PROVIDENCE – Citizens Financial Group Inc. earned top honors in recent rankings by financial magazine The Banker, which named the company its U.S. Bank of the Year for 2022.
The Banker hailed the parent company for Rhode Island-based Citizens Bank for a steady and “ambitious” growth strategy, beginning from its initial public offering in 2014 to a series of recent acquisitions, including 80 East Coast branches of HSBC U.S. Bank N.A. and Investors Bancorp, which gave it a top-10 share of deposits in New York City. The magazine in its recognition also highlighted Citizens for its technology improvements and the benefits for customers.
“We are highly pleased to receive this recognition from The Banker, marking the significant progress since our IPO,” Bruce Van Saun, chairman and CEO of Citizens, said in a statement. “Our growth strategy is focused on delivering for customers, which rests upon embracing next-generation technology, designing enhanced customer experiences and continuing to be a trusted adviser to our customers across their unique financial journeys. This focus will propel us to perform even better over time. My thanks to all Citizens colleagues who work each and every day to serve our customers and communities so well.”
The annual Bank of the Year awards recognize one bank in 120 countries based on performance, innovation, adding customer value and leadership in society.
Nancy Lavin is a PBN staff writer. You may reach her at Lavin@PBN.com.
