Citizens

Citizens Bank offers banking solutions and financial services. Read more

Bruce Van Saun's photo - Chairman & CEO of Citizens

Chairman & CEO

Bruce Van Saun

CEO Approval Rating

63/100

Founded:

1828

Status:

PublicIndependent CompanyNYSECFG

CITIZENS TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Santander is perceived as one of Citizens's biggest rivals. Santander was founded in 1857, and its headquarters is in Boadilla del Monte, Madrid. Santander competes in the Banks field. Santander has 173,089 more employees than Citizens.

Bank of America is one of Citizens's top rivals. Bank of America is a Public company that was founded in 1998 in Charlotte, North Carolina. Bank of America operates in the Banks industry. Compared to Citizens, Bank of America has 193,900 more employees.

Ally is Citizens's #3 rival. Ally is a Public company that was founded in Detroit, Michigan in 1919. Ally is in the Diversified Financial Services industry. Ally has 8,600 fewer employees vs. Citizens.

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Citizens Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$6.9B

Citizens's revenue is the ranked 17th among it's top 10 competitors. The top 10 competitors average 31.2B. Over the last four quarters, Citizens's revenue has decreased by 5.2%. Specifically, in Q1 2021's revenue was $1.7B; in Q4 2020, it was $1.7B; in Q3 2020, it was $1.8B; in Q2 2020, Citizens's revenue was $1.8B.

Citizens Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

National Online Deposit Business and 80 East Coast Branches of HSBC Bank U.S.A, N.A.

May 2021

Source »
$9.2B
-
Trinity Capital, LLC

Feb 2020

Source »
undisclosed
Trinity Capital provides investment banking, mergers, acquisitions, debt restructuring and private placement advisory services to businesses.
Bowstring Advisors, LLC

Mar 2019

Source »
undisclosed
Bowstring provides merger, acquisition and financial advisory services to SMEs.
Clarfeld Financial Advisors, LLC

Nov 2018

Source »
undisclosed
Clarfeld is a financial firm that offers investment management, financial planning, tax preparation and consulting services for businesses.
Franklin American Mortgage Company, Inc.

May 2018

Source »
$511M
FAMC is a mortgage banking firm that provides retail and wholesale residential mortgages.

These are all the companies that Citizens has acquired. Citizens has acquired 9 companies and its latest acquisition was National Online Deposit Business and 80 East Coast Branches of HSBC Bank U.S.A, N.A. in May 2021.

Citizens Funding History

Since Citizens was founded in 1828, it has participated in 1 round of funding. In total Citizens has raised $3.0B. Citizens' funding round was on Sep 2014 for a total of $3.0B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Sep 2014
$3B

Since Citizens was founded in 1828, it has participated in 1 round of funding. In total Citizens has raised $3.0B. Citizens' funding round was on Sep 2014 for a total of $3.0B

Citizens Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Kape provides online security, PC repair and privacy optimization services.
$220M
May 27, 2021
Post-IPO Debt
-
Nice-Pak designs, manufactures and distributes wet wipe products for industrial and commercial sectors.
$325M
Feb 21, 2021
Debt
-
Skydance is a California-based media company that produces films, animation and television shows.
$1B
Jan 21, 2021
Debt
-
Aligned Energy is a data center operator that provides managed infrastructure, disaster recovery planning and colocation services for businesses.
$1B
Sep 15, 2020
Debt
-
SCF is a commercial finance firm that provides leasing, lending and capital funding solutions for aviation, energy, healthcare and mining industries.
$1B
Aug 12, 2020
Debt
-

These are all the companies that Citizens has invested in. Citizens has invested 9 companies and its latest investment was National Online Deposit Business and 80 East Coast Branches of HSBC Bank U.S.A, N.A. in May 2021.

Citizens News

June 10, 2021Global Legal Chronicle

Citizens Financial Group's Acquisition of HSBC East Coast Branches and National Online Deposit Business

Debevoise & Plimpton LLP advised Citizens Financial Group, Inc. in the transaction. Citizens Financia... See more »
June 5, 2021PYMNTS

Citizens Financial, BJ's Wholesale BNPL Pact Shakes Up Retail's Hottest Finance Party

Look out, Klarna. Move over, Affirm. Heads up, Afterpay. Citizens Financial is crashing the BNPL part... See more »
June 4, 2021CompanyNews HQ

Citizens Financial Group to Participate at the Morgan Stanley U.S. Financials, Payments & CRE Conference

