2. Chelsea Groton Bank

Chelsea Groton Bank


Overview / Commentary
www.chelseagroton.com
860-448-4200
One Franklin Square
Norwich, CT 06360

Chelsea Groton Bank is headquartered in Norwich and is the 11th largest bank in the state of Connecticut. It is also the 695th largest bank in the nation. It was established in 1854 and as of June of 2019, it had grown to 214 employees at 14 locations. Chelsea Groton Bank has an A health rating.

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Health
A

Data as of Q2 2019

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Health Grade Components

Overall
FDIC Certificate #18238
Year Established1854
Employees214
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.96%
Return on Equity - YTD12.64%
Annual Interest Income$20.9MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.15B$1.11B
LoansQ2 2019vs Q2 2018$846.3MM$816.2MM
DepositsQ2 2019vs Q2 2018$903.1MM$895.1MM
Equity CapitalQ2 2019vs Q2 2018$182.2MM$163.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.1MM$7.1MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.5MM$7.1MM
Real Estate OwnedQ2 2019vs Q2 2018$183.00K$1.1MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chelsea Groton Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-IRA Statement
OTHER TIERS: 0.05% → $25 - $25k
0.10%*$5k*-Passbook Relationship Savings
OTHER TIERS: 0.05% → $25 - $5k
0.10%*$5k*-Statement Relationship Savings
OTHER TIERS: 0.05% → $25 - $5k
0.10%$25-Municipal Investment Sweep
0.10%--Business Investment Sweep Account
0.05%$25-Statement Savings
0.05%$25-Passbook Savings
0.05%--Vacation Club
0.05%-$1mHoliday Club
0.05%$25-Chelsea U Savings
0.05%--Business Savings

Chelsea Groton Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Business Money Market
OTHER TIERS: 0.05% → $25 - $25k
0.10%*$25k*-Money Market Relationship Account
OTHER TIERS: 0.05% → $25 - $25k
0.05%$25-Money Market Account

Chelsea Groton Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Relationship Checking
0.01%$25$1m50 Plus Checking

Chelsea Groton Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-60 Month Relationship CD
1.20%$500-60 Month CD
1.10%$500-48 Month Relationship CD
0.90%$500-48 Month CD
0.85%$500-36 Month Relationship CD
0.85%$500-42 Month Relationship Bump Up CD
0.75%$500-30 Month Relationship CD
0.65%$500-36 Month CD
0.55%$500-24 Month Relationship CD
0.55%$500-30 Month CD
0.40%$500-15 Month Relationship Bump Up CD
0.40%$500-18 Month Relationship CD
0.35%$500-24 Month CD
0.25%$500-12 Month Relationship CD
0.25%$500-18 Month CD
0.15%$500-12 Month CD
0.15%$500-6 Month Relationship CD
0.10%$500-6 Month CD
0.10%$500-3 Month Relationship CD
0.05%$500-3 Month CD

Chelsea Groton Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-60 Month Relationship IRA
1.20%$500-60 Month IRA
1.10%$500-48 Month Relationship IRA
0.90%$500-48 Month IRA
0.85%$500-36 Month Relationship IRA
0.85%$500-42 Month Relationship Bump Up IRA
0.75%$500-30 Month Relationship IRA
0.65%$500-36 Month IRA
0.55%$500-24 Month Relationship IRA
0.55%$500-30 Month IRA
0.40%$500-15 Month Relationship Bump Up IRA
0.40%$500-18 Month Relationship IRA
0.35%$500-24 Month IRA
0.25%$100-12 Month Relationship IRA Flexible
0.25%$500-12 Month Relationship IRA
0.25%$500-18 Month IRA
0.15%$100-12 Month IRA Flexible
0.15%$500-6 Month Relationship IRA
0.15%$500-12 Month IRA
0.10%$500-3 Month Relationship IRA
0.10%$500-6 Month IRA
0.05%$500-3 Month IRA
Locations

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