Citizens Related Content

Citizens’ Business Conditions Index Shows Slowdown in Economic Momentum in Q1/24

The Citizens Business Conditions Index fell to 48.2 in Q1/24 as business activity normalized from elevated levels in recent quarters. The reading below 50 indicates that economic momentum slowed during the first quarter against a backdrop of moderately restrictive monetary policy. read more

More Than 70% of SMBs View Private Equity as Potential Funding Source

According to a new study from Citizens, 72% of small- and mid-size businesses in the U.S. view the private equity industry as a source of current or future partnership and funding, with sponsors anticipating higher deal volumes in 2024. read more

Citizens Business Conditions Index Rose in Q4/23, Indicating Optimism About US Economy

Citizens Business Conditions Index rose to 51.8 in Q4/23, supported by continued resilience in the labor market and consumer trends. The second consecutive quarterly reading above 50 indicates that the U.S. economy exited 2023 with momentum. read more

Citizens M&A Outlook Finds Surging Enthusiasm for Dealmaking in 2024

Citizens’ 2024 M&A outlook report revealed optimism about the environment for dealmaking activity this year, underpinned by solid expectations for the U.S. economy and a pop in enthusiasm, especially among buyers. read more

Citizens Survey Finds Mid-Size Companies, Private Equity Firms are Embracing Artificial Intelligence

Mid-size companies and private equity firms are embracing artificial intelligence by implementing the technology to assess data, automate processes and streamline financial operations, according to a new survey from Citizens. read more

Citizens Expands Corporate Banking Team in New York and New Jersey

Citizens appointed Anthony Selvaggio New York City market executive and hired Robert Milas as Long Island market executive and Gino Di Saverio as northern and central New Jersey market executive for the bank’s corporate banking team. read more

Citizens Business Conditions Index Bounces Back in Q1/23

Citizens announced its national Citizens Business Conditions Index (CBCI) rose to 53.9 in Q1/23, reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends. read more

Citizens Business Conditions Index Drops Sharply in Q4/22

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect. read more

Citizens M&A Outlook Optimistic Despite Headwinds

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. read more

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

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