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The Winston-Salem, N.C., company said Wednesday that it agreed to buy 21 Citibank branches in Texas, along with $1.2 billion in deposits and $134 in loans.
December 18 -
Citigroup named Barbara Desoer chief operating officer of its banking subsidiary and said she will "deepen" a male-dominated management bench. Desoer, one of the industry's most prominent women, retired from Bank of America in 2012 after her duties were gradually diminished.
October 10 -
Two years after a data breach that compromised hundreds of thousands of customer accounts, Citibank has agreed to pay a $55,000 settlement to Connecticut.
September 3 -
Citigroup's board has named two heavyweights as independent directors: James S. Turley, the CEO of Ernst & Young for the past decade, and Gary M. Reiner, a former longtime chief information officer at General Electric.
July 8
A 30-hour six-alarm fire ravaged a two-story Citibank branch in the Morningside Heights section of Manhattan over the weekend.
The fire engulfed and destroyed a branch located at 2861 Broadway near 111th street in Manhattan, just south of Columbia University. A Citigroup spokesman said that no Citibank employees were injured in the fire.
As of Monday afternoon Citibank had not yet been granted access to the site of the fire by the Fire Department of New York, the spokesman said.
"Once we are given access, we will evaluate the impact of the fire, and then reach out to impacted customers," the spokesman said. The branch offered safe deposit services, the statuses of which are uncertain until Citibank is granted access to the site. Safe deposit containers are often constructed to be fireproof.
Mark D. Levine, a city councilman whose Upper Manhattan district includes Morningside Heights, said on Twitter Monday that the New York City Fire Marshal had opened an investigation into the cause of the fire, though there is no suspicion of foul play as of yet.