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Monday, July 13, 2026Chelsea Groton Bank Names Richard Balestracci Chief Lending Officer
GROTON, Conn. – Chelsea Groton Bank has announced the promotion of Richard Balestracci to Chief Lending Officer. Balestracci succeeds Michael Sheahan, who retired after 13 years of dedicated service to the Bank. During his tenure, Sheahan played an instrumental role in shaping Chelsea Groton’s lending strategy and strengthening its position as a trusted financial partner across the region. Balestracci steps into the role with extensive experience across commercial lending, credit, and retail banking. A
