04/08/2015
Citizens Bank Increases Credit Facility for Finn Partners’ Acquisitions
New York-based global public relations agency draws on line of credit
in purchase, merger of two Nashville communications firms
NEW YORK – Citizens Bank announced today that it has increased New York-based global agency Finn Partners’ line of credit to support the acquisition of two Nashville public relations firms.
The Nashville-based communications firms of DVL Public Relations & Advertising and Seigenthaler Public Relations, Inc. have been acquired by Finn Partners and have been combined to create DVL Seigenthaler, A Finn Partners Company. The new combined agency has approximately $10 million in annual fees, and is the biggest public relations agency in Tennessee, and one of the largest public relations firms in the southeastern United States, according to the company.
“Citizens Commercial Banking was able to structure financing that helped us meet our goals,” said Peter Finn, Founding Managing Partner, Finn Partners. “Citizens bankers are excellent financial partners who bring innovative ideas to the table, excel at execution and provide great services.”
“Finn Partners is an excellent client with a very solid business operation,” said Steve Woods, Head of Corporate Banking for Citizens Commercial Banking. “We value all of our clients and the Citizens team is happy to be able to help Finn Partners expand into new markets to achieve their strategic and financial goals.”
For more information, go to the Citizens Commercial Banking website.
About Citizens Financial Group, Inc.
Citizens Financial Group Inc. (NYSE: CFG) is one of the nation’s oldest and largest financial institutions, with $132.9 billion in assets as of December 31, 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. Citizens Commercial Banking offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, 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.
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