Citizens Financial Group

Citizens Announces $2.4M in Financial Empowerment Grants to Support 137 Nonprofits

Retrieved on: 
Wednesday, March 27, 2024
Banking, Professional Services, Finance, Environment, Partnership, Education, Citizens Financial Group, Research, Learning, Student, Central Falls, Rhode Island, Multimedia

Citizens today announced $2.4 million in financial empowerment grants to support 137 nonprofit organizations, including $415,000 to Junior Achievement as part of the bank’s Citizens Helping Citizens Manage Money program.

Key Points: 
  • Citizens today announced $2.4 million in financial empowerment grants to support 137 nonprofit organizations, including $415,000 to Junior Achievement as part of the bank’s Citizens Helping Citizens Manage Money program.
  • The bank also announced the results of a teen financial wellness survey, published in partnership with Junior Achievement, that demonstrates the need for expanded financial literacy programs.
  • “We are grateful for Citizens leadership in helping promote financial empowerment programs to support the mental and financial health of today’s youth.”
    Citizens Helping Citizens Manage Money is the bank’s financial empowerment program dedicated to providing funding and volunteerism to support programs that give people the confidence and tools they need to budget, save, invest, and pursue their goals.
  • Throughout the year, Citizens colleagues share their time and talents to deliver financial education training to support grant recipients programming.

Citizens Financial Group Chairman and CEO Awarded Foreign Policy Association Medal; Highlights Vital Role of US Banks in Global Economy

Retrieved on: 
Friday, March 8, 2024
Banking, Professional Services, Finance, Bank Policy Institute, Citizens Financial Group, Partnership, Clearing house, FPA, Policy, Corporation, Foreign Policy, Management

The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.

Key Points: 
  • The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.
  • Speaking at the Association’s March 7 Financial Services Dinner in New York, Van Saun highlighted America’s contributions to strong global financial systems, rising economic prosperity and the creation of new markets.
  • “The FPA is honored to once again recognize Mr. Van Saun for his longtime commitment to global financial services,” said Noel Lateef, President & CEO, FPA.
  • He is a member of the Bank Policy Institute board and serves on the board of the Partnership for Rhode Island.

Citizens Financial Group to Participate at the 2024 RBC Capital Markets Financial Institutions Conference

Retrieved on: 
Tuesday, February 20, 2024
Banking, Asset Management, Professional Services, Finance, RBC Capital Markets, CFG, Citizens Financial Group, Conference

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participate at the RBC Capital Markets Financial Institutions Conference to be held on Tuesday, March 5, 2024 at 10:00 am ET.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participate at the RBC Capital Markets Financial Institutions Conference to be held on Tuesday, March 5, 2024 at 10:00 am ET.
  • The live webcast will be available at https://investor.citizensbank.com under Events & Presentations.

Citizens Financial Group Announces Appointment of Tracy A. Atkinson to Board of Directors; Edward J. Kelly III to Serve as Lead Independent Director with Retirement of Shivan Subramaniam

Retrieved on: 
Friday, February 16, 2024
Banking, Asset Management, Professional Services, Finance, CFO, Head, Disability, Certified Public Accountant, MFS Investment Management, Compensation, Risk management, Affiliated Managers Group, Citizens Financial Group, Subramaniam, State Street Corporation, Treasurer, Woman, PwC, Raytheon Technologies, Most, CFG, Arc, Partner, U.S. Steel, Management

Added Van Saun: “I very much look forward to Ned’s continued contributions to Citizens in his expanded role, and I would like to express my deep appreciation to Shivan for his strong counsel and invaluable service since joining our board in 2005 -- a highly successful and transformative period for Citizens.”

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Tracy A. Atkinson to the company’s Board of Directors, effective March 1, 2024.
  • Atkinson’s appointment will temporarily expand the Citizens Board to 14 directors.
  • “We are pleased to welcome Tracy to our board of directors,” said Chairman and Chief Executive Officer Bruce Van Saun.
  • Subramaniam, who has served on the Board since 2005, has reached the mandatory retirement age under the company’s Corporate Governance Guidelines.

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Retrieved on: 
Wednesday, February 14, 2024
Small Business, Banking, Professional Services, Finance, CFG, Citizens Financial Group, Life insurance

Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024:

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024:
    a quarterly cash dividend of $21.723520 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B;
    a quarterly cash dividend of $15.9375 per share on CFG’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C;
    a quarterly cash dividend of $15.875 per share ($0.396875 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D;
    a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 5.000% Fixed-For-Life Non-Cumulative Perpetual Preferred Stock, Series E;
    a quarterly cash dividend of $14.125 per share on CFG’s 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F; and
    a quarterly cash dividend of $10.00 per share on CFG’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.

