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Chelsea Groton Bank held a ribbon cutting ceremony for its reinvented Niantic branch at 21 Pennsylvania Avenue, Niantic. The ceremony included remarks from Holly Cheeseman, Connecticut State Representative and Executive Director of Niantic Children’s Museum, and Tony Sheridan from the Chamber of Commerce of Eastern CT. Chelsea Groton’s President and CEO Michael Rauh and Chief…
Chelsea Groton Bank announced that its Confidence Builder Banking program was officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards (2021 – 2022). The national safe account standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate both core and strongly recommended features…
Chelsea Groton Bank has been awarded a Top Workplaces 2022 honor by Hartford Courant Top Workplaces, marking seven consecutive years of receiving this honor. “Being recognized with this honor year after year, tells me that our team members, who are vital to our company’s success, feel valued and proud of the work they do each…
GROTON, Conn. – B. Michael Rauh Jr., President and CEO of Chelsea Groton Bank, has announced his plans for retirement after 12 years of leading the financial institution through tremendous growth. Anthony A. Joyce III, EVP, Chief Operating Officer at Chelsea Groton, has been named by the Board of Trustees as the Bank’s next President…
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…
Lauren Vincent has recently been promoted to Assistant Secretary, Small Business Loan Officer at Chelsea Groton Bank. In this role, Lauren will work to develop small business loan relationships across the Banks’ market areas. Most recently, Lauren was a Commercial Portfolio Administrator at Chelsea Groton Bank. Prior to that, she was a Commercial Credit Manager…
Chelsea Groton Bank, along with contractor, Carlin Construction Company, and architect, Bisbano + Associates, officially broke ground at the Bank’s headquarters on Poquonnock Road in Groton. The bank’s headquarters will feature a complete, inside-and-out rethinking of the workplace, as well as a reinvented branch designed around delivering an extraordinary customer experience in an environment conducive…
While some banks are choosing to close branch locations, Chelsea Groton is investing in their brick and mortar locations in order to provide customers and the community with access to well-trained team members who can offer sound financial guidance, teach them how to use the latest technologies for convenient and secure banking around-the-clock, and be…
Chelsea Groton is one of 12 lenders in Connecticut participating in the CT Housing and Finance Authority (CHFA) “Time To Own” forgivable down payment assistance program. The “Time to Own” program is being administered by CHFA on behalf of the Connecticut Department of Housing. The program offers down payment and closing cost assistance to low-…
We are currently experiencing a nationwide coin shortage of quarters. According to the Federal Reserve, “As the economy recovers and businesses reopen, more coins will flow back into retail and banking channels and eventually into the Federal Reserve, which should allow for the further rebuilding of coin inventories available for recirculation.” Until then, we’re asking…
