CFG

Citizens Financial Group to Participate at the 2024 RBC Capital Markets Financial Institutions Conference

Retrieved on: 
Tuesday, February 20, 2024
Banking, Asset Management, Professional Services, Finance, RBC Capital Markets, CFG, Citizens Financial Group, Conference

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participate at the RBC Capital Markets Financial Institutions Conference to be held on Tuesday, March 5, 2024 at 10:00 am ET.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participate at the RBC Capital Markets Financial Institutions Conference to be held on Tuesday, March 5, 2024 at 10:00 am ET.
  • The live webcast will be available at https://investor.citizensbank.com under Events & Presentations.

Citizens Financial Group Announces Appointment of Tracy A. Atkinson to Board of Directors; Edward J. Kelly III to Serve as Lead Independent Director with Retirement of Shivan Subramaniam

Retrieved on: 
Friday, February 16, 2024
Banking, Asset Management, Professional Services, Finance, CFO, Head, Disability, Certified Public Accountant, MFS Investment Management, Compensation, Risk management, Affiliated Managers Group, Citizens Financial Group, Subramaniam, State Street Corporation, Treasurer, Woman, PwC, Raytheon Technologies, Most, CFG, Arc, Partner, U.S. Steel, Management

Added Van Saun: “I very much look forward to Ned’s continued contributions to Citizens in his expanded role, and I would like to express my deep appreciation to Shivan for his strong counsel and invaluable service since joining our board in 2005 -- a highly successful and transformative period for Citizens.”

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Tracy A. Atkinson to the company’s Board of Directors, effective March 1, 2024.
  • Atkinson’s appointment will temporarily expand the Citizens Board to 14 directors.
  • “We are pleased to welcome Tracy to our board of directors,” said Chairman and Chief Executive Officer Bruce Van Saun.
  • Subramaniam, who has served on the Board since 2005, has reached the mandatory retirement age under the company’s Corporate Governance Guidelines.

Citizens Financial Group, Inc. Declares Dividends on Preferred Stock

Retrieved on: 
Wednesday, February 14, 2024
Small Business, Banking, Professional Services, Finance, CFG, Citizens Financial Group, Life insurance

Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024:

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024:
    a quarterly cash dividend of $21.723520 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B;
    a quarterly cash dividend of $15.9375 per share on CFG’s 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C;
    a quarterly cash dividend of $15.875 per share ($0.396875 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D;
    a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th interest in a share of the preferred stock) on CFG’s 5.000% Fixed-For-Life Non-Cumulative Perpetual Preferred Stock, Series E;
    a quarterly cash dividend of $14.125 per share on CFG’s 5.650% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F; and
    a quarterly cash dividend of $10.00 per share on CFG’s 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G.

Citizens Financial Group Appoints Brendan Goode as Chief Security Officer

Retrieved on: 
Wednesday, February 14, 2024
Banking, Professional Services, Finance, Senior, CBA, Deutsche Bank, Citizens Financial Group, Commonwealth Bank, Fraud, PNC Financial Services, Information, Safety, Justice, Private sector, CISO, Electrical engineering, FBI, Justice minister, CFG, CSO, CIO, Citigroup, Security

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024.
  • Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security.
  • “We have designed a thoughtful transition process that will further strengthen the bank’s security posture and business resilience capabilities.”
    Goode joins Citizens from Commonwealth Bank of Australia (CBA), where he most recently served as Chief Security Officer with responsibility for the Group Security organization.
  • She joined Citizens from Mandiant where she was the Director of Information Security Programs and previously served as the Chief Information Security Officer for PNC Financial Services and held senior leadership roles with the FBI and Department of Justice.

Steve Clifford joins Carofin as Managing Director

Retrieved on: 
Tuesday, February 13, 2024
Citadel, Knight Ridder, Investment, Growth, Nationwide Mutual Insurance Company, University, Vietnam War, Mathematics, Business administration, MetLife, CFG, CFS, Management

BREVARD, N.C., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities (collectively “Carofin”) are pleased to announce that Steve Clifford has joined the firm as a Managing Director.

Key Points: 
  • BREVARD, N.C., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Carofin and Carolina Financial Securities (collectively “Carofin”) are pleased to announce that Steve Clifford has joined the firm as a Managing Director.
  • “Steve brings a wealth of experience, in particular in income planning, to our mission of offering direct private investments to high-net-worth-individuals and family offices,” commented Bruce V. Roberts, Carofin’s C.E.O.
  • Clifford was responsible for his firm’s sales through wirehouse, regional, and independent investment advisory channels.
  • “Building and managing sales teams, in particular in the financial services sector, has been my passion for over 35 years,” said Clifford.

Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office

Retrieved on: 
Thursday, February 8, 2024
Banking, Professional Services, Chyorny, Wealth, Private banking, First Republic Bank, Private, Growth, JPMorgan Chase, CFG, Head, Wells Fargo, Consumer, Citizens Financial Group

On the heels of launching its new Private Bank and hiring about 200 bankers in 2023, Citizens bolstered its wealth leadership team with the addition of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers.

Key Points: 
  • On the heels of launching its new Private Bank and hiring about 200 bankers in 2023, Citizens bolstered its wealth leadership team with the addition of Michael Cherny as Head of Citizens Wealth Management Advisors and Tom Metzger as Head of Citizens Private Wealth Managers.
  • “Hiring these two high quality executives demonstrates the strength of Private Banking and Wealth Management talent that we have been able to attract to Citizens.
  • All of Citizens new Private Banking offices will offer freshly-baked cookies and signature branded umbrellas to clients at its local offices as symbols of extraordinary service.
  • Citizens Private Bankers are committed to being a single point of contact for clients looking to preserve and grow their wealth.

