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.
August 8, 2011 |
Advance Bank, of Baltimore, is closing the former Berean Bank branch in West Philadelphia in October, leaving a hole in the community. Berean, started in 1888, was among the oldest continuously operated African American financial institutions in the country when financial difficulties led it to merge in 2003 with Advance, a bank with a similar profile that was founded in 1957. Advance's chairman, John Hamilton, said it was hard to operate as a small bank in two markets during these difficult economic times.
August 29, 2010 |
A summer of love it has not been in the case of J. Brian O'Neill v. Citizens Bank of Pennsylvania . The litigation, initiated in January with harsh accusations and wildly high claims for damages, has grown even more acerbic since a judge urged both sides to settle in June. Last month, lawyers representing the bank accused developer O'Neill of harassment for trying to depose five directors or high-ranking executives of Citizens and its parent, Citizens Financial Group Inc., who, they said, had no direct knowledge of O'Neill's dealings with the bank.
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.
November 3, 2013 |
The Royal Bank of Scotland (RBS), which was bailed out and is still owned mostly by British taxpayers, said Friday it would "accelerate" the sale of its U.S. banking subsidiary, which includes Citizens Bank of Pennsylvania. Citizens has 159 branches in Philadelphia and its four suburban Pennsylvania counties, more than any other bank in the region. RBS said in a statement that it was planning a "partial initial public offering" of Citizens Financial Group for 2014 and "intends to fully divest the business by the end of 2016.
September 2, 2010 |
The acrimony in the $297 million legal battle between local developer J. Brian O'Neill and Citizens Bank, and how it has played out in public, was on the mind of Common Pleas Court Judge Albert W. Sheppard Jr. at a pretrial hearing in his Philadelphia courtroom Wednesday. The judge apologized to attorneys for comments he had made to The Inquirer about how much the megalawsuit was costing to litigate. "I have a very high opinion of these lawyers involved here," he said Wednesday.
September 4, 2002 |
In an effort to reduce traffic congestion and revitalize urban and older suburban communities, Citizens Bank announced yesterday that it will offer larger mortgage loans to home buyers who purchase property close to bus stops or train stations and agree to limit the number of cars they own. Under the "Smart Commute" program, which begins this week in Philadelphia and the four surrounding counties in Pennsylvania, the bank will increase loan amounts...
November 21, 2007 |
Philadelphia banking veteran Daniel K. Fitzpatrick is moving from Bank of America to Citizens Bank, where he will lead operations in eastern Pennsylvania, New Jersey and Delaware. Fitzpatrick, 44, had been Bank of America Corp.'s top commercial-banking executive in Pennsylvania, southern New Jersey and Delaware, as well as president of Bank of America in Pennsylvania. Stephen D. Steinour, who used to head Citizens Bank's operations here, said yesterday that his own promotion this year to chief executive officer of Citizens Financial Group Inc., of Providence, R.I., made it hard for him to spend much time working in the Philadelphia market, although he still lives here.