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PROVIDENCE-based Citizens Financial Group, the holding company for Citizens Bank, increased the holdings of its wealth management clients in Bank of America by 484 percent in the last quarter. The two financial institutions are the No. 1 and No. 2 largest consumer banks in Rhode Island based in local deposits. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens’ clients bullish on BofA

PROVIDENCE – Citizens Financial Group Inc. has purchased an additional 288,283 shares of Bank of America stock on behalf of its wealth management clients,...
CITIZENS FINANCIAL GROUP has entered into a definitive agreement to acquire Clarfeld Financial Advisors LLC for an undisclosed sum. / PBN FILE PHOTO/ELI SHERMAN

Citizens agrees to acquire N.Y.-based wealth management firm

PROVIDENCE – Citizens Financial Group Inc. has entered into a definitive agreement to acquire Clarfeld Financial Advisors LLC, the company announced Monday.Citizens said the...
CITIZENS FINANCIAL GROUP has authorized the sale of $300 million of Series C Preferred Stock for general corporate use. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA

Citizens authorizes sale of $300M in Series C Preferred Stock

PROVIDENCE – Citizens Financial Group Inc. has authorized an offering 300,000 shares of Series C Preferred Stock at $1,000 per share, the company announced...
CITIZENS FINANCIAL GROUP, its Providence headquarters shown here, reported net income of $443 million in third quarter, up from $425 million in the previous quarter and $348 million a year earlier. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Citizens reports 27% profit growth in Q3

PROVIDENCE – Citizens Financial Group Inc., the holding company for Citizens Bank, on Friday reported a $443 million quarterly profit, or 91 cents per...

Citizens Bank could withstand deep recession, stress test shows

PROVIDENCE – A deep, prolonged recession would cost Providence-based Citizens Bank billions of dollars, but the bank would be able to withstand it, according...

Citizens Financial Group appoints new board member, another to retire

PROVIDENCE – Terrance “Terry” J. Lillis, a retired financial-services executive from the Midwest, will join Citizens Financial Group Inc.’s board of directors, effective Feb....

Most-read stories on PBN.com, August 2018

1. PBN announces 2018 Fastest Growing & Innovative Companies. POSTED ONLINE: AUG. 24. Twenty local companies have earned a spot on Providence Business News’...
ONE CITIZENS PLAZA, Providence, which houses the office of company CEO and President Bruce Van Saun, is slated to be auctioned for sale next month, but the bank has no plans to leave. / PBN FILE PHOTO/ TRACY JENKINS

Citizens Financial Group: We’re staying put

PROVIDENCE - Citizens Financial Group is based in Providence and intends to keep it that way.One Citizens Plaza, the downtown Providence building where the...
CITIZENS FINANCIAL GROUP, its Providence headquarters shown here, reported net income of $443 million in third quarter, up from $425 million in the previous quarter and $348 million a year earlier. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

One Citizens Plaza building – headquarters for Citizens Bank – to...

PROVIDENCE – The 13-story building that includes the headquarters of Citizens Financial Group Inc. will be sold at auction on Sept. 25, according to...
PBN PHOTO/MIKE SKORSKI

Most-read stories on PBN.com, July 2018

1. 2018 40 Under Forty winners feted at Aldrich Mansion POSTED ONLINE: JULY 20. A record crowd of 475 took the occasion of a...
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