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Website: http://www.citizensbank.com Citizens Financial Group, Inc. is the 13th-largest retail bank in the U.S. with over $136.5 billion in assets. The company is the holding company for Citizens Bank, with more than 3,200 ATMs and approximately 1,200 Citizens Bank and Charter One branches in 11 states in the
New England, Mid-Atlantic and Midwest regions.
Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in
selective markets nationwide. Citizens Commercial Banking offers corporate, institutional and not-for-profit
clients a full range of wholesale banking products and services including lending and deposits, capital markets,
treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and
trade finance. The company operates a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. It is one of the top 15 largest commercial banking companies in the United States ranked by assets and deposits. Citizens Financial went public in September 2014 and is the U.S. subsidiary of The Royal Bank of Scotland Group, which still owns 75% of the company. In 2014, the company reported revenues of $5.34 billion and net income of $865 million. History On April 19, 1871, Citizens Savings Bank
in Providence, RI, received its first deposit from Jessie Grant,
the young daughter of the bank's vice president. But its history
as a small community bank in New England actually began 43 years
earlier when the High Street Bank opened its doors in 1828 on
Hoyle Square, then the city's busy market center. The High Street
Bank was chartered as a commercial bank. In 1871, the directors
of High Street Bank obtained a second charter and established
Citizens Savings Bank, a mutual savings bank. In 1949, the High
Street Bank changed its name to Citizens Trust Company. Both
companies were leaders among Rhode Island banks. In 1985, Citizens Financial Group was established
as the holding company for both banks. Citizens' downtown Newport,
RI office is located in historic Gardner House, which was built
in 1740. The branch is the nation's oldest banking office in
continuous use today. In December 1988, Citizens Financial Group
made a strategic decision to become a wholly owned subsidiary
of The Royal Bank of Scotland Group plc (RBS). Headquartered
in Edinburgh, RBS has grown since that time into one of Europe's
leading financial services groups. RBS's ownership gave Citizens
the strengthand support of an international financial services
company and a partner for growth. Over the past 17 years,
this support has made Citizens a steady contributor to RBS's
success. Benefits Updated July 17, 2015
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