Citizens Builds on Growing Presence in Florida, Announces First Market President
Citizens Financial Group (NYSE: CFG) has appointed Jim Weiss as the new Florida market president, enhancing its growth in the state. Weiss, who brings over 30 years of banking experience, will focus on expanding Citizens' local presence, leveraging his previous roles at Busey Bank and Fifth Third Bank. Under Weiss's leadership, Citizens aims to strengthen its offerings in Commercial, Wealth, and Retail banking.
The company continues to invest in Florida with 270 colleagues, five retail branches, and two wealth centers. This follows the opening of a Private Bank office in Palm Beach earlier this year. Weiss will collaborate closely with various banking teams to provide comprehensive financial solutions to Florida's residents and businesses.
Citizens Financial Group, one of the largest financial institutions in the U.S., has $220.4 billion in assets as of March 31, 2024. The company offers a wide range of retail and commercial banking products and services, emphasizing client-focused advice and tailored financial solutions.
- Appointment of Jim Weiss, an industry veteran with over 30 years of experience, as Florida market president.
- Expansion of Citizens' presence in Florida with 270 colleagues, five retail branches, and two wealth centers.
- Opening of a Private Bank office in Palm Beach earlier this year.
- Weiss's extensive experience at Busey Bank and Fifth Third Bank, enhancing Citizens' local expertise.
- Citizens Financial Group's assets total $220.4 billion as of March 31, 2024.
- Comprehensive range of retail and commercial banking products and services offered by Citizens Financial Group.
- Increased expenses due to expansion in Florida, including the addition of new branches and wealth centers.
- Potential dilution of resources as Citizens focuses on new markets, possibly affecting performance in existing areas.
- Integration challenges with new leadership and existing teams which could impact operational efficiency.
- The financial commitment required for further expansion in a competitive market like Florida.
Citizens welcomes industry veteran Jim Weiss
Weiss, based in
With approximately 270 colleagues, five retail branches and two wealth centers across the state, Citizens continues to invest in best-in class experience and solutions to support Florida’s residents and businesses. This latest move follows the opening of Citizens’ first Private Bank office in
“Jim will help connect Florida’s business owners with the expertise and capabilities Citizens can provide at every stage of their lifecycle — whether they’re just starting up, looking to grow through mergers or acquisitions, or building wealth for generations to come,” said Steve Woods, head of corporate banking at Citizens. “We look forward to providing more of our world-class expertise and solutions to the
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
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Maureen Barry
910.477.7596
maureen.barry@citizensbank.com
Source: Citizens Financial Group, Inc.
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