Citizens Financial Group
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| Public | |
| Traded as | : CFG S&P 500 Component |
| Industry | Finance |
| Founded | 1828 |
| Headquarters | Providence, Rhode Island, United States |
|
Key people
|
Bruce Van Saun, Chairman and CEO |
| Products | Financial Services |
| Revenue |
 U$5.2 billion (2015) |
|
US$840 million (2015) |
|
| Total assets |
 US$139.14 billion (2016) |
| Total equity |
US$19.6 billion (2015) |
|
Number of employees
|
17,639 (2015) |
| 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.
Citizens was a wholly owned subsidiary of The Royal Bank of Scotland Group (RBS), headquartered in Edinburgh, Scotland, from 1988 until RBS began to sell its holding in the bank through a phased Initial public offering (IPO). RBS sold its final 20.9% stake in the company in October 2015.
As of 2015, Citizens is the 13th-largest bank in the United States, and operates more than 1,200 branches and approximately 3,200 ATMs across 11 states under the Citizens Bank brand.
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.
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Wikipedia