Citizens Bank of Pennsylvania is a subsidiary of Citizens Financial Group, Inc (now known as RBS Citizens, N.A.), which is a $130 billion commercial bank holding company. Citizens Bank of Pennsylvania operates mainly in the state of Pennsylvania with headquarters at Philadelphia PA. Out of approximately 396 branches, the bank has nearly 383 branches in PA alone with 13 additional locations in New Jersey. All subsidiaries and divisions of Citizens Bank are now owned by the Royal Bank of Scotland (RBS), which acquired the brand in 1998.
Citizens Bank of Pennsylvania came into existence in 2001 when RBS got hold of the retail banking division of Mellon Financial Corporation in PA, NJ and DE. It became an FDIC-insured bank the same year under the present name. The bank grew by acquiring Commonwealth Bank, headquartered in Norristown, PA, in 2003 and Roxborough-manayunk Bank, based in Philadelphia, PA, in 2004. All individual banks owned by RBS, with the exception of Citizens Bank of Pennsylvania, were merged into RBS Citizens, N.A., in 2007.
As a consumer bank, Citizens Bank of Pennsylvania offers a variety of retail banking solutions. These may include personal savings & checking accounts, money markets & CDs accounts, various lending options, mortgages, student loans, credit cards, and more. The bank also offers deposit and lending solutions to small businesses and commercial institutions. Moreover, the bank services can also be accessed for wealth management and other premier banking solutions.
|Bank Name||Citizens Bank of Pennsylvania|
|Year of Establishment||12/01/2001|
|FDIC Insured Since||12/01/2001|
|FDIC Certificate No||57282|
|Number of Branches||370 domestic + 1 foreign|
|Number of ATMs|
|Number of Employees||3,084|
|Number of States Served||2 States|
|Services Offered (Available Accounts)|
|Mobile and Online Banking|
|Assets (Dec 31, 2015)||35,170,905|
|Deposits (Dec 31, 2015)||31,349,739|
|Equity Capital (Dec 31, 2015)||3,821,166|
|Net Income (Dec 31, 2015)||77,654|
|Primary Federal Regulator||Federal Deposit Insurance Corporation (FDIC)|
|Address||1701 John F. Kennedy Boulevard, Philadelphia,PA 19103|
(Courtesy: FDIC as on Dec 31, 2015)