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Citizens donates $1M to Feeding America, announces partnership

PROVIDENCE – Citizens Financial Group Inc. donated $1 million to Feeding America, a national hunger-relief organization, the bank announced Tuesday, and joined the nonprofit...

Citizens to reshuffle Rhode Island workforce for new Johnston campus

PROVIDENCE – Citizens Financial Group Inc. is on schedule to open its new office complex in Johnston next month and to start moving between 3,000...
CITIZENS FINANCIAL GROUP on Friday reported 33.6 percent growth of net income on a 14.2 percent increase in total interest and non-interest revenue in the second quarter. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens reports double-digit revenue, profit growth in 2Q

PROVIDENCE – Citizens Financial Group Inc., parent company of Citizens Bank, Friday reported double-digit growth in net income and total revenue for the second...
AMAZON.COM INC., already a lender to small businesses, is now in early discussions to create a product for retail customers similar to checking accounts. / BLOOMBERG FILE PHOTO/JIM YOUNG

Amazon checking-account threat puts regional banks on defensive

NEW YORK - America’s regional banks are preparing to defend their turf. Amazon.com Inc., already a lender to small businesses, is now in early discussions to...
CITIZENS FINANCIAL Group Inc. is the Providence-based parent company of Citizens Bank, the largest Rhode Island-based bank. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens reports $388M Q1 profit

PROVIDENCE – Citizens Financial Group Inc. on Friday reported first-quarter profit grew 21.2 percent to $388 million, or 78 cents per diluted share, compared...
ADAPTING INDUSTRY: As consumer expectations for online banking grow with advancing technology, banks and credit unions must find ways to adapt to those expectations while keeping costs down.

As technology becomes increasingly intertwined with banking, it presents opportunity and...

When Lisa G. Dandeneau first joined Navigant Credit Union more than 22 years ago, one of her first tasks was to help launch online...
Bruce Van Saun, chairman and CEO of Citizens Financial Group Inc., in his office at 1 Citizens Plaza in Providence. / PBN FILE PHOTO/MICHAEL SALERNO

Citizens CEO Van Saun made $8.5M in 2017

PROVIDENCE – Bruce Van Saun, chairman and CEO of Citizens Financial Group Inc., made $8.5 million in 2017, marking a 7.5 percent decline from...
EDWARD O. Handy III is the chairman and CEO of Westerly-based Washington Trust Bancorp Inc., the second largest Rhode Island-based bank. / PBN FILE PHOTO/MICHAEL SALERNO

Banks are optimistic tax reform will benefit the bottom line long-term

The Rhode Island banking community has largely celebrated the sweeping tax overhaul approved by Congress that among other things lowered the corporate tax rate...
AN INTERIOR RENDERING of the new 420,000-square-foot Citizens Financial Group Inc. corporate campus in Johnston. The facility is on schedule to be completed in time for employees to start working there in August. / COURTESY CITIZENS BANK

Citizens campus in Johnston on schedule for August opening

JOHNSTON – Citizens Financial Group Inc. is on schedule to complete its 420,000-square-foot campus in time for employees to start working there in August. Chairman...
CITIZENS BANK is a wholly owned subsidiary of Providence-based Citizens Financial Group Inc. The bank posted net income of $1.7 billion in 2017, a 58.1 percent increase on its 2016 performance. / BLOOMBERG FILE PHOTO/KELVIN MA

Buoyed by new tax law, Citizens increases profit in 4Q and...

PROVIDENCE – Buoyed by a $331 million after-tax benefit from the new tax law, Citizens Financial Group Inc. on Friday reported 2017 profit increasing...
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