Chelsea Groton Named Bauer 5 Star Bank

Groton CT

23 March, 2022

4:37 PM

Description

Press release from Chelsea Groton Bank: March 23, 2022 Chelsea Groton Bank has earned the prestigious "Best of Bauer Bank" status from BauerFinancial, Inc., the Nation's Premier Bank Rating Firm. This distinction is reserved solely for institutions that have earned Bauer's highest (5-Star) rating consistently for at least 25 consecutive years. This is the 112th consecutive quarter that Chelsea Groton Bank has earned a 5-Star rating. Banks who earn this top rating must excel under a rigorous, independent analysis of its financial condition, including a review of capital adequacy, profitability, asset quality and much more. "While customers are banking with Chelsea Groton Bank, Chelsea Groton Bank is banking on them. It's a community thing; local people helping out neighbors and friends. They make it look easy," reflected Karen Dorway, president of BauerFinancial. "Nothing is that difficult when you love what you do and take a personal interest in the people you do it for. And that is clearly the case with Chelsea Groton Bank." Established in 1854, Chelsea Groton Bank has been a source of strength and stability for the community for 167 years. Whether at a branch, on a phone, through the video banking app, or online at chelseagroton.com, 5-Star rated Chelsea Groton Bank is ready, willing and able to serve the individuals, businesses and organizations throughout the region. This press release was produced by Chelsea Groton Bank. The views expressed here are the author's own.