CarolynWelchGROTON: Chelsea Groton Bank’s Carolyn Welch has been promoted to Senior Vice President, Commercial Lending Manager. Welch will lead the bank’s commercial lending team.

“In Carolyn’s relatively short time with Chelsea Groton Bank, she has performed extremely well, developing new business for the Bank in the greater Hartford and New Haven counties, as well as in New London County,” said Tony Joyce, Executive Vice President, Senior Loan Officer at Chelsea Groton Bank. “She will now be in a position to help others on the Commercial team to aggregate business relationships in a similar way. Her prior experience as a Commercial Lending team leader will serve her well in this new capacity.”

In 2017, she closed over $21 million in commercial loans.

Prior to attending Niagara University, Carolyn graduated from Niagara County Community College with an AAS in Business Administration. Carolyn is a graduate of Leadership Niagara.

Based in Groton, CGB is a mutually owned bank with more than $1 billion in assets and 14 locations throughout New London County and a Loan Production Office in Hartford County.