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Chelsea Groton Bank April 2016
Business Matters Chelsea Groton understands big business concerns, small business needs... and where the two intersect.

Taking a Swing at Funding Fox Hopyard

Fox HopyardThe Sandri family began their local New England business empire in 1930 when A.R. Sandri leased his first gas station in Greenfield, MA. After decades of developing his gas station business, A.R.'s son Bill joined the business and they continued to expand in the gas station and heating fuel industries. Years later, Bill purchased Crumpin-Fox Club in Bernardston, MA and turned it from a 9-hole golf course, into an 18-hole club. Interested in building a course from the ground up, Bill began to look at sites in Southern Connecticut, and stumbled upon land in East Haddam in the late '90s. The grounds, which had ideal terrain for a course, looked to be the perfect spot. Bill received funding and permits for the land, and the course was soon under construction. The project was completed in 2001, and in 2012, Chelsea Groton was approached to provide Fox Hopyard with a commercial loan that would cover the re-financing of the existing loan, as well as closing costs. > Read More

News You Can Use: New Business Product Suite Now Available

News You Can UseChelsea Groton Bank is excited to offer a new suite of tiered checking and deposit products. Our account choices will allow businesses and organizations to have their needs met at each level of growth. Some options will also enable customers to increase returns, reduce interest expenses, prevent overdrafts and ultimately better manage their finances. Visit our website for more information on the products and to learn how we strive each day to help our customers reach their goals.

Benefits of Business Banking: Options for Simplified Pay Cycles

Rlan One CardChelsea Groton Bank recently partnered with Elan to offer customers a One Card program that enables businesses to centralize and automate payment and reconciliation processes, simplify administrative tasks, and enhance cash management and cycle-based payments. > Read More

Small Business Corner: National Small Business Week, May 1 – 7, 2016

SBANational Small Business Week, sponsored by the U.S. Small Business Administration (SBA), will occur from May 1-7. The Week, whose theme will be "Dream Big, Start Small," will include educational events and recognition of small businesses by the SBA. > Read More

Meet Dawn DeCristofaro, VP, Commercial Loan Officer

Dawn DeCristofaro, Dawn DeCristofaro, Vice President, Commercial Loan Officer, is passionate about improving the quality of life and economic conditions in our region. Dawn has worked with numerous commercial customers to provide the funding needed to help their businesses grow and thrive. > Read More

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