07/12/2016
Citizens Bank provides $35 million credit facility to Kane Is Able
SCRANTON, PA – Citizens Bank announced today that Citizens Commercial Banking has provided a new $35 million credit facility to supply chain solutions provider Kane Is Able (KANE). Citizens is the sole lender on the financing.
“Citizens Bank has proven to be a great financial and strategic partner,” said Lou Houck, Chief Financial Officer of Scranton, PA-based KANE. “The entire Citizens team brought great ideas to the table and executed the transaction seamlessly.”
“We are delighted to welcome KANE as a new client for Citizens Bank,” said Chris Carmosino, President of Business Capital at Citizens Bank. “We look forward to supporting KANE’s continued success in the warehousing and transportation services industry.”
For more information, go to Citizens Commercial Banking.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $140.1 billion in assets as of March 31, 2016. 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.
