home to keep in mind: 1. Get your credit in order. Having good credit is essential to getting approved for…

Team Member Spotlight: Get to Know Alyssa Bryan

We’d like you to meet Alyssa Bryan! Alyssa’s passionate about staying on top of new banking products and helping members resolve fraud claims. She loves spending time with family and friends and dreams of vacationing in an overwater bungalow in the South Pacific. 1. What is your current role and department?Digital Banking Operations Specialist 2….

Meet Rebecca Magner, AT, Customer Solutions Manager at the Bank’s Pawcatuck Branch

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…

The Benefits of Positive Pay

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…