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

Taking a Gamble on Bringing Arooga's to New England

Fox HopyardThe Mohegan Tribe formed Mohegan Holding Company LLC in 2012. In addition to opening an office technology enterprise, a sustainable resource supplier, and a number of franchise restaurants, Mohegan Holding Company sought to bring the Pennsylvania-based Arooga's Grille House and Sports Bar to the region. The Tribe approached Chelsea Groton Bank in 2014 to fund a commercial loan for the build of Arooga's Route 32 in Uncasville, the first of 15 franchise locations planned for New England, on a vacant parking lot adjacent to the Mohegan Sun. > Read More

News You Can Use: Attention Small Business Owners!

News You Can UseDid you know we offer the opportunity for businesses and non-profits to showcase their products and services in our retail branch lobbies on a monthly basis as part of our Local Business Spotlight? Contact your local branch or email us for more details. Also, current and prospective business owners are invited to attend a Small Business Expo on September 23 from 2-6 p.m. at the Groton Branch, 904 Poquonnock Road to learn about the Bank’s new suite of business products. Check back to for more details soon.

Benefits of Business Banking: Having an EMV®–Ready Business

When it comes to doing business securely, ensuring the merchant services technology at your business is EMV®–compatible is a vital step to take. Learn the importance of making your business chip card ready. > Read More

Small Business Corner: Creating a Small Business Plan

SBAMany business people are eager to open their doors and have sales start to roll in. Before that can happen, some serious thinking and strategizing needs to take place, and should continue for the life of the business. Your mission, how to make and track sales, hiring and promotional strategies, and financial decisions will all stem from a well thought-out business plan. > Read More

Meet Richard Balestracci, AVP, Commercial Loan Officer, Portfolio Manager

Richard BalestracciRichard Balestracci, AVP, Commercial Loan Officer, Portfolio Manager, joined Chelsea Groton Bank in 2014. A lifelong resident of New London County, Rich takes pride in working with the local community through his role in commercial lending and as a volunteer member of the Stonington Economic Development Commission. > Read More

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