Citizens Financial Group unveiled plans to launch a private bank later this year at the Barclays Global Financial Services Conference in New York City Monday.
Citizens Private Bank will offer personal banking, mortgage and retail lending, wealth management and business and commercial banking to individuals with $10 million or greater net worth and those who have more than $5 million in liquid assets.
Citizens Private will also target HENRY clients – high-earners-not-rich-yet – whose incomes, between $250,000 and $500,000 annually, poise them for potential future wealth.
