04/03/2017

Citizens Bank Announces $22,500 in Contributions to Organizations in the New York Capital Region through the Citizens Helping Citizens Manage Money Initiative

ALBANY, NY -- As part of its ongoing commitment to give consumers the confidence and tools they need to be fiscally healthy, Citizens Bank announced today that three nonprofit organizations in the Capital Region will receive $22,500 in contributions as part of the Citizens Helping Citizens Manage Money financial literacy initiative.

 

Leveraging the financial expertise of its bankers and its partnerships with local nonprofits focused on financial education, the Citizens Helping Citizens Manage Money program this year provides $1.4 million in donations to 80 nonprofits and volunteer outreach by more than 400 trained Citizens colleagues.

 

Throughout the year, Citizens Helping Citizens Manage Money is expected to improve the financial acumen of more than 260,000 Americans seeking a better understanding of financial topics ranging from the basics of checking accounts to the intricacies of household budgeting and long-term financial planning.

 

Citizens has launched a new Financial Fundamentals hub on its website (www.content.citizensbank.com/financialfundamentals) to provide consumers with information on budgeting and saving, home ownership, protecting identity, and more. The bank is also inviting those interested in learning more about money management to join a “Make It Count” challenge on its Facebook page throughout the month of April to learn and share tips about topics such as goal-setting, saving, and managing credit.

 

“We are helping our customers bank better by improving their financial literacy. Learning how to manage money is the first step individuals can take in achieving their financial goals,” said Paul Taffe, president, Citizens Bank, New York.  “With Citizens Helping Citizens Manage Money, we are providing resources to give our fellow citizens the confidence and tools they need to budget, save, invest, and be fiscally healthy.” 

 

“We are grateful to Citizens Bank for their investment in helping potential homeowners address barriers to achieving the dream of homeownership,” said Troy Rehabilitation and Improvement Program (TRIP) Executive Director Christine Nealon. “TRIP will use these funds to support our Spend Smart financial literacy program, which serves as a foundation towards achieving our mission and supporting our community.”

 

Nonprofit organizations from across the bank’s 11-state footprint were chosen in a competitive application process based on their track record of success providing financial education programs, clear and measurable goals for the program, and the ability to incorporate sustainability in their program plans.

 

The funding recipients in the Capital Region and how the money will be used:

  • Troy Rehabilitation and Improvement Program – to provide basic financial education to improve financial capability.
  • Affordable Housing Partnership of the Capital Region – to support the Homebuyer Education program to help households become more financially secure.
  • Better Neighborhoods - to provide housing counseling and education services for low-to-moderate income residents.

Citizens Helping Citizens Manage Money is part of the bank’s broader Citizens Helping Citizens program, which addresses four key areas: hunger, economic development, financial education and volunteerism.

For additional information on Citizens Helping Citizens Manage Money, visit Citizens’ website. 

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $149.5 billion in assets as of December 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 wealth management, 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 as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.