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n e w h a v e n b i z . c o m | S e p t e m b e r 2 0 2 2 | n e w h a v e n B I Z 17 EXECUTIVE FIAT | WALLINGFORD, CT VALENTI CHEVROLET | WALLINGFORD, CT PARTYKA MAZDA | HAMDEN, CT WALLINGFORD BUICK | WALLINGFORD, CT Driven By Your Success R e t a i l • I n d u s t r i a l • C o m m e r c i a l • I n s t i t u t i o n a l • E d u c a t i o n • H e a l t h c a r e • R e l i g i o u s Auto dealership construction is a specialty of ours. Over the years, PDS has had the great privilege of working closely and often with some of the area's most respected names. Having built over a dozen dealerships in our history, we work to build lasting relationships based on trust and communication. With in-house disciplines of engineering from civil to mechanical, PDS can design the right building to fit your budget and timeline. THINK • PLAN • BUILD 860.242.8586 | pdsec.com will be a multimillion-dollar annual investment over five years, with projec- tions of breaking even in year three. "We have 12,000 small business cus- tomers at Liberty," Mitchell said. "We will surpass that quickly with the digital bank." n By Jean Falbo-Sosnovich C helsea Groton Bank recently broke ground on a modern-day makeover to the bank's headquarters. Bank officials were recently joined by the proj- ect contractor, Carlin Construction Co. of New London, and architect, Bisbano + Associates of Providence, R.I., for a groundbreaking ceremony at the bank's headquarters, at 904 Poquonnock Road in Groton. e project features "a complete, inside-and-out rethinking of the workplace, as well as a reinvented branch designed around delivering … an environment conducive to learning and collaboration," bank officials said. Chelsea Groton has a branch located on the ground floor of the headquarters building, and it will remain open during renovations. e project will include the addition of large video- conferencing rooms designed for personal enrichment programs and public gatherings, according to Tony Joyce, executive vice president and chief operating officer. Officials didn't disclose the project cost, but expect renovations to be complete in late summer 2023. e reinvented bank branch will be designed with learning, mentoring and collaboration in mind, Joyce added. e bank has been overhauling its branches away from traditional transactional spaces to make them more appropriate for classes, conversations and group gatherings. Chelsea Groton Bank, with $1.5 billion in assets, has 14 branch locations throughout New London County and a loan production office in Hartford County. n B y T h e N u m b e r s Chelsea Groton Bank breaks ground on renovation project Chelsea Groton Bank leaders recently broke ground on a renovation project at the bank's headquarters. PHOTO | CONTRIBUTED Liberty Bank $7.5 billion Total assets $1.9 million First quarter net income $81.2 million 2021 net income Customer house- holds, including business and personal banking 173,335 53 Operating offices Source: Federal Deposit Insurance Corp., Liberty Bank