According to a survey from Citizens Bank, 50% of consumers and 76% of businesses said the COVID-19 pandemic has changed the way they interact with their financial institution, with 66% of consumers and 73% of businesses saying that these changes will be permanent.
Citizens M&A Advisory served as the exclusive financial advisor to TopBloc, a services, deployment and support provider for Workday, in its recapitalization by BV Investment Partners.
Landmark Infrastructure Partners obtained commitments from a syndicate of banks for an amended and restated $450 million five-year revolving credit facility arranged by SunTrust Robinson Humphrey and Citizens Financial.
JPMorgan Chase and Citizens Financial Group provided $390 million in new senior secured credit facilities to support Del Frisco’s Restaurant Group’s acquisition of Barteca Restaurant Group.
The FDIC and Federal Reserve will require updated expectations for the next resolution plans of CIT and Citizens Financial Group.
Citizens Financial Group acquired Western Reserve Partners, a Cleveland-based merger and acquisition advisory firm with a focus on middle market clients.
Ridgemont Equity Partners acquired Worldwide Express from affiliates of Quad-C Management. Ridgemont will merge its portfolio company, Unishippers Global Logistics, with Worldwide Express to form a new entity called Worldwide Express Global Logistics.
Citizens Financial Group named John F. Woods executive vice president and chief financial officer. He joins from MUFG Union Bank, where he served as CFO of the Americas.
Former Citizens CFO John Fawcett is coming out of retirement to serve as interim CFO. Current CFO Eric Aboaf is stepping down effective December 16, 2016.