Citizens Commercial Banking announced that it is lead left arranger of a $150 million asset-based revolver for Steve Madden, a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children.“We...
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July 29, 2020, 08:00 AM
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Citizens Commercial Banking announced today that it is lead left arranger on a $150 million asset-based revolver for St. Ann, Missouri-based Moran Foods, LLC, which owns and operates Save A Lot, one of the country's largest discount grocery...
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June 16, 2020, 09:10 AM
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Citizens Commercial Banking has hired Don Mastro as head of Asset-Based Lending Portfolio Management.“Don is an experienced banker who delivers value-added ideas and terrific service to our clients and we are very happy to welcome him to the Citizens...
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March 24, 2020, 09:15 AM
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Business leaders surveyed by Citizens Commercial Banking are feeling less urgency to engage in mergers and acquisitions, but sellers with standout businesses can still expect a relatively strong year.Survey respondents see companies relying more on...
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January 27, 2020, 09:10 AM
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Citizens Commercial Banking announced that it is providing a $42 million asset-based credit facility to New York-based Stoli Group USA, an importer, marketer and distributor of Stolichnaya vodkas, along with other spirits and wines in the United...
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December 18, 2019, 08:55 AM
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Citizens Commercial Banking announced today that its Commercial Real Estate Finance team is providing a $55 million loan to LeCesse Development Corp. and MAS Development Group, for the construction of a mixed-use apartment complex called Vinty in...
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November 26, 2019, 08:58 AM
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Citizens Commercial Banking announced that its Commercial Real Estate Finance team is providing a $75 million loan to Haymarket Parcel 9 Investors, LLC, whose sponsors are Boston-based CV Properties, New York-based Olshan Properties and Boston-based...
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November 25, 2019, 08:55 AM
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Citizens Bank announced that it has provided a $214 million Revolving Line of Credit for Norwalk, Connecticut-based Nations Fund I, a wholly owned subsidiary of NEF Holdings, LLC. Citizens acted as Left Lead Bank and Joint Lead Arranger.Nations...
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November 14, 2019, 08:50 AM
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Citizens announced that it has provided a $290 million revolving line of credit to Boca Raton, Fla.-based International Materials, Inc.Founded in 1987, International Materials, Inc. (IMI) operates as a global broker/trader of bulk commodity materials...
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October 30, 2019, 08:55 AM
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Citizens Commercial Banking has hired two senior bankers as it increases its commitment to its financial institution and insurance industry clients. Peter Wesemeier, based in Atlanta, and Ben Los, based in Chicago, have joined Citizens as managing...
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October 01, 2019, 09:00 AM
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Two veteran bankers have joined Citizens Commercial Banking to add expertise and help build out the bank’s high yield sales and trading business.Rich Sullivan has joined Citizens as Managing Director on the High Yield Sales and Trading team. Sullivan...
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September 10, 2019, 08:00 AM
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Citizens Commercial Banking announced that Jason Shanahan has joined the bank’s Retail Finance Group as a Senior Vice President and Senior Originator. Bringing more than 20 years of financial services experience to his new role, Shanahan joins...
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August 22, 2019, 08:55 AM
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Citizens Commercial Banking led new financing for Octo, a Reston, Va.-based provider of next-generation solutions for the federal market, that was used to acquire Connexta, a Phoenix, Ariz.-based leader in open source software development and secure...
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August 06, 2019, 08:45 AM
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Citizens Commercial Banking led a new credit facility for United Kingdom-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries...
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July 09, 2019, 08:55 AM
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Citizens Commercial Banking announced that the Citizens Commercial Real Estate Finance team is leading a $435 million construction loan for WS Development, a Greater Boston-based commercial real estate and investment firm, and the Public Sector...
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June 18, 2019, 08:50 AM
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Citizens Commercial Banking led a senior secured asset-based revolving credit facility for Burris Logistics. The funds were used to acquire Trinity Logistics and for general working capital purposes. Citizens served as Sole Lead Arranger, Bookrunner...
