Citizens buys boutique bank in 4th acquisition of 2021

2021-09-09

Citizens Financial Group will acquire boutique bank JPM for $149 million, its fourth acquisition this year following its purchases of HSBC's east coast bank branches, Investors Bancorp and valuation consulting firm Willamette Management Associates. Donald McCree, vice-chair and head of commercial banking, said the JPM deal will take the bank "into a couple of areas where we don't have a significant presence currently, notably equities and equity capital markets."

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