Citizens Financial Group Commercial Banking Vice Chairman Robert Matthews Passes Away

PROVIDENCE, RI -- Bruce Van Saun, Chairman and CEO of Citizens Financial Group (NYSE: CFG), issued the following statement this morning:

“It is with deep sadness that I announce that Robert Matthews, Vice Chairman of Commercial Banking and a member of the Citizens Financial Group Board of Directors, died unexpectedly overnight of an apparent heart attack at his home. He was 51.

“Our entire Citizens Financial Group family of colleagues mourns this tragic loss, and our thoughts and prayers are with Catherine, Robert’s wife, and his family. We share their grief and extend to them our deepest sympathies.”

“Robert was a great guy and an outstanding leader with incredible energy and a passion to succeed. He made an indelible mark on our company – the commercial bank that we have built under his leadership is a testament to Robert’s passion for serving customers and for building an organization that can extend that passion to each of the companies we serve.”

“One of Robert’s legacies is that he surrounded himself with great people. We have selected two of Robert's key team members, Steve Woods, currently head of Corporate Banking, and Bob Rubino, currently head of Corporate Finance and Capital Markets, to be interim co-heads of Commercial Banking. I have confidence that they will continue the same great client focus and service that Robert instilled in the organization."

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. (NYSE: CFG) is one of the nation’s oldest and largest financial institutions, with $131.3 billion in assets as of September 30, 2014. Headquartered in Providence, Rhode Island, the company offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Consumer Banking helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank and Charter One branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in selective markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending anddeposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance. Citizens operates via subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania.

Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.