04/24/2025

Citizens Announces Leadership Transition in New Hampshire and Vermont, Names Marc Lubelczyk Market President

PROVIDENCE, R.I. – Citizens today named veteran banker Marc Lubelczyk as its New Hampshire and Vermont president, succeeding Joseph Carelli, who will retire from the bank effective May 2.

A New Hampshire native, Lubelczyk began his career at Citizens in 1993 after graduating from the University of New Hampshire. Over the last 32 years, he has held roles of increasing responsibility within corporate banking, establishing a strong track record as a trusted advisor to businesses of all sizes across New England.

As New Hampshire and Vermont president, Lubelczyk will champion the bank’s commitment to helping local customers, businesses and communities reach their potential and achieve lasting success. Lubelczyk will also continue to oversee a team of portfolio managers and credit analysts, providing strategic advice to the bank’s middle market and corporate clients.

“Like Citizens, Marc has deep roots in New Hampshire and Vermont, and I am excited to have a banker of his caliber guiding our team here,” said Steve Woods, head of corporate banking at Citizens. “I’d also like to thank Joe Carelli for his outstanding leadership and steadfast commitment to our customers and clients in the region during his tenure as market president.”

A 44-year veteran of the banking industry, Carelli retires after more than 30 years at Citizens. He has served as New Hampshire and Vermont president since 2011, helping local companies finance growth and working with community leaders to support workforce development, provide financial empowerment and create positive change across the region.

Lubelczyk, who has worked with Carelli throughout his entire career, will carry forward these commitments as an active member of the community. A resident of Merrimack, NH, he is a member of the board of trustees at Waypoint, an organization that provides essential human services to people of all ages across New Hampshire.

Lubelczyk earned his MBA from Southern New Hampshire University.

Citizens is a trusted strategic and financial adviser, consistently delivering clear and objective advice. The Citizens approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution, to help our clients enhance their business and reach their potential. For more information, please visit the Citizens website.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $220.1 billion in assets as of March 31, 2025. 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 full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. 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 X (formerly Twitter), LinkedIn or Facebook.