-
Citizens Financial Group in Providence, R.I., has expanded its health care practice banking group to three additional states.
July 23 -
Citizens Financial Group is rebranding its Charter One retail locations, part of the preparations for its spinoff from the Royal Bank of Scotland.
June 30 -
Citizens Financial Group has hired Stephen T. Gannon, a former attorney for the Securities and Exchange Commission, to be its general counsel and chief legal officer.
July 14 -
U.S. Bancorp (USB) in Minneapolis has completed its purchase of Citizens Financial Group's Charter One franchise in Chicago.
June 23 -
Royal Bank of Scotland has accelerated its plans to sell its U.S. subsidiary. The company will conduct a partial initial public offering of its Citizens Financial Group unit in the second half of 2014, and plans to fully divest itself through offerings in 2015 and 2016.
November 1
Citizens Financial Group in Providence, R.I., is expanding its commercial banking operations to lend to more midsize companies in more parts of the country.
The company said it is planning to add about 70 commercial bankers in Atlanta, Charlotte, N.C., Dallas, Los Angeles and Washington. Previously, Citizens focused primarily on the New England, Mid-Atlantic and Midwestern markets.
Citizens, the U.S. unit of Royal Bank of Scotland, is focusing its growth efforts on the health care, technology and franchising sectors, according to a news release Wednesday. Additionally, it has hired more staff in specialty areas such as lender finance, treasury services and global markets.
"We have grown from a bank with a strong but regionally focused commercial banking division to a top lead arranger of syndicated loans for middle-market companies," Robert Matthews, the vice chairman for commercial banking, said in the release.
Citizens is in the process of being spun off by RBS through a series of offerings in 2015 and 2016. RBS
Furthermore, Citizens is planning to rename its commercial banking division Citizens Commercial Banking during the fourth quarter.
