The board of governors of the Federal Reserve and the Office of the Comptroller of the Currency approved Citizens Financial Group’s previously announced acquisition of Investors Bancorp.
Citizens Financial entered a definitive agreement to purchase certain assets of Bowstring Advisors, an Atlanta-based merger and acquisition advisory firm that delivers a range of financial services to commercial and industrial clients nationwide.
Citizens Financial named Chief Financial Officer John F. Woods a vice chairman of the bank. He joins Brad Conner, head of Consumer, and Don McCree, head of Commercial, as vice chairmen of Citizens.
Citizens Financial appointed Edward “Ned” J. Kelly III to its board of directors, effective February 1, 2019. Lead independent director Arthur Ryan will retire from the same board shortly thereafter in April 2019.
Citizens Financial appointed Ted Swimmer, head of corporate finance and capital markets for Citizens Commercial Banking, to the company’s executive committee.
Citizens Financial appointed Mary Ellen Baker as head of Business Services. Baker, previously head of Enterprise Services at PNC, succeeds David Bowman, who is returning to RBS after 34 years of service.
Citizens Financial has appointed Malcolm Griggs executive vice president and chief risk officer. Griggs will succeed CRO Nancy Shanik who is retiring.
Citizens Financial announced that Richard C. Hampson was appointed president of RBS Citizens and Charter One in Michigan. He joins from PNC Bank.
RBS said it has appointed current group finance director Bruce Van Saun as chairman and chief executive of Citizens Financial, replacing Ellen Alemany.