Citizens Announces $2 Million in Financial Empowerment Contributions to Nonprofits Across Footprint

Rhea-AI Summary

Citizens Financial Group has announced that 150 nonprofit organizations will receive support through its Citizens Helping Citizens Manage Money program. A total of $2 million will be distributed to assist with financial literacy initiatives, aimed at promoting economic empowerment and reducing the wealth gap. This initiative aligns with Financial Literacy Month, highlighting the importance of financial education. Citizens, headquartered in Providence, Rhode Island, manages $226.7 billion in assets.

Positive

• 150 nonprofit organizations will receive support through the Citizens Helping Citizens Manage Money program.
• The program allocates a total of $2 million for financial literacy initiatives, enhancing community support.
• The initiative aims to reduce the wealth gap and promote economic opportunity.

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• None.

150 Nonprofits Receive Support through Citizens Helping Citizens Manage Money Program

PROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens announced today that 150 nonprofit organizations across the communities it serves will receive support through the bank’s Citizens Helping Citizens Manage Money program. Select nonprofits will receive a total of $2 million to support work in this critical area. The initiative helps strengthen communities by supporting programs, through direct funding as well as volunteerism, that give people the resources they need to be financially healthy and inspire them to pursue their goals.

“Citizens is committed to ensuring that all individuals have access to economic opportunity, and we know that understanding how to manage money is often a first step to unlocking that opportunity and reducing the wealth gap,” said Michelle Hecht, Head of Corporate Affairs, Citizens. “Through our support we provide members of our communities with the confidence and tools to build brighter futures.”

The announcement comes during Financial Literacy Month, a nationally recognized campaign that raises awareness of the need for more financial literacy education.

Citizens is committed to delivering financial empowerment through partnerships and colleague engagement. For additional information on Citizens Helping Citizens Manage Money, visit Citizens’ website.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.7 billion in assets as of December 31, 2022. 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. 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 3,400 ATMs and approximately 1,100 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. 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 Twitter, LinkedIn or Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230405005159/en/

Eric Donovan

(781) 375-0039

eric.donovan@citizensbank.com

Source: Citizens Financial Group, Inc.

FAQ

What is the Citizens Helping Citizens Manage Money program?

It is an initiative by Citizens Financial Group that supports nonprofit organizations with financial literacy programs.

How much funding is being distributed to nonprofits through CFG's initiative?

A total of $2 million is being distributed to 150 nonprofit organizations.

What is the goal of the financial literacy initiative by CFG?

The goal is to promote economic empowerment and reduce the wealth gap.

When was the CFG announcement made?

The announcement was made during Financial Literacy Month.

What are the total assets managed by Citizens Financial Group?

Citizens Financial Group manages $226.7 billion in assets as of December 31, 2022.