Providence, R.I. - Citizens Financial Group, a subsidiary of the Royal Bank of Scotland, purchased New England Savings Bank after it was closed by regulators on Friday.

New England Savings, a Connecticut thrift, had $914.8 million in assets and 21 offices.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.