Bank / Credit Union

Citizens intros Citizens Private Bank

October 25, 2023

Citizens Financial Group Inc. launched Citizens Private Bank, which will deliver services to high income individuals, families and businesses. The bank will also open six Private Bank offices this year and through 2024, with initial locations in New York City, Boston and Palm Beach, according to a press release.

"Today's launch represents a significant step forward for Citizens and our private banking and wealth management strategy, as we bring to market an extraordinary client service model for high-net-worth individuals and businesses," Brendan Coughlin, vice chair and head of consumer banking at Citizens, said in the release. "We've continued to grow our talented team of relationship managers, wealth managers and support staff in a market that has been materially disrupted, which positions Citizens to be a preeminent private bank over time."

"Working closely with colleagues across Citizens, the private banking team enhances our ability to serve as our clients' trusted advisors," Donald H. McCree, vice chair and head of commercial banking at Citizens, said in the release. "We are confident we can quickly fill a void left in the private banking market, especially for clients in private equity, venture capital and multifamily offices who are looking for a strategic partner to help enable their unique financial journey."