M&A Deal Summary

Citizens Financial Group Acquires Coastal Savings Bank FSB

On May 20, 1994, Citizens Financial Group acquired financial services company Coastal Savings Bank FSB

Acquisition Highlights
  • This is Citizens Financial Group’s 6th transaction in the Financial Services sector.
  • This is Citizens Financial Group’s 6th transaction in the United States.
  • This is Citizens Financial Group’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 1994-05-20
Target Coastal Savings Bank FSB
Sector Financial Services
Buyer(s) Citizens Financial Group
Deal Type Add-on Acquisition

Target

Coastal Savings Bank FSB

New London,, Connecticut, United States
Coastal Savings Bank, FSB is a provider of commercial banking services.

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Buyer(S) 1

Buyer

Citizens Financial Group

Providence, Rhode Island, United States
Category Company
Founded 1828
Sector Financial Services
Employees17,800
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 35
Sector (Financial Services) 6 of 30
Type (Add-on Acquisition) 6 of 30
State (Connecticut) 2 of 3
Country (United States) 6 of 35
Year (1994) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-04-14 Neworld Bancorp.

Boston,, Massachusetts, United States

Neworld Bancorp, Inc. provides banking services. The Company offers community banking, private banking and commercial banking services such as individual loans, savings and checking accounts and other financial services.

Buy $153M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1994-07-08 Old Stone Federal Savings Bank

Providence, Rhode Island, United States

Old Stone Federal Savings Bank provides commercial banking services.

Buy -
Mergr

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