Today’s Interview:

Michael Rauh, the President & CEO of Chelsea Groton Bank out of Groton Connecticut

Welcome to another episode of The Marketer’s Edge, a series designed to share senior level marketing perspective about marketer challenges, opportunities, and agency relationships. Today, we are talking with Michael Rauh, the President & CEO of Chelsea Groton Bank out of Groton Connecticut.  .

Based in Groton, Connecticut, Chelsea Groton Bank is a mutually owned bank with 14 locations throughout New London County and a Loan Production Office in Hartford County. The Bank has over $1 billion in assets and serves businesses, individuals and families throughout Connecticut and Rhode Island.

What We Discussed:

In today’s interview with Michael, we discussed a wide variety of issues:

  • Some of the top challenges facing banks today and the challenges anticipated as we look forward into the future.
  • Opportunities that Michael sees for banks the next 3-5 years out.
  • What it means to be a “mutually owned community bank” and how that’s different from just being a bank or a credit union.
  • Technology and its role in banking today.
  • Chelsea University – a cool concept created to benefit customers and employees benefit from it.
  • Advice he’d give to marketers looking for a new agency.
  • Advice to agencies he’d give if they were trying to knock down his door and win his business.

Thanks Michael Rauh for a great interview!

A little bit about Michael:

Michael has been the President & CEO of Chelsea Groton Bank for nearly 12 years.  Prior to Chelsea Groton, Michael spent 20 years at the Washington Trust Company and 5 years at Chaffee & Partners.  Michael graduated from the University of Rhode Island with a degree in economics.