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2017 Annual Report

Learn. Grow.Share.

Together.

We do all we can to help you succeed in big and small ways.

2 Chelsea Groton Bank

Table of Contents3 President’s Message

4 Bank Highlights

6 Community

8 Reinvention

10

Teamwork

12 Individuals & Families

14 Business

16 Investments

17 Financials

18 Leadership

Our mission We help customers and communities achieve their specific goals by taking them on as if they were our own.

Our vision We will be the bank that redefines all that a bank can be and do for people, businesses and communities.

Our values Exceptional Service, Amazing Employees, Thriving Businesses and Communities, Lasting Partnerships.

32017 Annual Report

We do all we can to help you succeed in big and small ways.

Chelsea Groton Bank is a very special place. It all starts with great employees who truly care about their customers, their communities, and each other. That genuine warmth is what’s so appealing to our customers and what sets our service apart from other financial institutions. This is all supported by our Corporators and Trustees who view our mutuality not just as a form of governance, but as a way of doing business. We all truly believe that if we can help to make our customers and our communities successful, then we will be successful too.

You’ll see from the following pages that 2017 was an extraordinary year for us. Our strategy is based on two simple ideas. First is to have helpful, well-informed, enabled employees available in convenient locations, and the second is to provide our customers with the tools to be able to do their banking whenever they want, and however they want. This combination of personal service and technological convenience is a winning formula. Our positive growth, satisfaction, and engagement measurements are all a testament to our success.

Our newly remodeled Center Groton Branch is a living laboratory, allowing us to test out new ways to improve our business model. The emphasis is on relationship building and education. The environment is warm and friendly, the seating areas are conducive to conversation, and the continual education classes give people a reason to visit with us to enhance their knowledge and financial acumen. Likewise, we continue our investments in technology, like a new web-based residential loan application system which allows customers to apply online or with an experienced mortgage professional, and monitor the progress of their loan throughout the approval process. We want customers to have the best possible experience regardless of whether it’s in a branch, online or on the phone.

We are who we are today because of the foresight our founders had, and we reflect often on the importance of staying true to their ideals. But we also look eagerly towards the future and thinking about how we can improve ourselves. With so much change in the world there comes opportunity. We have the size, the capital, the market presence and the people to fulfill our vision of redefining all that a bank can be. I am thrilled personally to be a part of that process. Thank you for your support as we learn, grow and share together.

B. Michael Rauh, Jr.President and Chief Executive Officer

Message from Our President

B. Michael Rauh, Jr.President and Chief Executive Officer


2017 was a year of Achieving Together.

52017 Annual Report

96.11%

2017 was a year of Achieving Together.

$808,771

144

“ “Community banks, like Chelsea Groton Bank, promote local growth by investing back into the same neighborhoods that their deposits come from. By fostering these local relationships, they achieve two goals: they are highly capitalized and they are accountable to their customers.

BauerFinancial is the Nation’s Premier Bank Rating Firm and awarded Chelsea Groton Bank a 5 Star rating. Chelsea Groton Bank has maintained this rating for 95 consecutive quarters and achieved the status of a “Sustained Superiority Bank”. “Sustained Superiority Banks” have maintained Bauer’s highest rating longer than 90% of the industry, proving once again that Chelsea Groton Bank is among the strongest in the industry.

Karen L. Dorway President of BauerFinancial*

Customer satisfaction

$25 MillionBusiness deposit growth year over year

152 First-timehomebuyers assisted

Total charitable donations(including Foundation)

Financial literacyclasses taught

$69in new commercial loans

Million

*

Community giving soared with increased Foundation grants and employee-led initiatives.

The Chelsea Groton Foundation

Acts of Kindness Donations

Food, Clothing and Supply Drives

Event and Team Sponsorships

Free Financial Literacy Classes throughout the Bank’s Footprint

College Scholarships

Employee Volunteerism

Chelsea Groton has been a pillar of the community for over 160 years. This year, employees took the lead and the Bank stepped up to support the issues closest to our employees’ hearts. Marjarie Perrone continued to collect socks and has donated over 1,800 pairs to New London Homeless & Hospitality and New London Covenant Shelter. Alyssa Bryan was instrumental in putting together a Hurricane Relief Drive that provided aid in St. Maarten.

