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Chelsea Groton Bank is pleased to announce the promotion of 21 employees following a Board of Trustees meeting. “Chelsea Groton Bank has been successful for over 167 years because of the dedication and commitment each member of Team Chelsea has for their job and the communities we serve,” said Michael Rauh, President and CEO of…
Jessica Todd was recently promoted to Senior Vice President, Director of Finance and Accounting at Chelsea Groton Bank. She is responsible for all aspects of the Bank’s finance function including staff, systems, and financial reporting, and now also has additional senior management responsibilities. Jess joined the Bank’s Accounting team in 2004, and has held roles…
Chelsea Groton Bank recently introduced the ONE CHELSEA initiative, which highlights the strength of the Bank’s continuous commitment to diversity, equity, and inclusion throughout history, and its focus on ensuring an ongoing sense of belonging for all, today and in the future. Led by a Diversity, Equity and Inclusion steering committee, the mission of ONE…
July 2021 – Chelsea Groton Bank team members recently graduated from the Center for Financial Training (CFT), the Chamber of Commerce of Eastern CT’s (Chamber ECT) Leadership Program, and the Connecticut Bankers Association’s (CBA) Connecticut School of Finance and Management (CSFM). Team members also completed the American Bankers Association (ABA) Marketing School and earned professional certifications…
Chelsea Groton Bank is pleased to partner with the Connecticut Housing Finance Authority (CHFA) to help borrowers with documented disabilities to purchase their first home, through the Home of Your Own Program. The Home of Your Own Program allows borrowers to be eligible for a low-interest rate loan and down-payment assistance if the borrower or…
Chelsea Groton Bank is pleased to introduce Chelsea|LIVE Video Banking, a new digital personal experience that gives members the flexibility to bank when, where and how it’s most convenient. There are currently two ways to connect with a Video Banker – either at one of the Bank’s walk-up or drive-up Video Banking ATMs (VBMs), or…
This year, Chelsea Groton Bank and its Foundation gave a record $1,000,000 to non-profit organizations in our communities. The Foundation recently approved $405,820 in grants to 68 non-profit organizations from Connecticut and Rhode Island, which put the full year’s giving total above the $1 million mark for the first time ever. Earlier this year, the…
Chelsea Groton Bank is proud to introduce a Small Business Relief Loan program for businesses based in Connecticut or Rhode Island, providing business owners a simple way to access up to $10,000 in funding while working to recover from challenges of the Covid-19 pandemic. At this time, $2,500,000 in funding has been allocated for this…
This fall, the Chelsea Groton Foundation approved $345,810 in grants to 59 non-profit organizations from Connecticut and Rhode Island. Half of the approved funding went to organizations providing Health & Human Services, including immediate critical needs such as healthcare, food, clothing and shelter. A grant donation of $25,000 was provided to Lawrence & Memorial Hospital…
Chelsea Groton was selected to once again participate in the Federal Home Loan Bank of Boston’s (FHLBB) Equity Builder Program. Through this program, Chelsea Groton is able to work with first-time homebuyers to receive up to $15,000 in down payment assistance. “Chelsea Groton has always been committed to meeting customers where they are and exploring…
