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.
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Editor s note: This corrects the first name of Jenn Pensa, who is overseeing the project for Chelsea Groton Bank.
Groton Chelsea Groton Bank has submitted plans for a major overhaul of its headquarters building and bank branch on Poquonnock Road.
An artist s rendering of the project, unveiled during the bank s annual meeting Tuesday, shows a building update featuring plenty of glass, with the intent of modernizing the building inside and out, according to bank President Michael Rauh. The current design is somewhat dated and we want the new design to reflect the contemporary nature of our business and our company, Rauh said in an email Wednesday. We also want it to be a great place for people to come and work so the interiors are also much improved.
ALCHIMIE: Alchimie: Confirmation of Targets Announced at the Time of Alchimie s IPO With a Better-than-expected 2020 Revenue
Operational targets achieved: 70 channels and 330,000 subscribers by the end of 2020
Target of achieving operational breakeven in Q4 2022 confirmed
Cash position of €15 million at December 31, 2020
Webinar April 27, 2021 at 6pm CEST
https://us02web.zoom.us/webinar/register/WN - 5EhXXsQnCSPYhki9W5nw
Regulatory News:
ALCHIMIE (Paris:ALCHI) (FR0014000JX7 ALCHI Eligible for PEA-PME equity savings plans), an OTT (over the top) subscription video on demand (SVoD) platform featuring original and exclusive thematic channels published jointly with media groups and talents, is today announcing its consolidated results for the year ended December 31, 2020 as approved by the Board of Directors on April 22, 2021.
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