www.HartfordBusiness.com • May 25, 2020 • Hartford Business Journal 9
LEADERSHIP IN A TIME OF CRISIS
To our Connecticut Business Community:
Chelsea Groton Bank has been a bastion of strength and
support in Connecticut since before the Civil War. For more
than 165 years we have been serving our customers and com-
munities through famines, storms, pandemics, crashes, wars
and more. This particular event is a healthcare issue with
very serious economic implications. First and foremost, we
send a heartfelt "thank you" to all of the incredible frontline
workers in our community.
I couldn't be more proud of the Chelsea Groton team for
how they've mobilized to help thousands of customers and
community members in their time of need. With rates as low
as they are, we're handling a record number of mortgage re-
financing and new home purchases. As more folks have been
furloughed and struggling to make loan payments, we've
approved temporary deferments on existing loans, waived
fees and our dedicated team has helped to secure low cost,
forgivable Small Business Administration (SBA) loans for
local businesses and non-profits, providing funding for more
than 5,000 jobs in our region.
I'm proud to share that our Chelsea Groton Foundation
has contributed more than $350,000 so far to emergency
relief efforts and to support the ongoing work of many area
non-profits. The Bank has also increased its efforts to offer
financial education resources through our community educa-
tion program, Chelsea University, and on social media sites.
We invite members and non-members of the Bank to visit
chelseagroton.com/ChelseaUniversity to access the compli-
mentary E-Learning Center and to register for complimen-
tary financial education and business webinars.
While this is certainly a time of much uncertainty for
individuals and businesses in our community, we will come
out of this together. We will continue to be supportive and re-
sponsive for however long it takes the community to recover
from this. I wish good health and strength to all experiencing
loss at this time. If there is anything Chelsea Groton can do
to support you, please reach out to us.
B. Michael Rauh
President and CEO
Chelsea Groton Bank
904 Poquonnock Rd., Groton, CT 06340 | ChelseaGroton.com | (860) 448 4200
