Bank / Credit Union

Citizens Financial Group inks acquisition of Investors Bancorp

April 25, 2022

Citizens Financial Group Inc. recently completed its acquisition of Investors Bancorp Inc. With this acquisition, Citizens will add more than 200 branches in the New York City and Philadelphia metropolitan areas as well as across New Jersey, according to a press release.

Kevin Cummings, chairman and CEO of Investors and Michele Siekerka, board member, will join Citizen's board of directors as part of the acquisition. In addition to Investors, Citizens also recently acquired HSBC, according to the release.

"With the acquisitions of Investors and HSBC's East coast branches now complete, we look forward to bringing our new customers the full range of Citizens capabilities and building a formidable business in the important New York City metro region and New Jersey markets," Bruce Van Saun, chairman and CEO, Citizens, said in the release. "We are pleased to welcome more than 1,600 Investors colleagues to the Citizens family. Together we will drive future growth and deliver long-term value for all our stakeholders."