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October 09, 2015 2:23 PM ET


Company Overview of Citizens Financial Group, Inc.

Company Overview

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment focuses on retail customers and small businesses with traditional banking products and services, including checking, savings, home loans, student loans, credit cards, business loans, and financial management services. This segment also provides indirect auto finance for new and used vehicles through automotive dealerships. The Commercial Banking segment provides various financial ...

One Citizens Plaza

Providence, RI 02903

United States

Founded in 1828

17,900 Employees



Key Executives for Citizens Financial Group, Inc.

Chairman, Chief Executive Officer and Chairman of Executive Committee
Age: 57
Total Annual Compensation: $1.5M
Chief Legal Officer, Executive Vice President and General Counsel
Age: 62
Total Annual Compensation: $2.3M
Vice Chairman of Consumer Banking
Age: 53
Total Annual Compensation: $700.0K
Chief Risk Officer and Group Executive Vice President
Age: 61
Total Annual Compensation: $575.0K
Compensation as of Fiscal Year 2014.

Citizens Financial Group, Inc. Key Developments

Citizens Financial Group, Inc. Declares Semi-Annual Dividend on Preferred Stock, Payable on October 6, 2015

Citizens Financial Group, Inc. announced that its board of directors declared a semi-annual dividend on CFG’s 5.500% fixed-to-floating rate non-cumulative perpetual Series A Preferred Stock. A dividend of $27.50 per share is payable on October 6, 2015 to holders of record at the close of business on September 21, 2015.

Citizens Financial Group Appoints Christine Cumming to Board of Directors Effective Oct. 1, 2015

Citizens Financial Group, Inc. announced the appointment of Christine M. Cumming to its board of directors effective Oct. 1, 2015. She most recently served as First Vice President and Chief Operating Officer for the Federal Reserve Bank of New York. Cumming’s appointment expands the Citizens board from 12 to 13 directors. She will serve on the Board Risk Committee.

Citizens Financial Group Announces Executive Changes

Citizens Financial Group appoints John Bahnken as a president of wealth management. He was previously head of wealth management at San Francisco-based Bank of the West. He has also worked at Bank of America and FleetBoston Financial. Bahnken replaces Mike Millard, who led the company's wealth management team for a decade. Millard is retiring from Citizens. His tenure atop the unit lasted through multiple CEOs and the bank's initial public offering and split from long-time parent Royal Bank of Scotland in 2014.

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