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Citizens Bank of Pennsylvania given Pillars of the Community Award
Award recognizes outstanding work in community and affordable housing PHILADELPHIA (June 3, 2008) - Citizens Bank of Pennsylvania announced today that it has received the Pillars of the Community Award in recognition for its outstanding work with community revitalization and affordable housing. The award was presented by the Federal Home Loan Bank of Pittsburgh (FHLB) for Citizens’ leadership and community commitment in Pennsylvania and Delaware.
“Over the years, Citizens Bank has taken a leadership role in community and economic development, and has been a true champion of affordable housing," said John J. Bendel, Director, Community Investment at FHLBank Pittsburgh, who presented the award. "Citizens Bank deserves this recognition, and we applaud the bank’s efforts to better the communities it serves.”
“Citizens Bank is dedicated to serving the neighborhoods and communities in which we work and live and we are honored to be recognized with the Pillars of the Community Award,” said Daniel K. Fitzpatrick, Citizens Bank President and CEO for Eastern Pennsylvania, New Jersey and Delaware. “The award symbolizes the importance of helping first-time home buyers realize the dream of owning a home and assisting small businesses as they seek to grow, all of which can lead to new job creation and revitalized communities. We thank FHLB for the recognition.”
The Pillars of the Community Award was given to Citizens Bank during a ceremony at the FHLBank's Regional Conference in Lafayette Hill. It was given the honor because of its deep-rooted commitment to the community. Under the Citizens Bank Neighborhood Investment Program, Citizens has committed more than $500 million in loans and grants to stimulate economic growth and development in neighborhoods across eastern Pennsylvania. In addition, Citizens Bank has been active in the Federal Home Loan Bank’s Affordable Housing and First Front Door Programs, which assist first-time home buyers. In 2007, the bank sponsored seven housing development projects totaling $890,000 in grants.
In recognition of the bank’s contributions to the community, FHLB of Pittsburgh is making a $1,000 donation to Homeownership Counseling Association of the Delaware Valley. The money will be used for foreclosure prevention programs.
About Citizens Bank of Pennsylvania
Citizens Bank of Pennsylvania is a state-chartered bank with dual headquarters in Pittsburgh and Philadelphia. It has approximately 400 branches and more than 660 ATMs throughout Pennsylvania. It also operates 13 retail branches and 26 ATMs in southern New Jersey and a commercial loan office in Virginia. It is a subsidiary of Citizens Financial Group, Inc., a $160 billion commercial bank holding company headquartered in Providence, R.I.
Citizens Financial Group, through its subsidiaries, has more than 1,600 branches, 3,300 ATMs and 24,500 employees. CFG’s two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 13-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Indiana, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. It is one of the 10 largest commercial banking companies in the United States ranked by assets and deposits. CFG is owned by RBS (The Royal Bank of Scotland Group plc).
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