Citizens Financial Group Mergers and Acquisitions Summary

Financial ServicesCompany

Citizens Financial Group has acquired 33 companies, including 4 in the last 5 years. It has also divested 7 assets.

Citizens Financial Group’s largest acquisition to date was in 2004, when it acquired Charter One Financial for $10.5B. It’s largest disclosed sale occurred in 2012, when it sold Citizens Financial Group - 56 Branches to People s United Financial for $3M. Citizens Financial Group has acquired in 10 different US states. The Company’s most targeted sectors include financial services (91%) and business services (7%).

Join Mergr and gain access to Citizens Financial Group’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity33
    • M&A Sell Activity7
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 10
  • M&A Advisors 4

Citizens Financial Group, Inc.

One Citizens Plaza,
Providence, Rhode Island 02903
United States,
(401) 456-7000
www.citizensbank.com

Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide banking products and services.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 29 - - - 1 3 33
vol $18.9B $3.6B $22.6B
Sell (0.0/yr) # 7 - - - - - 7
vol $3M $3M
  40

Most Recent M&A

Company Date Value Type
JMP Group LLC 2021-09-08 149M USD Add-on Acquisition
San Francisco, California · www.jmpg.com
Willamette Management Associates 2021-08-05 - Add-on Acquisition
Chicago, Illinois · www.willamette.com
Investors Bancorp, Inc. 2021-07-28 3.5B USD Merger
Short Hills, New Jersey · www.myinvestorsbank.com
Trinity Capital LLC 2020-02-13 - Add-on Acquisition
Los Angeles, California · www.tcib.com
Citizens Financial - 94 Charter One Branches & Other Assets 2014-01-07 - Divestiture
Chicago, Illinois
Citizens Financial - 56 Branches 2012-02-28 - Divestiture
, United States
Citizens Financial Group - 56 Branches 2012-02-28 3M USD Divestiture
, United States
Citizens Financial Group - 65 Branches 2009-03-20 - Divestiture
, Indiana
Citizens Bank - 18 Branches 2008-11-07 - Divestiture
, New York
The Feitelberg Co., Inc. 2008-03-26 - Divestiture
Fall River, Massachusetts
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 30 (91%) 22.4B (99%) 6 (86%) 3M (100%)
Business Services 2 (6%) 149M (1%) - -
Insurance 1 (3%) - 1 (14%) -
Total 33 $22.6B 7 $3M

By Geo

State/Country Buy Value Sell Value
United States 33 22.6B 7 3M
  Massachusetts 10 2.4B 1 -
  Illinois 3 235M 2 -
  Pennsylvania 3 778M - -
  Connecticut 3 58M - -
  California 2 149M - -
  Rhode Island 1 - - -
  Ohio 1 10.5B - -
  New Jersey 1 3.5B - -
  Missouri 1 92M - -
  New York - - 1 -
  Indiana - - 1 -
Total 33 $22.6B 7 $3M

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
1
Bank of America Merrill Lynch (BofA Securities)
1
Morgan Stanley
1
Legal Deals
Sullivan & Cromwell LLP
2

Deal Values

buy # Total
> $1B 5 $20.0B
$100M to $1B 10 $2.1B
< $100M 7 $460M
TOTAL $22.6B
Largest Charter One Financial Inc.
$10.5B (2004-08-31)
sell # Total
< $100M 1 $3M
TOTAL $3M
Largest Citizens Financial Group - 56 Branches
$3M (2012-02-28)

M&A Connections

Deals
Acquired from
Strategic(s)
12%
4 (12%)
Divested to
Strategic(s)
100%
7 (100%)

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