06/03/2011
Citizens Bank announces donation of $75,000 to support tornado victims in Western Massachusetts
Grant to Springfield nonprofit HAPHousing for emergency and long-term housing assistance
BOSTON (June 3, 2011) Citizens Bank today announced the donation of $75,000 to support tornado victims in Springfield and other parts of Western Massachusetts. The Citizens Bank Foundation’s grant to the Springfield nonprofit HAPHousing will provide emergency housing assistance as well as long-term support for those most in need in the aftermath of the storm.
“The effects of these tornadoes have devastated thousands of individuals, and the hard work of the long-term relief effort is just now beginning,” said Jerry Sargent, President, Citizens Bank, Massachusetts. “Citizens is proud to support the critical work that our long-time partners at HAPHousing will be doing to help local families recover from this terrible event and rebuild their lives.”
HAPHousing will target $25,000 of the funding for emergency relief efforts, providing displaced families with financial assistance of up to $4,000 to help with relocation costs. These costs may include security deposits, rent, utility hook-ups, moving expenses and other necessities. The remaining $50,000 will support Springfield’s neighborhood revitalization program, a partnership with the city of Springfield to create affordable housing and home ownership opportunities for the city’s low- to moderate- income population.
“We are very grateful for Citizens’ support and its immediate response to assist with the housing needs of those displaced after this devastation,” said Peter Gagliardi, Executive Director, HAP. “Citizens Bank is a committed affordable housing partner in Springfield and we are proud to partner with them as we respond to the many needs of our clients.”
About Citizens Bank
Citizens Bank is a division of RBS Citizens, N.A., operating its seven-state branch network in Connecticut, Delaware, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. It has 257 branches and 803 ATMs in Massachusetts.
RBS Citizens, N.A. is a subsidiary of Citizens Financial Group, Inc., a $132 billion commercial bank holding company headquartered in Providence, R.I. CFG’s two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in more than 30 states. CFG is owned by RBS (The Royal Bank of Scotland Group plc).
About the Citizens Bank Foundation
Citizens Bank Foundation is a subsidiary of the Citizens Charitable Foundation, which is a charitable contributions vehicle of Citizens Financial Group, Inc., RBS Citizens, N.A. and Citizens Bank of Pennsylvania. The foundation’s support is focused on housing, community development and basic human needs.
