Welcome to our dedicated page for Citizens Finl Group news (Ticker: CFG), a resource for investors and traders seeking the latest updates and insights on Citizens Finl Group stock.
Citizens Financial Group, Inc. (NYSE: CFG) generates a steady flow of news as one of the nation’s oldest and largest financial institutions. Headquartered in Providence, Rhode Island, the company regularly issues updates on its retail and commercial banking activities, capital markets initiatives and corporate governance matters. This news page aggregates those announcements so readers can follow developments affecting CFG stock and the broader Citizens franchise.
Citizens frequently releases earnings-related news, including quarterly and full-year results, conference call schedules and accompanying investor presentations. These announcements are often furnished in Form 8-K filings and referenced in press releases that detail when financial results and supplemental materials will be available to investors.
The company also publishes capital and funding updates, such as offerings of preferred stock depositary shares, changes to preferred stock designations, and redemptions of senior notes or preferred stock series. News items have described public offerings of depositary shares representing interests in preferred stock, the intended use of proceeds, and subsequent redemptions of outstanding securities.
Other Citizens news covers interest rate and product changes, including adjustments to the prime lending rate at Citizens Bank, N.A., as well as dividends declared on various series of preferred stock. Corporate and leadership developments, such as executive appointments and participation in investor conferences, are also announced through press releases and related SEC filings.
In addition, Citizens highlights strategic and recognition-related news, including survey-based insights into U.S. middle market M&A activity and awards such as being named Bank of the Year for the U.S. by The Banker. Investors and observers can use this news stream to track Citizens’ business focus, funding actions and market-facing activities over time.
Citizens Financial Group (NYSE: CFG) announces participation in the 39th Annual BancAnalysts Association of Boston Conference on November 5, 2020, at 1:00 pm ET. The conference will feature Vice Chairman and CFO John Woods, alongside Chief Credit Officer Malcolm Griggs. A live webcast will be accessible at investor.citizensbank.com under Events & Presentations. As of June 30, 2020, Citizens Financial Group holds $179.9 billion in assets, offering a wide range of banking services across New England, Mid-Atlantic, and Midwest regions.
Citizens Financial Group, Inc. (NYSE: CFG) has announced the dates for its financial results releases and live conference calls for 2021 and 2022. Key dates include the Fourth Quarter 2020 results on January 20, 2021, the First Quarter 2021 results on April 16, 2021, and subsequent quarters through January 19, 2022. Citizens, headquartered in Providence, Rhode Island, has $179.9 billion in assets as of June 30, 2020, and offers a wide range of banking products and services across multiple regions.
Citizens Bank, N.A. announced the redemption of its 2.250% Senior Notes, totaling $750 million, on October 13, 2020. The redemption will cover the full principal amount along with any accrued interest. Post-redemption, the Notes will no longer be outstanding, and interest will cease to accrue. Payments will be processed through The Depository Trust Company. Citizens Financial Group, Inc., headquartered in Providence, R.I., offers a variety of banking services with assets of $179.9 billion as of June 30, 2020, catering to individuals and businesses across multiple regions.
Citizens Financial Group (CFG) announced the successful completion of two related transactions: Exchange Offers and Cash Offers for its subordinated notes. The Exchange Offers, which expired on September 25, 2020, resulted in the acceptance of $620,555,000 in new subordinated notes due 2032. Key highlights include the acceptance of significant amounts of various series of old notes and the absence of cash proceeds from these transactions. The New Notes are unregistered under the Securities Act, and the company has entered a registration rights agreement for them.
Citizens Bank has awarded 100 grants of $15,000 each, totaling $1.5 million, to minority-owned small businesses to enhance social equity and economic advancement in underserved communities. This initiative is part of a broader $10 million investment aimed at promoting economic growth. Applicants demonstrated how they would use the funds to strengthen their businesses and communities. Additionally, the program offers mentorship through SCORE to further support grant recipients.
Citizens Financial Group, Inc. (CFG) announced the expiration results of its Exchange Offers and Cash Offers to repurchase five series of subordinated notes. The Exchange Offers involved swapping Old Notes for new subordinated Notes due 2032, with a total exchange price of approximately $617,064,000. The Cash Offers also expired simultaneously, and while cash payments were accepted for certain Old Notes, some series had limited participation. Citizens expects to settle these transactions shortly after September 30, 2020. No cash proceeds will be received from these offers.