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Mergers & Acquisitions Hub

Mergers and acquisitions are part of our Citizens strategy. They enable us to broaden our footprint and expand our capabilities so we can help more customers.

Below are questions you may have as a job seeker, candidate or current colleague of a company we recently acquired.

General M&A FAQs

Did Citizens complete acquisitions recently?

Citizens has purchased or entered into an agreement to purchase several organizations to better support our customers with capabilities and solutions. Since our IPO in 2014 that list includes:

  • 2017 – Western Reserve Partners
  • 2018 – Franklin American Mortgage Company
  • 2019 – Bowstring Advisors, and Clarfeld
  • 2020 – Trinity Capital Investment Banking
  • 2021 – HSBC, Investors Bancorp, Willamette Management Associates, and JMP Group

You can learn more about our history and acquisitions on our Investor Relations page.

Why did Citizens acquire my company?

Mergers and acquisitions are part of Citizens’ strategy. They enable us to broaden our footprint and expand our capabilities so we can help more customers.

What are your plans for integration?

We aim to integrate with our newly acquired organizations as smoothly and transparently as possible for colleagues, customers, and partners.

Can employees of acquired companies apply for a job at Citizens?

Anyone is welcome to visit jobs.citizensbank.com to apply for our open roles.

Where can I learn about Citizens’ benefits?

We offer programs and benefits to support our colleagues — personally and professionally — to help them thrive across all aspects of their life. Visit our Benefits page to learn more.

Where can I learn more about the acquisitions?

Our press releases have all the details. You can find them on our Latest News page.

HSBC FAQs

Did Citizens purchase HSBC?

We entered into an agreement to acquire 80 east coast branches and the national online deposit business from HSBC. This includes locations in the New York City Metro area, the Mid-Atlantic/Washington, D.C. area, and Southeast Florida. The branches to be acquired will operate as HSBC until closing (expected in the first quarter of 2022) and will be re-branded as Citizens branches upon the closing of the transaction.

Why did Citizens decide to acquire HSBC?

This transaction provides us with an attractive entry into the important New York City Metro, Washington D.C. and Southeast Florida markets. It serves as a springboard for our consumer national expansion strategy.

Where do I fit within Citizens’ organization?

The branches we acquired from HSBC will become part of our Retail team. You can find more information about that group on our Retail Careers page.

Investors Bancorp FAQs

Did Citizens purchase Investors Bancorp?

Citizens has entered into an agreement to purchase Investors Bancorp. The transaction is expected to close in the first or second quarter of 2022.

Where do I fit within Citizens’ organization?

Investors Bancorp employees will join multiple teams across Citizens. You can find more information about our businesses and functions on the career site.

Willamette FAQs

Did Citizens purchase Willamette Management Associates?

Yes. The transaction closed in the third quarter of 2021.

Where do I fit within Citizens’ organization?

Willamette Management Associate employees became part of the Commercial Banking team. You can find more information about that business on our Commercial careers page.

JMP Group FAQs

Did Citizens purchase JMP Group?

Citizens has entered into an agreement to purchase JMP Group. The transaction is expected to close in the fourth quarter of 2021.

Where do I fit within Citizens’ organization?

JMP employees will become part of the Commercial Banking team. You can find more information about that business on our Commercial careers page.

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