Commercial banking is the part of the banking industry that offers everyday financial services—checking and savings accounts, business loans, payment processing and cash management—to companies and individuals. Investors care because a commercial bank’s earnings come from interest and fees tied to lending and customer deposits, so changes in interest rates, loan defaults or deposit levels directly affect a bank’s profits and stock value; think of it as a local store that holds customers’ cash and lends it out to earn a margin.
private capitalfinancial
Private capital is money provided by non-public sources—such as wealthy individuals, private funds, and institutional investors—used to buy stakes in companies, real estate or projects outside public stock markets. It matters to investors because it can offer larger returns and more direct influence over businesses, like a small group jointly running a venture, but usually involves less liquidity, longer time horizons and higher risk than public investments.
commercial real estatefinancial
Commercial real estate is property used to run businesses or earn rental income—examples include office buildings, shopping centers, warehouses and apartment complexes leased to tenants. Investors care because these properties generate regular cash flow through rent and can change value with the economy, interest rates and local demand, so owning them is like owning a small business that depends on customers, location and ongoing costs.
capital markets and advisoryfinancial
A combined service line where financial firms help companies raise money in public and private markets and give strategic advice on financing, deal structure, valuations, listings, and regulatory steps. Think of it as part guide and part marketplace: the advisor designs a sale or offering and connects the company to investors, which matters to investors because it affects how easily a company can get funding, the price of its securities, and how deals are structured.
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Coughlin to assume responsibility for Commercial Banking
PROVIDENCE, R.I.--(BUSINESS WIRE)--
Citizens Financial Group (NYSE: CFG) today announced that Brendan Coughlin, President of Citizens, has assumed oversight of Commercial Banking, adding to a portfolio that already includes the bank’s Consumer Banking, Private Bank, and Wealth businesses as well as several enterprise functions.Ted Swimmer, Head of Commercial Banking and a member of Citizens’ Executive Committee since 2018, will report to Coughlin and continue to lead that business.
“Brendan has consistently shown he can take on broader responsibilities and deliver impressive results, and adding Commercial Banking to his remit is a natural next step in broadening and deepening his experience across all aspects of the bank,” said Bruce Van Saun, Chairman and Chief Executive Officer of Citizens. “The Commercial Bank is having a strong year and is very well positioned for the future, and I look forward to continued growth under Ted’s leadership.”
A 20-plus-year Citizens veteran, Coughlin was named President of Citizens in April 2025, reflecting his steadily expanding role. In addition to the bank’s lines of business, he oversees Marketing and Enterprise Data & Analytics. He also leads Citizens’ “Reimagine the Bank” initiative, a broad multi-year effort to simplify how the company works, modernize core processes and technology, and improve the customer, client and colleague experience.
Swimmer was named Head of Commercial Banking in October 2025 and has continued to advance the business’ client-focused strategy across corporate banking, private capital, commercial real estate, treasury and wholesale payments, and capital markets and advisory.He has built the capital markets and advisory team into a consistent top 5 U.S. middle market deal bookrunner, while expanding the bank’s capabilities to add sector expertise and offer a comprehensive set of solutions, including debt, equity, global markets and M&A advisory.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $227.9 billion in assets as of March 31, 2026. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail, private banking, wealth management 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 3,000 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. Consumer Banking includes Citizens Private Bank and Private Wealth, which integrate banking services and wealth management solutions to serve high- and ultra-high-net-worth individuals and families, as well as investors, entrepreneurs and businesses. 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, LinkedIn or Facebook.
