Chelsea Groton Bank
FDIC #18238
📍 Groton, Connecticut
Chelsea Groton Bank is a commercial bank (si) established in 01/01/1854. With assets of $1.61 Billion, it operates 14 domestic branches.
Customer Reviews
5 ★
Based on 1 ratings
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★★★★★ Resu E
May 13, 2019
It is a friendly bank.
Community Reinvestment Act (CRA) Rating
Latest Exam: January 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
January 1, 2024
Satisfactory
April 1, 2020
Outstanding
June 1, 2017
Outstanding
💰 Financial Strength
Total Assets$1.61 Billion
Total Deposits$1.29 Billion
Equity Capital$195.66 Million
Net Income$14.32 Million
📈 Performance
ROA1.21%
ROE9.73%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1854
FDIC Cert18238
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday8:30 AM - 4:00 PM
Tuesday8:30 AM - 4:00 PM
Wednesday8:30 AM - 4:00 PM
Thursday8:30 AM - 4:00 PM
Friday8:30 AM - 5:00 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2021
Relocation
Moved HQ to: 904 Poquonnock Road, Groton, CT 06340.
2011
Name Change
Name became: Changed Institution Name To Chelsea Groton Bank.
1987
Name Change
Name became: Changed Institution Name To The Chelsea Groton Savings Bank.
1987
Relocation
Moved HQ to: One Franklin Square, Norwich, CT 06360.
1982
Merger / Acquisition
Acquired: The Chelsea Savings Bank