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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…
Chelsea Groton Bank has been ranked the #1 bank in Connecticut on the list of Forbes Best-In-State Banks 2022. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list can currently be viewed on the Forbes website. Forbes and Statista identified Best-In-State Banks 2022…
Michael Hawes recently joined Chelsea Groton Bank as Assistant Vice President and Commercial Loan Officer. Michael will work to develop commercial loan and commercial mortgage relationships with centers of influence across the Bank’s market areas. “With over two decades of business relationship management, 12 years of which were dedicated in banking, Michael excels at simplifying…
Independent Banker magazine, the award-winning monthly publication of the Independent Community Bankers of America (ICBA), unveiled its annual ICBA 40 Under 40: Emerging Community Bank Leaders list. The award recognizes the nation’s up-and-coming community bank innovators and influencers who represent the future of the industry. Alexis Kahn, VP, Cash Management Sales Manager at Chelsea Groton Bank was named to…
Chelsea Groton Bank recently signed a contract with LAZ Parking to manage the two parking lots located at their downtown Mystic location to improve the parking and overall experience for customers. “Mystic is a major tourist destination, home to the Mystic Aquarium, the Mystic Seaport and amazing places to explore, dine and shop”, said Lori…
