When Was Citizen's Bank Founded?


Quick Answer

Citizen Bank was established in 1871 as Citizen Saving Banks by High Street Bank, which was founded in 1828. By 1981, the banks had approximately $1 billion of assets with 29 branches in Rhode Island.

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Full Answer

In 1988, Citizen Bank was acquired by The Royal Bank of Scotland Group (RBS Group) as a wholly-owned subsidiary. The bank's rapid growth saw it expand into New England, Mid-Atlantic and the Midwest. By the time the financial crisis was starting, the bank's was worth $170 billion in assets. As of 2015, Citizens Bank is ranked 13th largest retail bank in the United States. The bank is listed on the NYSE with a sticker symbol of CFG.

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