Citizens Financial Group

Banking company with locations in 12 states.

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Headquarters:
One Citizens Plaza
Providence, RI 02903
Employees: 22,700
CEO: Ellen Alemany
Subsidiary of Royal Bank of Scotland

Website: http://www.citizensbank.com

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Citizens Financial Group, Inc. is a $153 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has 1,517 branches, 3,496 ATMs and 22,700 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania.

The company operates a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. It is one of the top 15 largest commercial banking companies in the United States ranked by assets and deposits.

Citizens Financial is a subsidiary of The Royal Bank of Scotland Group.

In 2009, Citizens reported a net loss of $740 million for the year.

History

On April 19, 1871, Citizens Savings Bank in Providence, RI, received its first deposit from Jessie Grant, the young daughter of the bank's vice president. But its history as a small community bank in New England actually began 43 years earlier when the High Street Bank opened its doors in 1828 on Hoyle Square, then the city's busy market center. The High Street Bank was chartered as a commercial bank. In 1871, the directors of High Street Bank obtained a second charter and established Citizens Savings Bank, a mutual savings bank. In 1949, the High Street Bank changed its name to Citizens Trust Company. Both companies were leaders among Rhode Island banks.

In 1985, Citizens Financial Group was established as the holding company for both banks. Citizens' downtown Newport, RI office is located in historic Gardner House, which was built in 1740. The branch is the nation's oldest banking office in continuous use today.

In December 1988, Citizens Financial Group made a strategic decision to become a wholly owned subsidiary of The Royal Bank of Scotland Group plc (RBS). Headquartered in Edinburgh, RBS has grown since that time into one of Europe's leading financial services groups. RBS's ownership gave Citizens the strengthand support of an international financial services company ­ and a partner for growth. Over the past 17 years, this support has made Citizens a steady contributor to RBS's success.

Benefits

Your Not-So-Typical Benefits

* Adoption Assistance/Adoption Leave: Financial assistance up to the maximum amount allowed under IRS regulations and one week of paid leave per adoption.
* CFG Scholars: Scholarship program for your dependents.
* Child-Care Subsidy: Financial assistance with your child-care expenses.
* Educational Assistance Program with Tuition Prepayment: On top of typical Tuition Reimbursement, we offer Tuition Prepayment, where we pay tuition directly to your school before the start of the semester.
* Emergency Assistance Fund: Up to $1,500 if you experience a tragic event that causes severe financial hardship.
* Emergency Sick Child-Care Reimbursement: Financial assistance if your child is sick and needs care while you are at work.
* Employee Sabbaticals: A three-month paid sabbatical to work in the community.
* Flexible Work Arrangements: Flextime, reduced work schedules, part-time, job sharing and telecommuting are some of the options your department may offer.
* Front Row Discount Center: A comprehensive site that brings more than 300 special Citizens Bank discounts to your desktop.
* Get Fit Weeks: Special weeks that focus on health and wellness activities, contests and daily tips.
* Health Advocate: If you participate in our health plan you can take advantage of this service to find qualified doctors, identify "best-in-class" medical institutions for a serious illness or injury, handle elder care issues, and resolve eligibility, benefits and claims issues.
* Homebuyer Assistance Program: Helps you with the purchase of your principal residence by providing a five-year forgivable $5,000 or $8,000 loan that can be used for expenses associated with a mortgage.
* Identity Theft Shield: Helps to protect your identity; alerts you to suspicious bank account and credit card activity.
* Legal Services Plan: Gives you access to a network of participating attorneys for consultation and advice.
* LifeCare® Resources & Referrals: A resource and referral program that can help you manage work and personal responsibilities.
* Loyalty Has Its Rewards!: If you have five or more years of service, you are entered into a monthly drawing to win a new car. The longer you've been with Citizens, the more chances you get.
* Pet Insurance: Group discount on comprehensive medical coverage for your pets for unexpected illnesses or accidents.
* Special Medical Reimbursement Plan: Reimbursements for qualified medical expenses relating to personal medical equipment (such as wheelchairs), physical therapy, and nursing care that are not covered by other medical insurance.
* Vacation Buy/Sell: If you're full-time, you can buy or sell a vacation week during annual benefits enrollment.
* WageWorks Commuter Program: A program to help you save money on commuting expenses.

Your Typical Benefits

* Disability Insurance
* Employee Assistance Program
* Employee Banking Services
* Health Benefits (medical, dental, vision)
* Life and AD&D Insurance
* Long-Term Care Insurance
* Paid Time Off
* Reimbursement Accounts: Health Care and Dependent Care
* Retirement Plans: 401(k) and Pension

Updated September 21, 2010