The mother of our Niantic Branch Manager Dana Chapel spent her summer crocheting “chemo caps” which were given out to customers who were in need of extra care and comfort due to cancer treatment. Alyssa Kumpf, a Girl Scout Troop leader, led the charge on holding School Supply Drives in three of our branches. Larry Walker recruited employee volunteer “penguins” and held Bank-wide fundraisers to support the Special Olympics Connecticut Penguin Plunge. Employees donated over $15,000 across 35 organizations through employee-hosted Casual for a Cause Fridays, held throughout the year.

in Foundation Grants Presented to Area Organizations

$452,774

Comfort chemo caps given out at branches

Three Rivers College Foundation Grant Presentation


72017 Annual Report

– Marjarie Perrone Customer Service Specialist

Salem Branch

“ “I couldn’t be more grateful to work for a company, and with customers, who have so generously supported my efforts.

$452,774

Hurricane Relief Drive

Discovering Amistad Grant Presentation at Mystic Seaport

Sock Drive for New London Homeless & Hospitality and New London Covenant Shelter

Employee Volunteer Hours

6,883

Chelsea Groton Bank

Renovations occurred to turn Center Groton into a reinvented branch where learning and collaboration are all around, with state-of-the-art technology, welcoming workspaces, and all new ways to think about managing your finances.

Since the branch’s big reveal, customers have come in to learn about saving for their future, enjoy countless cups of joe at the knowledge bar, borrow books from the lending library, and attend financial education programs and social events. The reinvented branch has become a place where the community can feel confident, comfortable, and excited about their financial future.

164YEARS STRONG AND WE’RE STILL LEARNING, GROWING & SHARING!

Educational Classes on near-daily basis

Community Events

Video Conference Center

Coffee Brewing Daily

Lending Library

Life Event Planning

A banking Reinvention took place at our Center Groton branch.

Center Groton Grand Opening Celebration

Making the most of construction8

“

92017 Annual Report

“

“

I’m a 76 year old customer who needed help! Kristen was amazing and reduced my anxiety about online banking!

– Mary Longtime Customer, New to Online Banking

Mystic, CT

We constructed an environment that is conducive to better communication and learning.

– Michael RauhPresident & CEO

“

Business Book Club

Tashawn Ward, Customer Solutions Associate

Community Education Class


Our success is due to our collaborative Teamwork and performance.

BVS Online Training Courses

In Classroom Skills Training Courses

Exceptional Service – The Chelsea Way Training Program

Chelsea Professional Management Series

The Chelsea Activity Team

CFit Wellness Program

Chelsea Acorn Rewards Program

Retirement Preparation Program

Courses Completed by Employees

7,724Summer Employee event

Donated by Employees to Area Non-Profits$53,034

Treating the community to ice cream

St. Patrick’s Day Parade

Volunteering time & talent

112017 Annual Report

“

Awards, Honors, Certificates and PromotionsMichael Rauh presided as Chairman of the Connecticut Bankers Association and was named Chairman of the Board of Directors of L+M Healthcare and Lawrence + Memorial Hospital.

The Connecticut Bankers Association named Matt Morrell a “New Leader in Banking” for 2017. Jamie Goulas graduated from the Greater Norwich Area Chamber of Commerce L.E.A.D. program.

Matt Morrell and Melinda Burridge completed the Chamber of Commerce of Eastern Connecticut Leadership Program.

Giusy Beaman, Penni Harlow and Jennifer Seuferling graduated from the Connecticut School of Finance and Management (CSFM).

Lauren Arpin, Alyssa Bryan, Jessica Charette, Dawn DeCristofaro, Lori Dufficy, Ruth Eckhoff, Kelly Hoadley, Colleen Kluberdanz, Lisa Lamphere, Elizabeth Owen, and Marjarie Perrone received Center for Financial Training (CFT) diplomas/certificates.

Rachel Carlson completed her Mortgage Bankers Association coursework and became an Accredited Mortgage Professional (AMP).

Alyssa Bryan, Megan Foster, Tom Gouin, Alyssa Kumpf, and Elizabeth Owen each received a Chelsea Award, the annual award given to employees who are recognized for exceptional performance in the areas of sales, initiative, customer service, or a combination of these areas.

Beth Glynn and Alex Masse received the George Strouse “Spirit” Award, which is given annually to employees who embody, and consistently demonstrate, the values and spirit of Chelsea Groton Bank.