06/03/2021 Citizens Financial Group to Participate at the Morgan Stanley U.S. Financials, Payments & ... See more »
June 4, 2021CompanyNews HQ

Citizens Financial Group Announces Redemption of 250,000 Shares of its Series A Non-Cumulative Perpetual Preferred Stock

06/04/2021 Citizens Financial Group Announces Redemption of 250,000 Shares of its Series A Non-Cumula... See more »
June 3, 2021PYMNTS

BJ's Wholesale Club Unveils BNPL Option With Citizens Bank

BJ's Wholesale Club has tapped Citizens Bank to provide Citizens Pay as a buy now, pay later (BNPL) p... See more »
May 28, 2021The Business Desk

Kape secures $220m funding facilities from bank syndicate | TheBusinessDesk.com

The new debt facilities will replace all Kape's existing loans.... See more »
May 27, 2021The Business Journals: Pittsburgh Business Times

Citizens Bank parent agrees to acquire 80 HSBC branches in 'springboard' for national expansion

The deal gives Citizens an entry into New York City, Washington, D.C., and South Florida.... See more »

Citizens Press Releases

January 27, 2021Business Wire

Citizens Financial Group Announces Extension of Early Participation Date and Early Results of its Private Exchange Offers for Five Series of Subordinated Notes

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group Announces Extension of Early Participatio... See more »
January 27, 2021Business Wire

Citizens Announces Consumer Financing Partnership With BJ's Wholesale Club

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens today announced a partnership to provide consumer financi... See more »
October 22, 2020Business Wire

Citizens and EVERFI Launch Course to Help Educate High School Students on Financing Higher Education

PROVIDENCE, R.I. & WASHINGTON--(BUSINESS WIRE)--Citizens and EVERFI today announced the introduction ... See more »
February 11, 2020Business Wire

Citizens Bank Hosts Third Annual Small Business Community Champion Award

BOSTON--(BUSINESS WIRE)--Citizens Bank is hosting a contest to award small businesses in four major m... See more »
November 16, 2019StreetInsider

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG) announced that its boa... See more »
October 18, 2019centralcharts

Citizens Financial Group, Inc. Reports Third Quarter Net Income of $449 million and EPS of $0.97

Citizens Financial Group, Inc. (NYSE: CFG or "Citizens") today reported third quarter 2019 financial ... See more »
September 4, 2019Business Wire

Citizens Bank Invites Innovators to Tackle Banking Sector Challenges at Second Citizens Challenge Hackathon

BOSTON--(BUSINESS WIRE)--Citizens Bank is inviting early-stage startups, developer teams, students an... See more »

Citizens Videos

April 15, 2021Citizens Youtube Channel

"Unlock Your Best Pampered Self" on YOUTUBE

December 11, 2020Citizens Youtube Channel

"Citizens ERL Ready To Refi" on YOUTUBE

December 11, 2020Citizens Youtube Channel

"Citizens ERL Triplets" on YOUTUBE

December 1, 2020Citizens Bank Youtube Channel

"Learn about SpeciFi Save & Grow" on YOUTUBE

November 24, 2020Citizens Bank Youtube Channel

"Citizens Mortgage Application Process" on YOUTUBE

Social Media

Citizens Headquarters

One Citizens Plaza

Providence, Rhode Island02903

401-456-7000

Driving Directions »

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Citizens Summary

ABOUT

Overview

Citizens Bank offers banking solutions and financial services. Citizens was founded in 1828. Citizens' headquarters is located in Providence, Rhode Island, USA 02903. It has raised 3.0B in 1 round. The latest round was in Sep 2014. Citizens' primary i...

CEO

Citizens's Chairman & CEO, Bruce Van Saun, currently has an approval rating of 63%. Citizens's primary competitors are Santander, Bank of America & Ally.

Frequently Asked Questions about Citizens

  1. When was Citizens founded?

    Citizens was founded in 1828
  2. Who is Citizens's CEO?

    Citizens's CEO is Bruce Van Saun
  3. How much revenue does Citizens generate?

    Citizens generates $6.9B in revenue
  4. How much funding does Citizens have?

    Citizens has historically raised $3B in funding
  1. Where is Citizens's headquarters?

    Citizens's headquarters is in Providence Rhode Island, USA
  2. How many employees does Citizens have?

    Citizens has 18,100 employees
  3. Who are Citizens's competitors?

    Citizens's top competitors are Santander, Bank of America, Ally
  4. Who has Citizens invested in?

    Citizens's has invested in companies such as Kape, Nice-Pak, Skydance