M&A Deal Summary

Citizens Financial Group Acquires Old Stone Federal Savings Bank

On July 8, 1994, Citizens Financial Group acquired financial services company Old Stone Federal Savings Bank

Acquisition Highlights
  • This is Citizens Financial Group’s 7th transaction in the Financial Services sector.
  • This is Citizens Financial Group’s 7th transaction in the United States.
  • This is Citizens Financial Group’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 1994-07-08
Target Old Stone Federal Savings Bank
Sector Financial Services
Buyer(s) Citizens Financial Group
Deal Type Add-on Acquisition

Target

Old Stone Federal Savings Bank

Providence, Rhode Island, United States
Old Stone Federal Savings Bank provides 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 7 of 35
Sector (Financial Services) 7 of 30
Type (Add-on Acquisition) 7 of 30
State (Rhode Island) 1 of 1
Country (United States) 7 of 35
Year (1994) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-05-20 Coastal Savings Bank FSB

New London,, Connecticut, United States

Coastal Savings Bank, FSB is a provider of commercial banking services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-06 Quincy Savings Bank

Quincy,, Massachusetts, United States

Quincy Savings Bank provides banking services in Massachusetts.

Buy $148M
Mergr

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