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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...
BETH JOHNSON, chief marketing officer and head of virtual channels at Citizens Bank, says adding the Zelle payment system will allow the bank "to deliver a convenient, user-friendly [person-to-person] payments experience" to its customers. / COURTESY CITIZENS BANK

Citizens adds Zelle payment system to its offerings

PROVIDENCE – Citizens Bank continues to add new technology to its suite of offerings, announcing this month the integration of a new person-to-person payment...
FLEXIBLE DOLLARS: David Caprio, president of Children’s Friend, a nonprofit social service and education agency in Providence, speaks to the kids at Friendship Center. Caprio says although individual and corporate donations make up less than 10 percent of the nonprofit’s budget, those are its most flexible dollars. / PBN PHOTO/MICHAEL SALERNO

Nonprofits wary of tax law’s impact on giving

For nonprofits that solicit individual and corporate donations, one of the potential pitfalls of the new federal tax law is the doubling of the...
FROM LEFT, DAVID CAPRIO, president and CEO of Children’s Friend, poses with Barbara Cottam, chairman of the Citizens Charitable Foundation, and Bruce Van Saun, chairman and CEO of Citizens Bank, at a recent event, where a $35,000 grant was presented from Citizens Charitable Foundation to Children’s Friend. / COURTESY CITIZENS CHARITABLE FOUNDATION

Children’s Friend receives $35K grant from Citizens Charitable Foundation

PROVIDENCE – In a mid-December vote, Citizens Bank employees chose to donate $35,000 raised by the company’s employee base to Children’s Friend via the...
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

Citizens Bank rewards employees, charity in wake of tax reform

PROVIDENCE – Standing to gain hundreds of millions of dollars in the wake of tax reform, Citizens Financial Group Inc. is sharing some of...
CITIZENS BANK provided $25 million in working capital to Sea-3 LLC, a New Hampshire-based wholesale storage and distribution terminal operator of liquefied petroleum gas.

Citizens Bank provides $25M for N.H. LPG company

PROVIDENCE – Citizens Bank this month provided $25 million in working capital to a New Hampshire-based liquefied petroleum gas company.The credit facility was provided...
CITIZENS BANK provided $23 million to help finance a merger including New Hampshire-based GI Plastek and South Carolina-based Precision Southeast Inc. to create a new company called PSI Molded Plastics Inc. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens Bank provides $23 million for merger including N.H. plastics firm

PROVIDENCE – Citizens Bank last week announced it provided $23 million to help finance a merger including a New Hampshire plastics company.The merger, between...
CITIZENS BANK LEADERSHIP celebrates the donation of $200,000 to the Citizens Charitable Foundation in 2016, which was distributed to nonprofits in 2017. From left: Citizens Bank officials Brad Conner, vice chairman, consumer banking, and Don McCree, vice chairman, commercial banking, join Bruce Van Saun, Citizens chairman and CEO; Barbara Cottam, chair of Citizens Charitable Foundation; Sasha Purpura of Food for Free; and David Caprio of Children’s Friend and Service. / COURTESY CITIZENS BANK

Citizens Charitable Foundation awards $250K in grants to nonprofits

PROVIDENCE – In a late-November announcement, Citizens Charitable Foundation disclosed that it had donated grants totaling nearly $250,000 to local nonprofits in 2017.The campaign...
EXPANDING: Home Loan Investment Bank recently opened two new lending offices, in Warwick and Providence. Above, foreground, Kevin Roche, vice president, speaks with Tania Krouse, mortgage adviser, while John Casey, background left, mortgage banker, consults with Brian J. Murphy, chairman and CEO. / PBN PHOTO/MICHAEL SALERNO

Small banks, credit unions still finding value in opening new branches

When was the last time you went to the bank?If you can’t remember, you’re not alone. Waiting in line for the bank teller is...
SUSAN LAMONICA, chief human resources officer at Citizens Bank, was recognized with the bronze award in the Female Executive of the Year category at the 14th annual Stevie Awards for Women in Business. / COURTESY CITIZENS BANK

LaMonica recognized as a top female executive in business

PROVIDENCE – Susan LaMonica, Citizens Bank chief human resources officer, was recognized with the bronze award in the Female Executive of the Year category...
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