Citizens Finl Group Inc - CFG STOCK NEWS

New research from Junior Achievement and Citizens reveals that 54% of high school students feel unprepared for their financial future, with rising education costs being a primary concern. Over two-thirds (69%) are worried about how these costs impact their educational plans, leading many to consider in-state options or two-year degrees. A significant 41% have not taken financial literacy classes. The survey also highlights a notable digital divide, as 66% of students pursuing four-year degrees are concerned about accessing necessary technology.

Citizens Financial Group (NYSE: CFG) and Investors Bancorp (NASDAQ: ISBC) announced that their merger is set to close on April 6, 2022, pending customary conditions. The merger received regulatory approval from both the Federal Reserve and the Office of the Comptroller of the Currency. Citizens, with $188.4 billion in assets, aims to enhance services through this strategic merger with Investors, which manages approximately $28 billion in assets. This merger is anticipated to create synergies and expand market reach.

Citizens Financial Group (CFG) and Investors Bancorp (ISBC) announced the expected closing date of their merger on April 6, 2022, pending the satisfaction of customary closing conditions. The merger has already received regulatory approval from the Federal Reserve and the Office of the Comptroller of the Currency. Citizens, with $188.4 billion in assets as of December 31, 2021, aims to expand its offerings through this strategic merger with Investors, which has assets of approximately $28 billion. Both companies foresee potential synergies from this union.

Citizens Financial Group (NYSE: CFG) will report its first quarter 2022 earnings on April 19, 2022. The news release and supporting materials will be accessible on their investor relations website. Management will hold a live conference call on the same day at 9:00 am ET, with dial-in details provided. A replay will be available after the call until May 19, 2022. As of December 31, 2021, Citizens reported $188.4 billion in assets, making it one of the largest financial institutions in the U.S.

Citizens Financial Group has introduced an Earned Wage Access solution designed to help clients attract and retain talent by providing employees on-demand access to their earned wages. This program, which has gained traction, reflects a growing trend as 70% of treasury executives reported offering similar access. The solution allows employers to fund wages at no additional cost and integrates seamlessly with existing payroll systems. Additionally, Citizens plans to launch Citizens Paid Early™ to enable customers to receive direct deposits up to two days early.

Citizens Financial Group has launched the new EverValue Checking account, designed to enhance banking access for underbanked communities. This account features overdraft protection, a low monthly fee of $5, and no overdraft fees. Both the EverValue and Student Checking accounts have received certification from the CFE Fund as meeting the Bank On National Account Standards. Citizens aims to provide safe, affordable banking products, further solidifying its role in increasing financial access.

Citizens Financial Group (CFG) and Investors Bancorp (ISBC) have received regulatory approval for Citizens' acquisition of Investors, expected to close by mid-April 2022. The merger aims to enhance Citizens' growth in the Northeast, particularly in the New York City metro and New Jersey regions. After closing, customers will be transitioned to Citizens' systems by Q1 2023. Notable management changes include key members of Investors joining Citizens' leadership team to ensure a smooth integration process. Citizens holds $188.4 billion in assets, while Investors has approximately $28 billion in assets.

Citizens Financial Group (NYSE: CFG) has received regulatory approval for its acquisition of Investors Bancorp (NASDAQ: ISBC), anticipated to close by mid-April 2022, pending customary conditions. This merger aims to enhance Citizens' presence in the Northeast, particularly in the New York City metro area. Post-acquisition, Investors' customers will transition to Citizens systems by Q1 2023. Key management from Investors will join Citizens to ensure a smooth integration and customer continuity. Citizens reported $188.4 billion in assets as of December 31, 2021.

Citizens Bank, N.A. announced the redemption of all outstanding Senior Notes totaling $750 million on April 26, 2022. This includes $500 million of 2.65% Senior Notes and $250 million of Floating Rate Senior Notes, both due on May 26, 2022. The redemption price will cover 100% of the principal plus any accrued interest. Following the redemption date, the Notes will cease to be outstanding, and interest will stop accruing. This action may impact the bank's capital structure and liquidity.