The round-the-clock efforts of a largely remote workforce establishes Chelsea Groton as leader in PPP Loans, Mortgages and Places to Work in Eastern CT
GROTON, Conn., May 4, 2021 (SEND2PRESS NEWSWIRE) â Chelsea Groton Bank reported impressive financial, educational, technical and community-based accomplishments at its 166th Annual Meeting which was conducted over Zoom on Tuesday, April 27, 2021. President and CEO Michael Rauh presented the Bankâs 2020 results to Bank officers, Board members and Corporators.
âOur focus has always been on helping individuals, families and businesses succeed in big ways and small by putting more effort into everything we do. Our team was incredibly focused on the needs of our customers, and doing whatever it took to help them succeed in the most challenging circumstances,â shared Rauh. âThe result was a banner year from a financial perspective, but more importantly, a year where we were everything a community bank is meant
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Groton In a year defined by fallout from a worldwide pandemic, Chelsea Groton Bank reported this week profits that were largely unsullied by economic turmoil.
Sure, profits were down slightly from a record-breaking year in 2019, but bank President Michael Rauh said he was pleased with the results. He was especially happy that the bank withstood the pandemic-fueled economic downturn as its foundation handed out $1 million to nonprofits in need double the amount it had been giving out most recently. I couldn t be more proud of how everybody came together . doing what was right for our customers, our community and each other, Rauh said Monday in a Zoom interview in anticipation of Chelsea Groton s annual meeting Tuesday, when 2020 financials were released.