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The day – Business briefs

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PEOPLE

Karen Brodeur was appointed Commercial Credit Manager for Jewett Town Savings Bank and Matthew Völker joined the bank as a senior trade credit analyst. Brodeur, Assistant Vice President since 2020, joined the Bank in 2014 as a Trade Credit Analyst. Voelker was a trade credit analyst for Charter Oak Federal Credit Union. For more information, visit http://www.JCSBank.com.

WORKSHOPS

SCORE will host:

“How to Start and Run a Successful Nonprofit”, co-hosted by New London Public Library, SCORE Advisor Presenter Bob PotterWednesday April 27, 1-2:30 p.m., Zoom.

“QuickBooks, Part One: Managing Your Business Finances with QuickBooks,” Tuesday, May 3, 10-11:30 a.m., Zoom.

“QuickBooks Part Two: Choosing the Right QuickBooks: The Basics of Setting Up Your QuickBooks Business,” Wednesday, May 4, 10-11:30 a.m., Zoom.

“Plan Your Website for Online Success,” sponsored by the Rotary Club of Clinton, featuring Jessica Baldwinco-founder of Cardsetter, May 11, 5:30-7 p.m., Zoom.

For more information, contact Anne Driscoll at [email protected]

NETWORKING

The Eastern Connecticut Chamber of Commerce will host a Business After Hours and Ribbon Cutting event at The lighthouse property and stables April 27. Register at www.ChamberECT.com/events.

Dr Raja MangipudySenior Vice President, Global Head of Drug Safety Research and Development, Groton Site Director at Pfizer, will provide an overview on April 27 and update Pfizer’s latest work on the COVID-19 vaccine and therapies. Register at www.ChamberECT.com/events or 860-701-9113.

ANNUAL MEETING

President and CEO Michael Rauh recently presented Chelsea Groton Bank’s 2021 results to Mystic Marriott executives, board members and corporators. Last year, the bank introduced a curbside concierge, five additional video ATMs and the reimagining of the Westside branch. For the sixth consecutive year, Chelsea Groton has accepted the honor of being named “Top Workplace in CT” by The Hartford Courant. The ONE CHELSEA initiative underscores the strength of the bank’s commitment to diversity and equity. The bank and the Chelsea Groton Foundation have together donated more than $600,000 to organizations in the community, with an additional $22,000 donated to local organizations chosen by each employee as part of the bank’s Acts of Kindness initiative .

As of December 31, 2021, the bank’s total assets had grown to $1.59 billion. On the business side, Chelsea Groton saw an 180% increase in the adoption of its cash management services. The bank’s commercial loan portfolio was $255 million. Overall loan production totaled $74.3 million and business deposits increased by $86.3 million.

At this year’s meeting, officials also announced the appointment of five new corporators: Rodney Butler, president of the Mashantucket Pequot Tribal Nation; Tracy Espy, president of Mitchell College; Dina Sears-Graves, president and CEO of United Way of Southeastern Connecticut; Kathleen Stauffer, President and CEO of The Arc Eastern Connecticut; and Adam Young, owner, Sift Bake Shop.

Send your business news to [email protected].