Roundup: R.I.'s Citizens Financial Acquires Quincy Savings

PROVIDENCE - Citizens Financial Group Inc. said it has completed its $141.1 million purchase of Quincy Savings Bank.

The acquisition boosts Citizens' asset size to $10.3 billion, from $9.5 billion. The Quincy purchase also increases Citizens' branch network by 14 offices, to 52.

"The acquisition of Quincy Savings Bank nicely complements our existing Massachusetts franchise by strengthening our presence between two markets where we are already well established: greater Boston and the South Shore," said Lawrence Fish, Citizen's chairman, president, and chief executive officer.

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