Results of West Texas Headwinds and FDIC Surprise 4th Quarter Assessment Only Things Standing Between HOMB and Expected 2023 Goal of $400 Million Plus

Retrieved on: 
Thursday, January 18, 2024
Silicon, CFG, FDIC, Internet access, ROA, Trust, Home, Federal Deposit Insurance Corporation, Home BancShares, FHLB, Centennial, Signature Bank, Environment, Calendar, Internet, FRB, HOMB, Silicon Valley Bank, Bank

Our net interest margin was 4.17% for the three-month period ended December 31, 2023, compared to 4.19% for the three-month period ended September 30, 2023.

Key Points: 
  • Our net interest margin was 4.17% for the three-month period ended December 31, 2023, compared to 4.19% for the three-month period ended September 30, 2023.
  • During the fourth quarter of 2023, there was $120,000 of event interest income compared to $521,000 of event interest expense for the third quarter of 2023.
  • Net charge-offs were $3.0 million and $2.9 million for the three months ended December 31, 2023 and September 30, 2023, respectively.
  • Stockholders’ equity was $3.79 billion at December 31, 2023, compared to $3.65 billion at September 30, 2023, an increase of approximately $136.2 million.

J.C. Flowers Completes $125-Million Equity Investment in Capital Funding Bancorp, Inc.

Retrieved on: 
Wednesday, December 20, 2023
Oliver Cromwell, Partnership, Bank, HUD, PNC, FIG, Sullivan & Cromwell, Flower, CFG, Growth, J.C. Flowers & Co., National bank, National Bank of Canada, Creativity

NEW YORK, Dec. 20, 2023 /PRNewswire/ -- J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has closed its investment with Capital Funding Bancorp, Inc. ("CFG" or "the Company"), the holding company for CFG Bank, a top-performing Baltimore-based bank that provides financing and banking solutions to the national healthcare and multifamily industries. J.C. Flowers has initially made a $125-million, all-primary equity investment into the Company, which can increase to as much as $165 million over the next five years, for a minority interest in the Company. In conjunction with the closing, Louis Vachon and Tom Harding of J.C. Flowers will join the board of directors of the Company and CFG Bank.

Key Points: 
  • J.C.
  • Flowers has initially made a $125-million, all-primary equity investment into the Company, which can increase to as much as $165 million over the next five years, for a minority interest in the Company.
  • Flowers will join the board of directors of the Company and CFG Bank.
  • Flowers.

Kindbody Announces New Training Institute to Broaden Fertility Access to the Millions Who Need It

Retrieved on: 
Tuesday, December 19, 2023
Infertility, Fertility, Physician, Ovarian reserve, IVF, Patient safety, REI, Health, Health equity, AI, Nursing, CFG, Reis, Media, Investment, Patient, Diagnosis, Curriculum, OB

NEW YORK, Dec. 19, 2023 /PRNewswire/ -- Kindbody, the leading national fertility clinic network and global family-building benefits provider for employers, announced today the launch of its new innovative training program, KindInstitute. In 2024, the Company will see its first cohort of fertility doctors graduate after completing rigorous didactic training and in-clinic technical training.

Key Points: 
  • In 2024, the Company will see its first cohort of fertility doctors graduate after completing rigorous didactic training and in-clinic technical training.
  • It aims to solve industry-wide challenges which contribute to preventing the millions of Americans who need, but cannot afford, fertility care, disproportionately affecting minorities and those in underserved communities.
  • This also allows Kindbody REI physicians to devote more of their time to their patients, improving patient safety and outcomes, while increasing access to care.
  • Kindbody will continue to innovate by creating a more seamless, patient-centered fertility journey in 2024 to expand access to care.

Citizens Rolls Out Sustainably Manufactured Mastercard Debit and ATM Cards

Retrieved on: 
Tuesday, December 12, 2023
Finance, Banking, Payments, Professional Services, Technology, NYSE, PVC, Carbon footprint, Citizens Bank, Consumer, Citizens Financial Group, ATM card, Somatosensory system, Multimedia, Mastercard, ATM, CFG, Partnership, ESG, POS, Calbayog, Payment card, Financial services, Citizenship

Citizens Financial Group, Inc. (NYSE: CFG) today announced the full rollout of Citizens Bank, N.A.’s (“Citizens”) new sustainably manufactured Mastercard® Debit and ATM Card, the latest product in a collaborative partnership with its exclusive partner, Mastercard .

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced the full rollout of Citizens Bank, N.A.’s (“Citizens”) new sustainably manufactured Mastercard® Debit and ATM Card, the latest product in a collaborative partnership with its exclusive partner, Mastercard .
  • Citizens was the first bank in the U.S. to introduce Mastercard’s Touch Card feature, first implemented in May 2023 on the Citizens Private Client™ World Elite Mastercard and now on all Citizens debit and ATM cards.
  • “With partners like Citizens and cards like the new Citizens Mastercard Debit and ATM Cards, people can feel confident that their payment choice reflects our shared values.”
    The reissuance for consumer and business debit and ATM cardholders will begin in January 2024, converting all Citizens’ debit and ATM cards to Mastercard.
  • The rPVC debit and ATM cards are manufactured exclusively by global security technology company Giesecke+Devrient (G+D).