December 3, 2001 |
Citizens Bank of Pennsylvania took control of 345 branches of Mellon Bank over the weekend, removing the name of a well-known Pennsylvania family from branches across the region. Citizens Financial Group Inc., a unit of Royal Bank of Scotland based in Providence, R.I., completed the transaction with Mellon at midnight Friday. The $2 billion deal included Pittsburgh-based Mellon's 650,000 consumer and small-business accounts, including $13.4 billion in deposits, $6.1 billion in loans, and branches in Pennsylvania, New Jersey and Delaware.
November 6, 2001 |
Also in this column: Niche insurer seeks investors Internet card lender crashes Here's your receipt - and a pint of ale? Royal Bank of Scotland, not content to have purchased 350 former Mellon Bank branches in Pennsylvania through its Citizens Bank subsidiary, has bought an additional 456 retail locations in the United Kingdom. Only these aren't bank branches. They are pubs. Royal Bank is paying brewer Scottish & Newcastle nearly $400 million for the chain of local taverns, about one-fifth of what it paid for the Mellon branches.
July 18, 2001 |
Local customers of Mellon PSFS are about to get a new bank. The 124 Mellon branches in the area - as well as hundreds of other branches in Pennsylvania, Delaware, New Jersey and Virginia - will be sold to Citizens Financial Group as part of a deal announced yesterday between the two banking companies. Mellon Financial Corp., parent of Mellon PSFS, said it was selling its retail banking business in those states for $2.1 billion in cash to Citizens Financial, the U.S. arm of Royal Bank of Scotland Group.
March 28, 2002 |
Would-be bank thieves beware: If you attempt to rob a Citizens Bank in Philadelphia, there will be a price on your head. Because of a string of unsolved robberies at six branches throughout the city, Citizens Bank of Pennsylvania announced yesterday that it is offering a reward of up to $10,000 for information leading to the arrest and prosecution of at-large thieves as well as future robbery suspects. The latest robbery of a Citizens Bank occurred Monday, when a gunman entered the branch at 1417 Walnut St. in Center City, showed a teller a weapon, and presented a demand note before making off with an undisclosed amount of cash.
September 5, 2003 |
To accommodate an increasingly 24/7 clientele, Citizens Bank of Pennsylvania said yesterday that it was extending Sunday hours to all 161 of its branches in the Philadelphia area as of this weekend. The move will catapult Citizens ahead of Cherry Hill's Commerce Bank, long identified with seven-day branch banking, in number of branches open Sunday. Commerce offers Sunday banking at 102 local branches. "We want to be there when the customer wants us," said Stephen D. Steinour, chairman and chief executive officer of Citizens Bank.
May 30, 2015 |
Herb Hortman, 57, of Doylestown, an airplane pilot and president of Hortman Aviation Services Inc. in Northeast Philadelphia, died Sunday, May 17, of a heart ailment at Doylestown Hospital. Mr. Hortman succeeded his father, Norman, in running one of the oldest flight schools in the region. The school has been in continuous existence for 35 years; it has been based at Northeast Philadelphia Airport since the 1980s. Dozens of Mr. Hortman's students have gone on to professional aviation careers, mimicking their teacher, who was an international airline pilot.
August 20, 2015 |
BB&T Corp., the North Carolina-based banking giant, is buying its way into Pennsylvania, where it says it will compete with market leaders Wells Fargo, PNC Bank, and Citizens Bank. The bank on Tuesday said it had agreed to pay $1.8 billion in cash and stock, or $13 a share, for National Penn Bancshares of Allentown. National Penn has $9.6 billion in assets and 124 branches in Pennsylvania, New Jersey, and Maryland. The deal, plus BB&T's recent $2.5 billion purchase of Lancaster, Pa.-based Susquehanna Bancshares, will make BB&T the largest or second-largest bank by deposits in Chester, Lancaster, Berks, and Lehigh Counties.
December 23, 2014
Aviation management executive Chellie Cameron has been hired to the new position of chief operating officer of Philadelphia International Airport . Cameron has served as deputy director of aviation, finance, and administration at the airport since 2011. Drexel University , Philadelphia, has appointed Shintaro Kaido director of start-up services for Drexel Ventures , where he will lead the implementation of venture growth services for Drexel entrepreneurs. In this new position within the university accelerator, Shintaro will be responsible for providing venture development and advisory services.
October 14, 2011
Online banking operations at Citizens Bank of Pennsylvania were disrupted for several hours on Friday by what the bank described only as a "technical issue. " By late afternoon, Citizens said, business was fully operational, though online customers experienced residual delays because of high volume. For six days in early October, Bank of America customers also were slowed in, or prevented from, accessing their accounts online. It also cited a technical problem.
July 26, 2015 |
In 1981, a Genuardi's supermarket opened in Chesterbrook, anchoring a shopping plaza that helped define the sprawling Chester County development as a cutting-edge planned community. Three decades later, the shine was off. Three quarters of the plaza was vacant, and the supermarket was an abandoned shell. On Tuesday, the former Genuardi's building is set to fall. Its demolition marks the first swing in an $85 million plan to remake the 34-year-old plaza. When it ends, Chesterbrook Village Shopping Center is expected to sprout 123 new townhouses around a 30,000-square-foot retail strip.