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June 06, 2019, 08:50 AM
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A new report from Citizens Commercial Banking finds that 90 percent of businesses expect real-time payments, the super-fast, new standard in U.S. billing and payment processing that is currently being deployed, to dramatically transform the way...
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May 24, 2019, 09:00 AM
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Citizens Commercial Banking announced that it is leading a $600 million senior secured credit facility for Rochester, N.Y.-based Monro, Inc.Founded in 1957, Monro, Inc. provides a wide range of automotive undercar repair and tire services in the...
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May 03, 2019, 09:05 AM
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Citizens Commercial Banking led a senior secured asset-based revolving credit facility for Kane Is Able, Inc. The proceeds were used to partially fund the majority acquisition of Kane Is Able, Inc. by Harkness Capital Partners and for general working...
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April 30, 2019, 09:00 AM
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Citizens Commercial Banking led a senior secured asset-based financing to Merfish Holdings, LLC for the acquisition of United Pipe & Steel by Houston-based Merfish Pipe Holdings, a portfolio company of One Equity Partners. Citizens served as Lead...
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February 21, 2019, 08:00 AM
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Citizens Commercial Banking is leading a $60 million senior secured credit facility for API Heat Transfer Company, which through its operating subsidiaries, designs and manufactures a wide range of specialty heat exchangers and heat transfer...
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January 25, 2019, 07:10 AM
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Citizens Bank that Citizens Commercial Banking is providing an $80 million asset-based revolving line of credit to New York-based Vince, a global luxury apparel and accessories brand. Citizens is the sole lead arranger, sole bookrunner and...
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September 12, 2018, 07:13 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a $58 million loan to Jemal's Channing Place LLC / Douglas Development Corp. for the Brookland Press Apartments, a 295-unit, Class A, multifamily project in the Brookland...
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January 04, 2018, 07:06 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a $25 million credit facility to Newington, NH-based SEA-3, LLC, a liquefied petroleum gas wholesale storage and distribution terminal operator located on the Piscataqua River and...
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December 20, 2017, 08:00 AM
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Citizens Bank announced that Citizens Commercial Banking is providing $23 million in credit to help fund the merger of Wolfeboro, NH-based GI Plastek and Myrtle Beach, S.C.-based Precision Southeast, Inc. to create PSI Molded Plastics, Inc. (PSI).The...
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December 05, 2017, 07:15 AM
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Citizens Bank announced that Citizens Commercial Banking has provided $210 million in financing to Denver-based Palo Alto, Inc., one of the largest franchisees in the country for Taco Bell, KFC and Pizza Hut. Citizens is the Left Lead arranger of a...
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November 16, 2017, 07:09 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a revolving line of credit for Stonegate Capital LLC, a Chicago-based commercial finance company serving lower middle market companies unable to obtain traditional bank financing....
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November 08, 2017, 07:26 AM
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Citizens Bank announced that Citizens Commercial Banking has led $57.5 million in financing for Ipswich-based United Pipe and Steel Corp., an independent master distributor of steel pipe, copper tubing, plastic pipe, electrical conduit and related...
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November 06, 2017, 07:17 AM
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After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True...
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October 30, 2017, 07:40 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to Cranston, R.I.-based Luxury Brand Holdings, Inc., a specialty retailer of fine jewelry which operates under the “Ross-Simons” and “Sidney...
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August 03, 2017, 07:06 AM
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Citizens Bank announced that Citizens Commercial Banking has hired Laura Neenan Fogarty as head of its national healthcare banking group. Fogarty joins Citizens following a successful 20-year banking career providing solutions to corporate clients...
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July 25, 2017, 08:15 AM
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Citizens Bank announced that Citizens Commercial Banking closed and led the financing on two deals with The JBG Companies. These included a $49 million loan to refinance Georgetown Center on Wisconsin Avenue in Washington, D.C., and a $41 million...
