PROVIDENCE -- The Resolution Trust Corp. accepted Citizens Financial Group's bid for Old Stone Federal Savings Bank for an undisclosed amount, the bank reported Tuesday.

With only $1.1 billion in assets, Old Stone, which was based in Providence, was Rhode Island's fourth-largest bank. Battered by bad real estate loans, it was taken over by the RTC in 1993. The acquisition will increase Citizens' asset size to $9.2 billion.

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