Citizens Financial Group, Providence, R.I., promoted Mark J. Formica and Stephen D. Steinour to vice chairman.

Mr. Formica, who had been president and CEO of Citizens' Rhode Island operations, takes over the company's retail enterprises group. He is also responsible for the retail delivery system and retail activities at the Citizens banks in Connecticut, Rhode Island, Massachusetts, and New Hampshire.

The bank said it had not yet named a successor to Mr. Formica as president of the Rhode Island unit.

Mr. Steinour now heads the risk management division, where he is responsible for treasury, asset and liability management, the facilities and law departments, and audit and Community Reinvestment Act administration. He had been an executive vice president and will remain chief credit officer.

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