Seventeen promotions were announced at the December 2017 Board meeting – Anthony Joyce – Senior Loan Officer and Executive Vice President, Michael Sheahan – Director of Retail Lending and Executive Vice President, Richard Morelli – Executive Vice President and Corporate Secretary, William Lidestri – Executive Vice President, Lori Dufficy – Executive Vice President, Denise Fournier – Vice President, Richard Balestracci – Commercial Loan Officer and Vice President, Jessica Todd – Director of Finance, Jennifer DeLucia – Accounting Manager and Assistant Vice President, Susan Bailey – Retail Lending Underwriter II and Assistant Secretary, Ana Healy – Assistant Secretary, Carleen Lee – Assistant Secretary, Kelly Meakem – Business Banking Supervisor and Assistant Secretary, Jennifer Seuferling – Assistant Secretary, Lize-Anne Stewart – Assistant Secretary, Marielle Winkelman – Assistant Secretary, and Alysha Yepes – Assistant Secretary.

It really feels amazing to be a part of the Chelsea family!

– Alyssa Bryan Senior Direct Banking

& eCommerce Rep

Courses Completed by Employees

7,724

“


From teaching a customer how to use our online banking platform, to setting a family up with the right affordable lending product for their situation, to discussing the loan types that make the most financial sense, Chelsea Groton employees pride ourselves on our ability to work alongside our customers. We find the right solution for their individual needs, and work with customers until the process is complete and all questions or concerns have been satisfied.

*The Warren Group, Inc. Mortgage Marketshare Module Report- All Residentials, All Regions in New London County, CT Annual 2017

We helped more Individuals & Families feel good about their future.

505 Families’ Home Dreams Realized

Personal Checking Accounts

Personal Savings, HSAs and Money Market Accounts

CDs & IRAs

Online and Mobile Banking

Personal Loans

First-time Homebuyer and Affordable Lending Programs

Connecticut Housing Finance Authority (CHFA)

Federal Housing Administration (FHA)

Veteran’s Administration Home Loans (VA)

United States Department of Agriculture (USDA)

Down Payment Assistance and Grant Programs (FHLB EquityBuilder, HDF SmartMove, CHFA DAP)

Education Classes for Realtors, First-Time Homebuyers, and more

Conventional Mortgage Products

Fixed Rate Mortgages

Adjustable Rate Mortgages

Home Equity Products

Home Equity Lines of Credit (HELOC)

Fixed Rate Home Equity Loans

Specialty Financing

Jumbo Financing

Bi-Weekly Payment Loans

Construction-Permanent Loans

Bridge Loans

Realtor Classes for Continuing Education Credits

#1 Provider of Financing for Home Purchases in New London County.*


– Jennifer & JonasFirst Time Homebuyers

Norwich, CT

“

I wanted to thank you for all your work and support in helping us purchase our first home. I cannot express how happy and blessed I was to have you as my power team…you’ve made us the happiest couple in the world right now.

“ Financial topics covered in our Community Education Seminars

“ – Brian

Homeowner Niantic, CT

The team could not be more helpful. After reviewing options together, we chose to refinance and saved money in the long run!

“

23

Lending Library at Center Groton Branch

Demonstration of new technology at Center Groton Branch

#1 Provider of Financing for Home Purchases in New London County.*


And we took on more Business goals as if they were our own.

Getting to know the needs of local businesses is a top priority for us. After all, we’re problem solvers. Whether a business is in need of a loan, line of credit, or a secure cash management solution that will improve efficiencies, Chelsea Groton is committed to working alongside customers to solve their challenges, and to support business owners every step of the way.

EXPANDED OUR REACH INNEW LONDON, MIDDLESEX, HARTFORD, NEW HAVEN, AND FAIRFIELD COUNTIES.

$234Commercial Lending Portfolio Reached

Million

I never heard of a bank going above and beyond for a hopeful business owner before. The Chelsea Groton team was incredibly customer-focused. They believed in me and my bakery’s concept. They understood my vision, and could see the value in it.

