Tag: Citizens Bank

May 23, 2023

Citizens Bank will pay $9 million to settle Consumer Financial Protection Bureau allegations that the Providence, Rhode Island-based lender improperly managed customers’ credit card disputes and fraud claims, the agency said Tuesday. The penalty stems from a January 2020 lawsuit […]

September 21, 2022

The new financial brand, set to launch in early 2023, will offer bespoke financial products and services designed to meet the unique needs of newly enlisted members of the armed forces. Nymbus Labs will be responsible for the brand creation, […]

May 27, 2021

Pending regulatory approval, the deals with Citizens and Cathay are expected to close by the first quarter of 2022. The acquisition is slated to give Citizens Bank 800,000 new customer relationships and a foothold in several strategic markets, including the […]

October 30, 2018

Four Springs Capital Trust secured a three-year revolving credit facility with a $75 million borrowing capacity with an additional $75 million expansion feature. Citizens Bank, Huntington Bank, Peapack-Gladstone Bank and Two River Community Bank participated in the new credit facility […]

April 26, 2018

This new capability will enable Citizens’ corporate clients to digitize traditionally paper-based trade processes, leading to increased efficiencies and reduced costs. The new trade finance offering will allow the bank to meet increased client demand. Citizens picked Finastra’s Fusion Trade […]

February 1, 2018

Wingstop closed a new $250 million senior secured credit facility with Wells Fargo Bank as administrative agent as part of the company’s recapitalization The new five-year credit facility bears an initial interest rate of LIBOR + 275 bps and consists […]

November 28, 2017

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]

April 26, 2017

Citizens Bank appointed Jack Murphy president of Business Banking. Murphy, an industry veteran with more than 25 years of experience, previously served as head of Business Banking Sales. Murphy replaces Chris Ward, who is leaving to pursue another opportunity. In […]

June 29, 2016

Citizens Commercial Banking led a $450 million asset-based revolving credit facility for YRC Worldwide, a transportation provider offering less-than-truckload (LTL) freight services. Citizens Bank is joint lead arranger, joint bookrunner and administrative agent in the 12-bank group. Bank of America and […]

June 15, 2016

Primanti Brothers closed a new $52 million credit facility. Citizens Bank led the lender syndicate. Read More on ABF Journal

May 13, 2016

Nouria Energy recently purchased Manchester, ME-based J&S Oil with a restructured and expanded loan relationship with Citizens Bank. The fuel distributor’s purchase includes eight convenience stores with fuel, two Express Lube auto service stations, three state-of-the-art car wash locations, a […]

April 29, 2016

Citizens Commercial Banking provided Woburn, MA-based Lytron with a new $15 million revolving line of credit. Lytron will use the funds to refinance existing debt and for general corporate purposes. “Citizens is a great financial and strategic partner that brings smart […]

April 21, 2016

US-based Citizens Bank is planning a core banking modernisation. The bank is looking for a programme director, to be based in Rhode Island, for the upgrade of its core banking platform and to implement a new mobile platform and middleware […]

April 11, 2016

Citizens Commercial Banking is leading a new senior secured credit facility for Taco, an HVAC systems manufacturer. Citizens is administrative and collateral agent, sole arranger and sole bookrunner in the 10-bank group. Read More on ABF Journal

March 30, 2016

Citizens Bank provided a $15 million credit facility to Rubyhill Denver, a multi-unit Sonic franchise restaurant operator. The Colorado-based restaurant group will use the funds for acquisition financing and capital expenditures. Read More on ABF Journal