Q:

When was Citizen's Bank founded?

A:

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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