Citizens Related Content

Citizens Business Conditions Index Gains Momentum in Q3

Citizens' Business Conditions Index rose to 56.1 in Q3/22, regaining momentum after a drop in Q2 economic sentiment prompted by inflation concerns. Q3’s score extends the index’s streak to eight straight quarters above 50, indicating continued growth conditions for businesses. read more

Citizens Appoints O’Connell as NYC Metro Market Executive

Citizens appointed Rebecca O’Connell as its market executive for its New York City Metro branch. Citizens recently expanded its NYC Metro customer base by acquiring HSBC’s East Coast branches and New Jersey-based Investors Bank. read more

Citizens Launches Carbon Offset Deposit Accounts for Corporate Clients

Citizens launched a carbon offset deposit account solution to provide corporate clients with a way to acquire carbon offsets using credit earned on their deposits and to integrate sustainability into their strategies and products. read more

Citizens Provides $50MM Credit Facility to Crosslake Technologies

Citizens provided a $50 million credit facility to Charlotte, NC-based Crosslake Technologies. Citizens is left lead arranger and administrative agent. The credit has a $25 million revolving line of credit and a $25 million term loan. read more

Citizens Business Conditions Index Drops, Remains in Expansionary Territory in Q4/21

Citizens reported that its Citizens Business Conditions Index (CBCI) dropped to a mark of 54.4 for Q4/21, down from 57.8 at the end of September but still in expansionary territory. read more

Citizens Business Conditions Index Dips Slightly but Remains in Expansionary Territory

Citizens reported that the Citizens Business Conditions Index fell slightly to a mark of 57.1 in Q3/21 from Q2/21’s reading of 57.4. Despite the decrease, Citizens said the third quarter’s reading reflects continued strength in the recovery since COVID-19 stunned the economy and markets in 2020. read more

Citizens: U.S. Business Conditions Recover with Increased Vaccinations, Fiscal Package

Continued economic recovery from the shock of the COVID-19 pandemic kept the Q1/21 national Citizens Business Conditions Index (CBCI) in upbeat territory with a reading of 53.3. This compares with a Q4/20 reading of 56. A reading above 50 is considered expansionary. read more

Business Owners and Private Equity Firms Expect Wave of M&A Deals in H2/21

An improved public health environment and the possibility of higher capital gains taxes will likely drive increased merger and acquisition activity in 2021, according to a Citizens survey of 700 leaders at U.S. middle market companies and private equity firms. read more

Citizens Agents $55MM Loan for LeCesse, MAS Development

Citizens Commercial Banking served as administrative agent on a $55 million loan for LeCesse Development and MAS Development Group. read more

Wesemeier, Los Join Citizens as Managing Directors

Citizens Commercial Banking has hired Peter Wesemeier and Ben Los as managing directors, expanding the bank’s expertise in financial institution and insurance industry clients. read more

Shanahan Joins Retail Finance Group at Citizens

Jason Shanahan joined Citizens Commercial Banking as a senior vice president and senior originator in the bank’s Retail Finance Group. read more

Citizens Names Hazzard Head of Structured Finance

Citizens Bank named Brent Hazzard head of Structured Finance at Citizens Commercial Banking. read more

Citizens Hires Ridgway as SVP/Business Capital Division

Lawrence Ridgway was hired as an SVP in Citizens commercial banking’s business capital division. read more

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