August 18 - Citizens Financial Group Inc.’s commercial bank, RBS Citizens,has announced a national expansion of its MidCorporate business and increased financing capabilities for companies in growth industries including health care, technology and franchising. Previously, Citizens focused principally on the New England, Mid-Atlantic and Midwestern markets served by its Citizens Bank and Charter One retail branch networks.
“We have grown from a bank with a strong but regionally focused Commercial Banking division to a top lead arranger of syndicated loans for middle market companies,” said Robert Matthews, Vice Chairman for Commercial Banking. “Having invested significant resources in new technology platforms, treasury products and staff, we are excited to be delivering innovative financing ideas and great service to companies across the country.”
To enable the national expansion announced today, Citizens has hired teams of experienced commercial bankers across its traditional New England, Mid-Atlantic and Midwestern markets and also in the following markets:
RBS Citizens has also made key hires to bolster its capabilities in specialties such as lender finance, treasury services and global markets.
Offering both the high touch, relationship-based approach of a local bank and the global capabilities and sophistication of a larger bank, Citizens Financial Group has distinguished itself for its ability to respond quickly to the financing and treasury needs of its customers and for its capacity to deliver innovative corporate finance deal structures.
In 2012, Citizens entered into a strategic alliance with Oppenheimer & Co. to help Citizens customers receive the specialized services of an investment bank focused on the middle market while maintaining relationships with their primary Citizens bankers. This offering was recognized last year as the “Most Innovative Product” by Barlow Research Associates in its Monarch Innovation Awards.
“These investments build on our existing strengths in a number of specialty finance areas such as franchise finance, where we already are a national player, as well as healthcare, technology and lender finance. We have hired and continue to hire many of the leading bankers in these fields,” Matthews said. “As we respond to the demand that exists across the country for the ideas and execution of a strong wholesale bank like Citizens, we are laser-focused on maintaining the customer-centric approach that has been the hallmark of our growth to date.
Providence-based Citizens Financial Group announced in June that it will be changing the name of its commercial banking division from RBS Citizens to Citizens Commercial Banking later this year. More information about Citizens Financial Group and its commercial banking products can be found online, by phone at 1-877-220-0491 and on Twitter.
About Citizens Financial Group Inc.
Citizens Financial Group Inc. is one of the nation’s oldest and largest financial institutions, with $126.9 billion in assets as of March 31, 2014. Headquartered in Providence, Rhode Island, the company offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Consumer Banking helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,200 Citizens Bank and Charter One branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in selective markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Citizens operates via subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.