Citizens Bank R.I. promotes Marc Paulhus to president

PROVIDENCE – Citizens Bank Rhode Island on Tuesday promoted Marc Paulhus, head of asset finance in the bank’s commercial division, to bank president.
The position was vacated by Edward O. “Ned” Handy III, who left in November of 2013 to become president and chief operating officer for Westerly-based Washington Trust Company.
As Rhode Island president, Paulhus will join Barbara Cottam, head of corporate affairs and Rhode Island market executive, in representing the bank as it engages with civic, business and community leaders across the state.
“We are very pleased to have a leader of Marc’s caliber heading up our Rhode Island leadership team,” said Robert Matthews, vice chairman for commercial banking. “Marc brings considerable leadership skills that will benefit both our Rhode Island customers and the broader Rhode Island community.”
Paulhus, a Rhode Island native and 11-year veteran of the bank, has led asset finance, the bank’s equipment financing business, since 2008. Before that, he served as Illinois state president. He will continue to run asset finance in Rhode Island while also managing Citizens’ Middle Market lending business here, the bank said.
“I am very excited to be coming home to join our team in Rhode Island,” Paulhus said. “Rhode Island is where it all started for Citizens and we are proud to have built up such a strong business while staying true to our roots in the local community. I am honored by this opportunity to help the local team continue providing the best possible banking experience for our Rhode Island customers.”
Before joining Citizens in 2003, Paulhus held senior leadership roles at PureMarkets Corporation, The CIT Group, LB Credit Corporation and Fleet National Bank.
Paulhus holds a bachelor’s degree in business administration from Providence College and an MBA in finance from the University of Rhode Island.

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