Funds will be used to finance acquisition of headquarters building
EXTON, PA – September 19, 2016 – Citizens Bank announced today that Citizens Commercial Banking is providing $2.48 million to Brian’s House, Inc. to help finance the acquisition of its headquarters building.
Brian’s House, Inc. is a not-for-profit organization headquartered in Exton that provides residential, vocational and day treatment services to mentally challenged individuals. It has approximately 250 full-time employees and about 30 part-time employees.
Citizens is the sole lender on this transaction and Brian’s House is a longtime client of the bank.
“We value our long-term partnership with Citizens Bank and appreciate the Non-Profit Banking team’s smart ideas and excellent execution,” said Dave Marshall, Chief Financial Officer at Brian’s House. “Citizens worked very closely with us to make this transaction possible.”
“We are very pleased to be able to help the Brian’s House team achieve its goals,” said Daniel K. Fitzpatrick, Pennsylvania President of Citizens Bank. “Brian’s House is a longtime Citizens client that does so much good in meeting the needs of members of our community.”
As part of its commitment to strengthening communities, Citizens Bank has a dedicated Non-Profit Banking team that provides specialized and value-added financing to healthcare entities and not-for-profit organizations.
Please visit the website for more information and Citizens Bank Non-Profit Banking solutions.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $145.2 billion in assets as of June 30, 2016. 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. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides wealth management, mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance. Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
SOURCE: Citizens Financial Group, Inc.