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May 11, 2017, 07:15 AM
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Citizens Bank announced that Citizens Commercial Banking is leading $55 million of credit facilities for Godshall’s Quality Meats in support of the company's employee stock ownership plan (ESOP) conversion and upcoming facilities expansion. Citizens...
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April 05, 2017, 07:07 AM
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Optimism is on the rise among owners of mid-sized U.S. companies, according to a new Citizens Commercial Banking survey examining the impact of the presidential election on the appetite for mergers and acquisitions.More than half (52 percent) of...
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March 24, 2017, 07:15 AM
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Citizens Bank announced that Citizens Commercial Banking is leading a $33.75 million credit facility for WE 25 Bacon Road LLC to finance the acquisition and renovation of an industrial/warehouse complex at 25 Bacon Road by Winstanley Enterprises. ...
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March 21, 2017, 07:00 AM
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Citizens Bank announced that Citizens Commercial Banking is partnering with Opportunity Network to offer Citizens’ clients access to an innovative business-to-business networking platform designed to promote growth by connecting business owners to a...
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February 08, 2017, 07:01 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $20 million credit facility to Garber Bros., Inc., which distributes cigarettes, tobacco, health and beauty, and grocery products to convenience stores located primarily in the...
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February 01, 2017, 07:51 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $30 million credit facility to NEJ, Inc., a global leader in excess inventory solutions for retailers and specialty stores. Citizens is the sole administrative agent. Beacon...
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January 31, 2017, 08:07 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $20 million revolving credit facility to David Webb, LLC. Citizens is the sole lender and administrative agent.Established in 1948, David Webb is a premier jewelry brand whose...
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January 25, 2017, 07:51 AM
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The number of mid-sized U.S. companies already engaged in or open to buying and selling has risen sharply since last year, setting the stage for a very active 2017 merger market, according to the sixth annual Citizens Commercial Banking Middle Market...
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December 08, 2016, 07:17 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $33.75 million construction loan to Post Road Residential and its partner Carlyle Realty Partners VII, LP for the construction of the 215-unit multifamily Bloomfield Center...
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November 10, 2016, 07:31 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $20 million revolving credit facility to Riesbeck’s Food Markets. Citizens is the sole lender. Founded in 1925, Riesbeck’s Food Markets owns and operates 14 grocery stores in...
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October 25, 2016, 07:48 AM
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Citizens Bank announced that Citizens Commercial Banking’s Security Finance Group is providing a $25 million credit facility to Arlington-based American Alarm and Communications. Citizens is the sole lender.Founded in 1971, American Alarm is a...
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October 05, 2016, 07:23 AM
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Citizens Bank announced that Citizens Commercial Banking has led a new $300 million revolving credit facility for Nations Fund I, LLC, a wholly owned subsidiary of Nations Equipment Finance, LLC. Nations is a commercial finance company that provides...
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September 22, 2016, 07:44 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to supply chain solutions provider Kane Is Able. Citizens is the sole lender on the financing. “Citizens Bank has proven to be a great financial...
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July 12, 2016, 07:37 AM
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Citizens Bank announced Brent Hazzard has been named Head of Structured Finance at Citizens Commercial Banking.Hazzard joins Citizens from GE Capital where he had served as a leader in both GE’s Restructuring and Distressed Debt businesses....
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July 08, 2016, 08:06 AM
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Citizens Bank announced that Citizens Commercial Banking is leading a $450 million asset-based revolving credit facility for YRC Worldwide Inc., one of the largest transportation providers in the world offering less-than-truckload (LTL) freight...
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June 29, 2016, 07:58 AM
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Citizens Commercial Banking is leading a new senior secured credit facility for Cranston, R.I.-based Taco, Inc., an HVAC systems manufacturer. Citizens Commercial Banking is administrative and collateral agent, sole arranger and sole bookrunner in...
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April 11, 2016, 07:29 AM
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Citizens Bank announced that Citizens Commercial Banking provided a new $21 million senior secured credit facility for Woburn, Mass.-based Ethos Veterinary Health.Ethos formed as the result of the recent merger of four specialty hospital groups: IVG...
