Citizens Financial Group - M&A Summary and Business Overview

Financial ServicesCompany

Citizens Financial Group M&A Summary

Citizens Financial Group has acquired 35 companies, including 6 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 12 different US states. The Company’s most targeted sectors include financial services (86%) and business services (12%).

Citizens Financial Group Business Overview

Where is Citizens Financial Group headquartered?

Citizens Financial Group is headquartered in Providence, Rhode Island.

How many employees does Citizens Financial Group have?

Citizens Financial Group has 17,800 employees.

What sector is Citizens Financial Group in?

Citizens Financial Group is a financial services company.

When was Citizens Financial Group founded?

Citizens Financial Group was founded in 1828.

M&A Summary

  • M&A Total Activity42
    • M&A Buy Activity35
    • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 29 1 3 2 - - 35
vol $18.9B $3.6B $22.6B
Sell (0.0/yr) # 7 - - - - - 7
vol $3M $3M
  42

Most Recent M&A

Company Date Value Type
College Raptor, Inc. 2022-09-13 - Add-on Acquisition
Coralville, Iowa · www.collegeraptor.com
Paladin Advisors 2022-07-14 - Add-on Acquisition
Kensington, New Hampshire · www.paladinadvisors.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 30 (86%) 22.4B (99%) 6 (86%) 3M (100%)
Business Services 4 (11%) 149M (1%) - -
Insurance 1 (3%) - 1 (14%) -
Total 35 $22.6B 7 $3M

By Geo

State/Country Buy Value Sell Value
United States 35 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 - -
  New Hampshire 1 - - -
  Missouri 1 92M - -
  Iowa 1 - - -
  New York - - 1 -
  Indiana - - 1 -
Total 35 $22.6B 7 $3M

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
Keefe, Bruyette, & Woods, Inc.
 1
BofA Securities
 1
Legal Deals
Sullivan & Cromwell
 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)
11%
4 (11%)
Divested to
Strategic(s)
100%
7 (100%)

Company Summary

SECTOR

Financial Services

Employees

17,800

Established

1828

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