CITIZENS FINANCIAL GROUP completed its acquisition of Franklin American Mortgage Co. for $511 million in cash. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA
PROVIDENCE – Citizens Financial Group Inc.'s mortgage business just became a lot larger. The Providence-based company has completed its purchase of Tennessee-based Franklin American Mortgage Co., tripling the size of Citizens’ mortgage servicing business, the company said this week. Under the deal, announced in May, Citizens subsidiary Citizens Bank N.A. acquired the net assets of…

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