Citizens looks to capitalize on its new private bank

Updated at 1:30 p.m. on Dec. 8.

ALL IN: Citizens Financial Group Inc. has hired more than 100 people from the former First Republic Bank’s wealth management arm in order to launch its own private bank to service high-wealth clients. 
PBN FILE PHOTO/NICOLE ­DOTZENROD
ALL IN: Citizens Financial Group Inc. has hired more than 100 people from the former First Republic Bank’s wealth management arm in order to launch its own private bank to service high-wealth clients. 
PBN FILE PHOTO/NICOLE ­DOTZENROD

When San Francisco-based First Republic Bank imploded last spring and its financial assets were sold to JPMorgan Chase & Co., Citizens Financial Group Inc. swooped in to grab another key resource for First Republic: its employees. With crisis comes opportunity. The First Republic implosion in March tore open market share for financial institutions to exploit,

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