Bank / Credit Union

Citizens Financial Group acquires Paladin Advisors

August 5, 2022

Citizens Financial Group Inc. has entered an agreement to acquire Paladin Advisors, an investment advisor based in Kensington, New Hampshire. With this acquisition, Citizens aims to increase its presence in the area, according to a press release.

"This acquisition will strengthen our wealth management business, as we gain additional reach and Paladin's fresh asset allocation investment strategy, which complements our established approach," Chris Weyrauch, head of wealth management at Citizens, said in the release. "We're excited to welcome such a talented team and have them join our well-regarded, fast growing wealth management platform."

The bank expects the transaction to close in the third quarter of 2022.