“

“

– Adam YoungOwner & Pastry Chef

Sift Bake Shop, Mystic, CT

15 Chelsea Groton Bank 152017 Annual Report

Lending Solutions

Working Capital Revolving Lines of Credit

SBA Preferred Lenders Program Loans

Term Loans for Equipment, Commercial Vehicles or Permanent Working Capital

Commercial Real Estate Mortgages

Commercial Construction Loans

Standby Letters of Credit

Business Checking Accounts

Business Prime Checking

Business Relationship Checking

Business Analysis Checking

Business Sweep Checking

Non-Profit Checking

Interest on Lawyer’s Trust Account

Interest on Real Estate Brokers Trust Account

Business Savings Account

Money Market Account

Sweep Accounts

Cash Management Tools

ACH Origination

Remote Deposit Capture

Merchant Credit Card Processing

Online Banking

Entitlements

Business Debit

Business Rewards Cards

Purchase Cards

Bill Pay

Lockbox Services

Positive Pay

EXPANDED OUR REACH INNEW LONDON, MIDDLESEX, HARTFORD, NEW HAVEN, AND FAIRFIELD COUNTIES.

Million“

“

We were interested in purchasing a property for our business, so we contacted the Bank’s commercial lending department. The team was knowledgeable and responsive, and made what could have been an incredibly stressful situation a pleasant experience. We were then introduced to the Business Banking team who listened intently to our needs. Within days they proposed cash management tools that would be beneficial to us. They literally climbed behind my desk to install the check reader for me, talk about service!

– Bonnie BoothroydOffice Manager

TrueFlow LLC, Lebanon, CT

Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA / SIPC. Chelsea Groton Financial Services is a trade name of the Bank. Infinex and the Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.

Wealth Management StrategiesRetirement Planning Products

Traditional IRA

Roth IRA

401(k), 403(b) SIMPLE Plans

Endowments

Tax Deferred Annuities

Insurance & Risk ManagementLife Insurance

Long-Term Care Insurance

Fixed and Variable Annuities

Buy–Sell Insurance

Key Person Insurance

Business Valuations

Education Planning529 College Savings Plans

Coverdell ESAs

Custodial Accounts

The Chelsea Groton Financial Services team helped more members of the community prepare for their futures through financial counsel than ever before. Additional time was spent in branches and at area businesses, working with clients on the ground to understand the financial challenges they face and determining how to best help clients meet their goals.

Named Best Financial Advisor by readers of The Day and Best Financial Services by readers of Norwich Magazine, Chelsea Groton Financial Services was one of Infinex’s top Financial Plan creators this year. In addition, Bob Fradette, CFP®, CLTC, ChFC, Vice President, Financial Advisor, Infinex Investments, Inc., was named a 2017 Connecticut Five Star Wealth Manager by Five Star Professional.

“We take a holistic approach to planning. We care about maintaining the trust of customers and the community for many generations to come.

– John Uyeki SVP, Director of Financial Services

Financial Advisor, Infinex Investments, Inc.

“

Our client relationships are our most importantInvestment.

Increase in Total Revenue30%

The team ensured local families had a home, by volunteering at Habitat for Humanity Build Days.


Consolidated Statements of Income

For the Years Ending Dec. 31, 2017 and 2016 2017 2016

Total Interest and Dividend Income $34,934,193 $33,624,409

Total Interest Expense $1,850,514 $1,921,677

Provision for Loan Losses $480,000 $790,000

Net Interest Income After Provision for Loan Losses $32,603,679 $30,912,732

Total Noninterest Income $8,977,141 $10,228,755

Total Noninterest Expense $30,990,781 $31,681,488

Income Before Income Tax Expense $10,590,038 $9,459,999

Income Tax Expense $4,502,384 $2,455,915

Net Income $6,087,654 $7,004,084

$1 billion total assets in 2017

$33 million loans increased from 2016

$24 million deposits increased from 2016

Increase in Total Revenue

Our exceptional service and lasting partnerships drive our Financial results.



Marilynn MalerbaChief

Mohegan Tribe

Betsy ConwayGeneral Counsel

Mashantucket Pequot Tribal Nation

B. Michael Rauh, Jr.President and CEO

Chelsea Groton Bank

Thomas R. SwitzPresident

Switz Insuranceand Real Estate

Leadership Executive Management

B. Michael Rauh, Jr. President and Chief Executive Officer

Jeffrey J. Frenette Senior Vice PresidentDirector of Technology

Anthony A. Joyce, III Executive Vice President Senior Loan Officer

William J. Lidestri Executive Vice President Director of Operations and Technology