Citizens Financial Group Appoints Brendan Goode as Chief Security Officer

Retrieved on: 
Wednesday, February 14, 2024
Banking, Professional Services, Finance, Senior, CBA, Deutsche Bank, Citizens Financial Group, Commonwealth Bank, Fraud, PNC Financial Services, Information, Safety, Justice, Private sector, CISO, Electrical engineering, FBI, Justice minister, CFG, CSO, CIO, Citigroup, Security

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024.
  • Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security.
  • “We have designed a thoughtful transition process that will further strengthen the bank’s security posture and business resilience capabilities.”
    Goode joins Citizens from Commonwealth Bank of Australia (CBA), where he most recently served as Chief Security Officer with responsibility for the Group Security organization.
  • She joined Citizens from Mandiant where she was the Director of Information Security Programs and previously served as the Chief Information Security Officer for PNC Financial Services and held senior leadership roles with the FBI and Department of Justice.

Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office

Retrieved on: 
Thursday, February 8, 2024
Banking, Professional Services, Chyorny, Wealth, Private banking, First Republic Bank, Private, Growth, JPMorgan Chase, CFG, Head, Wells Fargo, Consumer, Citizens Financial Group

On the heels of launching its new Private Bank and hiring about 200 bankers in 2023, Citizens bolstered its wealth leadership team with the addition of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers.

Key Points: 
  • On the heels of launching its new Private Bank and hiring about 200 bankers in 2023, Citizens bolstered its wealth leadership team with the addition of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers.
  • “Hiring these two high quality executives demonstrates the strength of Private Banking and Wealth Management talent that we have been able to attract to Citizens.
  • All of Citizens new Private Banking offices will offer freshly-baked cookies and signature branded umbrellas to clients at its local offices as symbols of extraordinary service.
  • Citizens Private Bankers are committed to being a single point of contact for clients looking to preserve and grow their wealth.

Citizens Financial Group, Inc. Reports Fourth Quarter 2023 Net Income of $189 million and EPS of $0.34

Retrieved on: 
Wednesday, January 17, 2024
Banking, Professional Services, Finance, NIM, LCR, FHLB, Pressure, Private banking, NYC Metro, Citizens Financial Group, Interest, Security (finance), Growth

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported fourth quarter and full year 2023 financial results.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported fourth quarter and full year 2023 financial results.
  • The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com .
  • “We continue to execute well and posted solid performance in Q4,” said Chairman and CEO Bruce Van Saun.
  • As previously announced, Citizens will host a live conference call to review its fourth quarter and full year 2023 financial results.

Citizens M&A Outlook Finds Surging Enthusiasm Supported by Unexpected Factors

Retrieved on: 
Wednesday, January 10, 2024
Professional Services, Business, Legal, Finance, Asset Management, Banking, Citizens Financial Group, Artificial intelligence, AI, Environment, Sale, Optimism, Acquisition, Health, Transport, Telecommunications

Citizens’ 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers.

Key Points: 
  • Citizens’ 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers.
  • Companies across sectors are looking at their economic prospects and seeing opportunities,” said Jason Wallace, head of Citizens M&A Advisory.
  • The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States.
  • Citizens M&A Advisory is part of Citizens JMP Securities, LLC, a subsidiary of Citizens Financial Group (NYSE: CFG).

The Middlefield Banking Company Enhances Leadership Team to Support Continued Growth

Retrieved on: 
Thursday, January 4, 2024
Bank, Commercial, FNB Corporation, Ohio Dominican University, Acquisition, Fifth Third Bank, Business administration, FirstMerit Corporation, Cleveland State University, Citizens Financial Group, Consumer, University, Master of Business Administration, Ohio State University, KeyBank, Retail banking, Huntington Bancshares, Bank One Corporation, Senior, Management

MIDDLEFIELD, Ohio, Jan. 04, 2024 (GLOBE NEWSWIRE) -- The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced enhancements to its leadership team to support the Company’s growth across its Central, Western, and Northeast Ohio markets. Rebecca Noblit has been promoted to Chief Credit Officer, succeeding Alfred F. Thompson Jr. who will retire from the Company on February 1, 2024. In addition, Michael Cheravitch has joined The Middlefield Banking Company as Chief Banking Officer.

Key Points: 
  • MIDDLEFIELD, Ohio, Jan. 04, 2024 (GLOBE NEWSWIRE) -- The Middlefield Banking Company, a wholly owned subsidiary of Middlefield Banc Corp. (NASDAQ: MBCN), today announced enhancements to its leadership team to support the Company’s growth across its Central, Western, and Northeast Ohio markets.
  • Rebecca Noblit has been promoted to Chief Credit Officer, succeeding Alfred F. Thompson Jr. who will retire from the Company on February 1, 2024.
  • In addition, Michael Cheravitch has joined The Middlefield Banking Company as Chief Banking Officer.
  • As Chief Banking Officer, Cheravitch will oversee all Commercial, Business, and Consumer banking channels, including digital banking, the retail branch network and call center, along with consumer lending, and residential mortgage.