Citizens Financial Group Closes Acquisition Of Hsbc East Coast Branches And National Online Deposit Business
Acquiring Company
Citizens Financial Group
Acquired Company
HSBC East Coast Branches
ProvidenceFinancial ServicesFinanceMusic And AudioFintechLendingBankingDescription
Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced the closing of its previously announced acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A., N.A. (“HSBC”), effective February 18. The acquisition extends Citizens’ physical presence to several attractive markets and adds more than 800,000 new customer accounts, accelerating the bank’s national expansion strategy.
Quick answer
Citizens Financial Group is acquiring HSBC East Coast Branches and Deposit Business, announced February 22, 2022. Citizens Financial Group is based in Providence, Rhode Island, United States.
- How much did Citizens Financial Group pay for HSBC East Coast Branches?
- The deal value was not disclosed.
- What does Citizens Financial Group do?
- At Citizens Bank, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.
- Where are Citizens Financial Group and HSBC East Coast Branches based?
- Citizens Financial Group is based in Providence, Rhode Island, United States.
- Who are the decision-makers at Citizens Financial Group?
- Fundz holds 2 contacts at Citizens Financial Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Citizens Financial Group, and when
When Citizens Financial Group changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Citizens Financial Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Citizens Financial Group, from your own LinkedIn network
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Frequently asked
Who acquired HSBC East Coast Branches?
HSBC East Coast Branches was acquired by Citizens Financial Group, based in Providence. The deal was reported on February 22, 2022. At Citizens Bank, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do. Citizens Financial Group is publicly traded (CFG) and operates in Financial Services.
When did Citizens Financial Group acquire HSBC East Coast Branches?
Citizens Financial Group's acquisition of HSBC East Coast Branches was reported on February 22, 2022. Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced the closing of its previously announced acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A., N.A. (“HSBC”), effective February 18. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does HSBC East Coast Branches do?
HSBC East Coast Branches is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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