Richard J. Morelli Executive Vice President Corporate Secretary, CFO

Jennifer L. PensaSenior Vice President Director of Operations

Michael T. Sheahan Executive Vice President Director of Retail Lending

Judith C. Stumpo Senior Vice President Director of Risk Management

Laureen E. Tracy-Dufficy Executive Vice President Director of Sales and Service

John R. Uyeki Senior Vice President Director of Financial Services

Carolyn E. Welch Senior Vice President Commercial Lending Manager

Anne H. Wilkinson Senior Vice President Director of Human Resources

Board of Trustees

Mary Ellen Jukoski, Ed.D.President

Three Rivers Community College

Dennis J. Cambria, DDSDentist

P. Michael LahanAttorney at Law

D. Ben BenoitPresident

PCW Management Center, LLC

Front row from left: Richard Morelli, John Uyeki, Jeffrey Frenette, Judith Stumpo, William Lidestri, Back row from left: Anthony Joyce, Jennifer Pensa , Laureen Tracy- Dufficy, Michael Rauh, Anne Wilkinson, Carolyn Welch, Michael Sheahan.


Seymour Adelman Dr. Michael Alfultis Louis E. Allen, Jr. Alexis Ann Carl Banks Edward Bartelli Wilfred J. Blanchette, Jr. Neil H. Blinderman Mark E. Block Richard E. Blodgett, Jr. Allyn L. Brown, III Ellen C. BrownLeo E. Butler Jr. Pietro Camardella Stanley A. Cardinal Dr. Steven B. Carlow Cynthia J. Casey John A. Collins, IIIPaul A. Connor

Fred A. Conti Valerie Cordock John A. Cotter Lori Danis Daniel R. Dennis, Jr. Abby I. Dolliver Irene Donovan Michael E. Driscoll David P. Erskine Ralph G. Fargo Gary Farrugia Peter S. Gianacoplos Denison N. Gibbs Scott Gladstone Robert H. Glass, Jr. Jeffrey R. Godley Michael A. Goldblatt Peter F. Grader Ulysses B. Hammond

Theodore A. Harris Leah A. HartmanNancy J. Hillary* Lloyd E. Hinchey Thomas M. Hinsch Cathleen J. HollandPeter Hoops Richard M. Hoyt, Jr. John J. James Eric M. Janney Louida O. Jones Margarett L. Jones Nicholas F. Kepple Jon T. Kodama Robert V. Krusewski Theodore M. Ladwig Christopher B. Lillibridge Edwin Lorah Dr. Jennifer J. Lowney

Ivan J. Martin, Jr. Paul V. Mathieu Nancy B. McLoughlin Jeffrey A. McNamara Santa Mendoza Forbes M. Meston Wilhelm W. MeyaTheodore S. Montgomery Marjorie P. Moore* John Paul Morales Dr. Naomi Nomizu Mark R. Oefinger Edward Oliveira Andrew C. Pappas Patricia A. Pastor Helga Pfanner Linda PhillipsMeagan E. Seacor Lottie B. Scott

Gertrude B. Smith John M. Smith William A. Stanley Kathleen A. SteamerElmer G. Story* Robert W. Tabor J. Roger Tamer Laurelle Texidor Thomas J. Tsagarakis William F. Turner Robert A. Valenti Edward J. Waitte David A. WhiteheadDonna L. YotherCatherine L. Young

