04/30/2020
Citizens Bank Announces Grants to Small Businesses
PROVIDENCE, RI – Citizens Bank today announced that small businesses in the communities it serves will each receive a $15,000 grant as part of its Small Business Recovery grant program. These direct grants are being issued to Citizens small business customers to help them continue operating and recover from adverse conditions brought on by the pandemic.
“These grants will go directly to local small businesses, providing them with much needed cash flow and support to help them stabilize amidst the devastating impacts of the coronavirus pandemic,” said Jack Murphy, President, Business Banking, Citizens Bank.
On April 6, Citizens announced a $5 million commitment to aiding communities through these challenging times, including $4.2 million in support of small businesses in the bank’s service area. As part of this overall commitment, Citizens is awarding 134 direct grants to small businesses.
Murphy added: “Small businesses are the heartbeat of the American economy, and we are committed to providing them with a vital jolt as they battle the economic implications of the pandemic.”
The full list of grant recipients is available here.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $176.7 billion in assets as of March 31, 2020. 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. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,800 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook
