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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…
At its best during the hardest of times, Chelsea Groton Bank marks a year of embracing change, adapting, and thriving. Chelsea Groton Bank reported impressive financial, educational, technical and community-based accomplishments at its 167th Annual Meeting at the Mystic Marriott on Monday, April 11, 2022. President and CEO Michael Rauh presented the Bank’s 2021 results to…
As part of Chelsea Groton’s ongoing commitment to diversity, equity, inclusion and accessibility for all, the Bank now offers complimentary video interpreter services in 240 languages and American Sign Language from all branch locations through the Bank’s partnership with LanguageLine Solutions®. Chelsea Groton will continue to offer phone interpreter services, available at all bank locations…
Patrick L. Green, FACHE, President and CEO of L&M Healthcare and Executive Vice President of Yale New Haven Health, was recently elected to Chelsea Groton Bank’s Board of Trustees. Green became a Corporator of the Bank in 2020. Green is filling the remaining term of retiring Lead Trustee Dennis Cambria, DDS, who served as a…
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…