*Deceased

Corporators

OfficersVICE PRESIDENTS Kelly L. AllardLoan Servicing Manager

Katherine M. Allingham Assistant Director of Risk Management

Kathryn D. AlvesCredit Department Manager

Richard L. Balestracci Commercial Loan Officer

Keith D. Caplet Business Development Officer

Rachel E. Carlson Retail Lending Operations Manager

Marie A. Carmenati Retail Lending Underwriting Manager

William D. CheckoskyCommercial Loan Officer

Dawn M. Day Retail Lending Secondary & Compliance Manager

Dawn E. DeCristofaro Commercial Loan Officer

Joseph F. DeMayoCommercial Loan Officer

James M. ElliottFinancial Advisor

Denise A. FournierDirector of Internal Audit

Robert R. Fradette, CFPFinancial Advisor

Tamela D. HigginsHuman Resources Manager

Alexander M. Masse Business Banking Manager

Matthew B. MorrellRetail Lending Sales Manager

Paulette A. RetsinasFinancial Advisor

Kathleen A. RinglerFinancial Advisor

Hillary R. RyanBusiness Intelligence Manager

David W. Stone Commercial Loan Officer

Jessica L. Todd Director of Finance

Larry S. Walker Technology Services Manager ASSISTANT VICE PRESIDENTS

Ishmael D. BryanCollection Manager

Melinda M. Burridge Regional Sales and Service Manager

Christina M. Caplet Regional Sales and Service Manager

Dana S. ChapelNiantic Branch Manager

Harry P. Colonis Business Development Officer

Barbara P. Curto Marketing Manager

Jennifer L. DeLuciaAccounting Manager

Sarah A. Dion Senior Auditor

Jennifer L. EastbourneFinancial Services Program Coordinator

Beth A. Glynn Retail Loan Originator

Cynthia M. Harris Norwichtown Branch Manager

Alexis KahnBusiness Banking Officer

JoAnn Lynch Sprague Branch Manager

Jean M. McGran Regional Sales and Service Manager

William G. Mundell Direct Banking and e-Commerce Manager

Donna H. Parrotte Groton Branch Manager

Frank Reiss, III Technical Services Specialist II

Patricia M. Rodgers-Longo Retail Loan Originator

Allison L. SilvaRetail Lending Underwriter II

Max A. SpelmanDeposit Operations Manager

Denise T. Stapienski Training Manager

Karen S. Stearns Retail Branch Lending Specialist

Donna L. Thompson Security and Loss Prevention Manager

ASSISTANT TREASURERS

Kelly M. Hoadley Senior Credit Specialist

Yana E. Kozleva Senior Auditor

Nancy A. Murphy Data Management Specialist

Debra M. PrzyluckiGeneral Ledger Manager

Richard J. Turner Retail Loan Originator ASSISTANT SECRETARIES Marta Amor-Baker Retail Loan Originator

Susan Bailey Retail Lending Underwriter II

Giusy R. Beaman Branch Operations Manager

Mandy-Lyn Crispim Norwich Branch Manager

Lisa M. Fields Purchasing Manager

Elvira Fiore-Labrecque Customer Care Center Manager

Penni A. Harlow Mystic Branch Manager

Ana Healy Retail Administrator and Skills Coach

Linda M. Kosta Commercial Lending Representative

Carleen M. Lee New London Branch Manager

Michele M. Magowan Retail Internet Lending Specialist

Sonya Manley Training Specialist

Kelly E. Meakem Business Banking Supervisor

Regan A. Nichols Pawcatuck Branch Manager

Christina A. Nocito BSA Analyst

Anne E. Ricatta Commercial Lending Representative

Kristen S. Scott Customer Solutions Manager Jennifer L. Seuferling North Stonington Branch Manager

Aline J. Soulor Salem Branch Manager

Lize-Anne Stewart Financial Analyst

Miria Toth Community Education Officer

Marielle S. Winkelman Waterford Branch Manager

Alysha A. YepesWestside Branch Manager

Executive Management

Chelsea Groton Bank

860-448-4200

chelseagroton.com

[email protected]

facebook.com/ChelseaGroton

twitter.com - @ChelseaGroton

linkedin.com/company/chelsea-groton-bank

Center Groton1319 Gold Star Highway860-448-4242

Glastonbury (Lending Center Only)

273 Hebron Avenue860-934-1300

Groton904 Poquonnock Road860-448-4252

Mystic2 Water Street860-572-4012

Mystic Auto Bank Express50 Stonington Road860-572-4082

New LondonOne Montauk Avenue860-448-4232

Niantic21 Pennsylvania Avenue860-448-4282

North Stonington391 Norwich Westerly Road860-572-4052

NorwichOne Franklin Square860-823-4912

Norwichtown50 Town Street860-823-4922

Norwich, Westside444 West Main Street860-823-4962

Pawcatuck116 West Broad Street860-599-2406

Salem20 Hartford Road860-823-4942

Sprague156 Willimantic Road860-823-4932

Waterford157 Boston Post Road860-448-4262

Feel good about your bankk

The largest network of full service branches and ATMs of any bank or credit union in New London County.

Connect with Us in branches, by phone or online.

LOCAL PHOTO CREDITSFRONT COVER: Avery Point Lighthouse photo ©Erin Reemsnyder

Pg. 3–Center Groton Branch photo ©John Spinnato

Pg. 5–Winding road photo ©John Spinnato

Pg. 12–Family with dog photo ©Gina Rubin

Pg. 14–Bridge photo ©John Spinnato

Documents

Learn. Grow. Share. Together. - chelseagroton.com · about how we can improve ourselves. With so much change in the world there comes ... we learn, grow and share ... customers have