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February 17, 2016, 07:39 AM
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Citizens Bank announced that Citizens Commercial Banking is leading a new $600 million senior secured credit facility for Rochester, N.Y.-based Monro Muffler Brake, Inc.Founded in 1957, Monro Muffler Brake, Inc. provides a wide range of automotive...
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February 10, 2016, 07:58 AM
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Citizens Commercial Banking’s fifth-annual Middle Market M&A Outlook released today shows more than half of mid-sized U.S. companies are looking for transformative deals to help them jump-start revenues in the stabilized, but slow-growing U.S....
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January 12, 2016, 07:38 AM
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Citizens Commercial Banking has provided a $10 million senior secured credit facility to Active Sports Lifestyle USA LLC (d/b/a Active Ride Shop), a Rancho Cucamonga, Calif.-based skateboard product and clothing retailer with 28 locations throughout...
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November 20, 2015, 08:03 AM
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Citizens Bank announced today that Citizens Commercial Banking has provided a $31.5 million senior secured credit facility for Dover Saddlery, Inc., a leading multichannel retailer of equestrian products in the United States. Dover Saddlery recently...
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August 05, 2015, 08:06 AM
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Citizens Bank announced Citizens Commercial Banking arranged a $35 million senior secured credit facility for Total Hockey, a specialty hockey and lacrosse retailer in the United States, who has been named to Inc. Magazine’s list of “Fastest Growing...
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July 06, 2015, 08:07 AM
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Citizens Financial Group announced the appointment of Donald H. McCree as Vice Chairman and Head of Commercial Banking. He will serve on the company’s Executive Committee and report to Chairman and CEO Bruce Van Saun. McCree will join Citizens...
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March 26, 2015, 07:44 AM
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Bruce Van Saun, Chairman and CEO of Citizens Financial Group issued the following statement this morning:“It is with deep sadness that I announce that Robert Matthews, Vice Chairman of Commercial Banking and a member of the Citizens Financial Group...
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December 22, 2014, 07:51 AM
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Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, announced today that Daniel K. Fitzpatrick has been named head of the bank’s National Mid-Corporate and Industry Verticals business.Fitzpatrick, a commercial...
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December 10, 2014, 07:37 AM
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Citizens Financial Group named Marc Paulhus, Head of Asset Finance for Citizens Commercial Banking, as Citizens Bank Rhode Island President. Paulhus, a Rhode Island native with degrees from Providence College and the University of Rhode Island, has...
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November 19, 2014, 07:11 AM
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Citizens Commercial Banking’s Convenience and Retail Fuel Finance Group has closed a $40 million, seven-year credit facility with ASAP Energy Inc., a leading convenience store operator located in Weatherford, Okla. ASAP Energy operates 18 locations...
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November 13, 2014, 07:56 AM
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Citizens Commercial Banking is providing $300 million in financing for Bahrain-based alternative investment fund Investcorp’s acquisition of Boca Raton, FL-based PRO Unlimited from ABRY Partners."We look forward to partnering with Andrew Schultz and...
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November 04, 2014, 07:31 AM
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Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, announced it has provided $86 million in new financing to Pleasanton, CA-based Golden Gate Bell, LLC for the acquisition of the 72-unit Taco Bell franchisee...
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October 21, 2014, 07:38 AM
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Citizens Commercial Banking, the commercial banking division of Citizens Financial Group, today announced that it has expanded its healthcare finance team with the addition of Ross Eldridge and Tom Case.Based in Atlanta, the two new hires will focus...
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October 10, 2014, 08:01 AM
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Citizens Commercial Banking’s Convenience and Retail Fuel Finance Group recently closed on a large five-year credit facility with Buchanan Energy LLC, a leading convenience store operator in the Chicago area. Buchanan Energy supplies 83 Exxon/Mobil...
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September 30, 2014, 07:32 AM
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