Citizens Financial Group, Inc. to Acquire HSBC East Coast Branches and National Online Deposit Business
has entered into an agreement to acquire 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A, N.A..
- has entered into an agreement to acquire 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A, N.A..
- With a sizable customer base and a solid deposit franchise, this acquisition will serve as a springboard for our consumer national expansion strategy.
- We are excited to welcome the HSBC employees and customers to Citizens, said Brendan Coughlin, Citizens Head of Consumer Banking.
- The branches to be acquired will operate as HSBC branches until closing and will be re-branded as Citizens branches immediately upon closing of the transaction.