Citizen Savings Bank
.png) |
|
| Public company | |
| Traded as | : CFG S&P 500 Component |
| Industry | Banking |
| Founded | 1828 |
| Headquarters | Providence, Rhode Island, United States |
|
Key people
|
Bruce Van Saun, Chairman and CEO |
| Products | Financial Services |
| Revenue |  US$5.256 billion (2016) |
| -US$1.045 billion (2016) |
|
| Total assets | US$149.52 billion (2016) |
| Total equity | US$19.747 billion (2016) |
|
Number of employees
|
17,600 (2016) |
| Website | www |
Citizens Financial Group, Inc. is an American bank headquartered in Providence, Rhode Island, which operates in the states of Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Vermont.
Between 1988 and its 2014 initial public offering, Citizens was a wholly owned subsidiary of The Royal Bank of Scotland Group. RBS sold its remaining 20.9% stake in the company in October 2015.
Citizens operates more than 1,200 branches and approximately 3,200 ATMs across 11 states under the Citizens Bank brand.
Citizens ranks 20th on the List of largest banks in the United States.
Citizens was established in 1828 as the High Street Bank in Providence, Rhode Island. In 1871, the Rhode Island legislature gave a second charter to establish the Citizens Savings Bank which eventually acquired its parent group to form Citizens Trust Company. The bank then expanded through Rhode Island, opening a total of 29 branches in that state. It established Citizens Financial Group as a holding company when the bank acquired The Greenville Trust Company in 1954.
In 1985, Citizens changed status from a mutual savings bank to a federal stock savings bank. Expansion into other states began with Massachusetts in 1986.
In 1988, Royal Bank of Scotland acquired Citizens. Under RBS ownership, Citizens acquired several smaller banks in New England to become the second largest bank in the region. In 1996, in conjunction with the acquisition of First NH Bank, the Bank of Ireland gained a 23.5% stake in Citizens, which RBS then acquired two years later to resume 100% ownership.
...
Wikipedia