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September 24, 2017
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Financial Quotes
" He is rich or poor according to what he is, not according to what he has. "

Henry Ward Beecher

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Citizens Financial Group is part of the RBS Group, one of the world's largest financial institutions. The bank started as a small community bank called the High Street Bank in Providence, in 1928. Today, the bank has more than 1,500 branches, approximately 3,900 ATMs, and more than 20,900 employees in 12 states. Through acquisitions and organic growth, Citizens evolved from the fifth-largest bank in the smallest state in the U.S. into its position today as one of the 15 largest commercial banking companies in the country. Citizens Bank conforms to all applicable laws, by-laws and resolutions adopted by the Citizens Financial Group Board of Directors, as well as the Code of Conduct of the Royal Bank of Scotland, the parent company. They believe that a successful business operation depends not only on the competence of its employees, but also upon the reputation for honesty and integrity.
General Informations
HQ Address: 1 Citizens Plaza, 02903, Providence, RI, USA
Opening Times: Click to view Opening Times
Phone: 1-401-456-7000
Fax: N/A
Web: Citizens Bank
E-mail: N/A
SWIFT: N/A PAN: N/A BANK SORT CODE: N/A
Branches: N/A Founded: 1828
History

The bank was established in 1828 in Providence. In 1871, the bank established its own savings bank, Citizens Savings Bank. The following decades became difficult for the bank, as Providence gradually lost its pre-eminence as an industrial center and seaport. By the 1920s, prospects seemed better but the good times were short-lived. The Great Depression of the 1930s hit hard in New England where the region’s vital textile industries were already in steep decline.By the 1940s Citizens Savings Bank had gained a controlling interest in its founder, High Street Bank, and in 1948 High Street Bank changed its name to Citizens Trust Company.After World War II, a number of branches were opened and Greenville Trust Co acquired. Growth continued and by 1981 Citizens had 29 branches statewide. In 1980, Citizens Financial Group was formed as a holding company for the two banks and Citizens Savings Bank converted from a mutual to a federal stock basis. . In 1988, Citizens acquired Fairhaven Savings Bank in Massachusetts, its first retail banking move beyond Rhode Island. In 1996, Citizens made its first move beyond southern New England when RBS and Bank of Ireland combined their New England banking operations through the merger of Citizens and First NH Bank in New Hampshire. In 2001, Citizens made its first retail and commercial banking move outside of New England by acquiring the regional banking business of Mellon Financial Corporation. In 2004, Citizens Financial Group completed the largest transaction in its history. The acquisition of Charter One, which operated 680 branches in nine states from its headquarters in Cleveland, Ohio, moved Citizens into New York and the Midwest. The 2004 acquisition of the credit card division of People’s Bank enabled the company to compete as a serious player in the U.S. credit card market.

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24/09/2017.
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