Citizens Financial Group recognized
for mortgage company acquisition

PROVIDENCE – Rhode Island-based Citizens Financial Group Inc. ranked No. 1 for the “best strategic nonbank acquisition,” according to Bank Director’s 2020 RankingBanking study. Citizens’ acquisition of Franklin American Mortgage Co., a Tennessee-based mortgage servicing firm, tripled the bank’s off-balance sheet mortgage servicing portfolio and doubled its origination platform, according to the report. The deal,…

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