City cites prior Chelsea Groton Bank leaseback

Norwich references its 2024 acquisition and leaseback arrangement with Chelsea Groton Bank for the former downtown bank building at 300 Main Street, whose lease ended July 31, 2025. The context supports a new initiative to secure a short-term tenant for the vacant facility.

Document date · October 20, 2025

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Leaseback ended July 31, 2025

Renewal date

2025-07-31

Renewal

Leaseback of 300 Main Street to Chelsea Groton Bank concluded July 31, 2025 and is not being renewed; the city is now seeking a new short-term tenant.

Document type

Agenda

Source document

city_of_norwich_council_meeting_agenda_october_202.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Norwich?

Chelsea Groton Bank was awarded this financial services contract by City of Norwich, as recorded on October 20, 2025.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in city_of_norwich_council_meeting_agenda_october_202.pdf (Agenda), dated October 20, 2025 from City of Norwich. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Chelsea Groton Bank hold?

Chelsea Groton Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Chelsea Groton Bank's profile

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