06/11/2015
Citizens Bank provides $6.1 million loan for Wildtree Herbs, Inc.
All-natural and organic gourmet product direct seller will use real estate loan for growth
PROVIDENCE – Citizens Bank announced today that it has closed a $6.1 million real estate loan for Warwick, R.I.-based Wildtree Herbs Inc., a direct seller of all-natural and organic gourmet culinary blends, infused grape seed oils, dressings and sauces.
Founded in 1996 by Leslie Montie, now the company’s CEO, Wildtree Herbs is expanding production and purchasing its own facility.
Citizens Bank recently funded the $4.1 million owner-occupied real estate loan and a $2 million Lease Line Facility.
“We are very pleased to have worked with Citizens Bank on this transaction,” said Wildtree Project Manager Gary Ranaldi. “The Citizens team brought great ideas to the table and executed the transaction seamlessly so Wildtree will be able to continue to grow.”
“Wildtree has an excellent business operation and great products,” said Marc Paulhus, President of Citizens Bank. “We are very pleased to be able to help the Wildtree management team achieve their strategic and financial goals.”
For more information, please go to the Citizens Commercial Banking website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $136.5 billion in assets as of March 31, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens 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 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 select 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 and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Citizens operates through its 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.
