Who owns citizens bank of rhode island

But Van Saun said that the prospect of independence made the bank more attractive to top talent, which allowed him to reel in some new executives since the divestment process began. Eric Aboaf joined as chief financial officer from Citigroup in April. As for the Philadelphia region, Van Saun said the company plans to introduce 60 to 75 of its new branches next year, with some being in this market.

Van Saun said he has also become more involved in the Philadelphia civic community, recently joining the board of the National Constitution Center. London-based RBS gradually began divesting itself of its U.

Citizens Financial Group, Inc. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings.

In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www. Download factsheet. Skip to main content. A Bigger Bank Serving More Communities Following our acquisition by RBS Group in , we grew rapidly, largely through a series of over 25 strategic bank acquisitions as highlighted below.

Becoming a Stand-alone U. Regional Bank Following the global financial crisis, we undertook a number of decisive steps to reposition and strengthen our business profile, including: Transformed business mix : We have focused on achieving a more balanced business mix across our commercial and consumer businesses; Improved deposit mix to include a greater percentage of lower cost and more stable demand, checking, money market and savings accounts, and reduced our reliance on wholesale funding; Improved strategic focus : Identified and began reducing our exposure to certain non-core assets deemed to be inconsistent with our strategic goals, generally as a result of geographic location, industry, product type or risk level; Optimized our geographic footprint : Exited certain geographies where we had underperforming market share positions and redeployed the capital into businesses with more attractive growth and return characteristics.

In , we sold 18 branches in the New York Adirondacks region, and in , we sold our Indiana branch franchise, which consisted of 65 branches. CFG Acquisition History.

Year Description High Street Bank. In , it became Citizens Trust Co.