March 04, 2015 9:00 AM ET

Banks

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, which provide consumer and commercial banking services in the United States. Its deposit products include on demand, checking with interest, regular savings, money market accounts, and term deposits. The company’s 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. It also operates an indirect auto financing business, providing financing for new and used vehicles through auto dea...

One Citizens Plaza

Providence, RI 02903

United States

Founded in 1828

17,677 Employees

Phone:

401-456-7000

Key Executives for Citizens Financial Group, Inc.

Chairman, Chief Executive Officer and Chairman of Executive Committee
Age: 56
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice President
Age: 55
Total Annual Compensation: $739.1K
Vice Chairman of Consumer Banking
Age: 52
Total Annual Compensation: $889.1K
Chief Risk Officer and Group Executive Vice President
Age: 60
Total Annual Compensation: $614.1K
Compensation as of Fiscal Year 2013.

Citizens Financial Group, Inc. Key Developments

Citizens Financial Group, Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Citizens Financial Group, Inc. announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported profit was £51 million against nil a year ago. For the year, the company reported profit was £53 million.

Citizens Financial Group, Inc. Announces Amendment to the Bylaws

On February 13, 2015, the Board of Directors (the Board) of Citizens Financial Group, Inc. adopted and approved an amendment to the Company's bylaws. The amendment permits a majority of the Board, in addition to holders of not less than 75% of the total voting power of all outstanding securities of the Company generally entitled to vote in the election of directors, voting together as a single class, to amend certain provisions of the Company's bylaws following the Final Withdrawal Date.

RBS May Sell Some Stake In Citizens Financial Group

The Royal Bank of Scotland Group plc (LSE:RBS) is looking to sell stake in Citizens Financial Group, Inc. (NYSE:CFG) by the end of 2015. RBS stake in Citizens may fall below 35% in 2015, Bruce Van Saun told Bloomberg Television. The European Commission has told RBS that it must sell its entire stake in Citizens by late 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 26, 2015
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Buyback
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