The first bank in the U.
CFG became a fully independent publicly-traded company, just over a year after the successful completion of the largest commercial bank initial public offering IPO in U. Citizens now embarks on a new and exciting chapter as we aspire to become a top-performing regional bank.
In we became a wholly-owned subsidiary of the RBS Group. A Bigger Bank Serving More Communities Following our acquisition by RBS Group inwe grew rapidly, largely through a series of over 25 strategic bank acquisitions as highlighted below.
These acquisitions greatly expanded our footprint throughout New England and into the Mid-Atlantic and the Midwest, transforming us from a local retail bank into one of the largest retail U. Along the way, one thing has never changed: We are committed to serving the well-being of our customers and the communities.
Because when it comes right down to it, Citizens is not really our bank. Becoming a Stand-alone U. Regional Bank Following the global financial crisis, we undertook a number of decisive steps to reposition and strengthen our business profile, including: We have focused on achieving a more balanced business mix across our commercial and consumer businesses; Improved deposit mix to include a greater percentage of lower cost and more stable demand, checking, money market and savings accounts, and reduced our reliance on wholesale funding; Improved strategic focus: Identified and began reducing our exposure to certain non-core assets deemed to be inconsistent with our strategic goals, generally as a result of geographic location, industry, product type or risk level; Optimized our geographic footprint: Exited certain geographies where we had underperforming market share positions and redeployed the capital into businesses with more attractive growth and return characteristics.
Inwe sold 18 branches in the New York Adirondacks region, and inwe sold our Indiana branch franchise, which consisted of 65 branches. Inwe sold 57 mostly in-store branches in Long Island and Westchester County, New York, and on June 20,sold Chicago retail branches along with certain assets and deposits; Refined our branch service delivery model: We have reduced our branch footprint while building out self-service channels through online and mobile banking; Increased infrastructure investment: In the years since the global financial crisis we have brought together a seasoned management team with an average of over 24 years of banking experience at large financial institutions.
The team is focused on delivering improved returns, through a strong focus on organic growth and efficiency initiatives, along with a more disciplined allocation of capital and resources.
This performance-driven culture is designed to enhance our competitiveness by rigorously analyzing the risk-return profiles of our diversified businesses and selectively investing in those that are well positioned to gain market share, improve efficiency and generate long-term growth and sustainable profitability.York Mellon Corporation, a Delaware corporation which is a global financial services company.
It has its principal offices at Liberty Street, New York, New York (telephone () ). In , Mellon Financial Corporation merged with The Bank of New York Company to form what is known today as BNY Mellon. To date, BNY Mellon is one of the longest-lasting financial institutions in the world specializing in wealth investment and management.
Welcome to BNY Mellon. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.
A Client-First Culture. We do things a little differently at BNY Mellon Wealth Management.
Here, we have a commitment to serving clients, not selling products–a client-first approach that has led to industry-leading client satisfaction rates. Jan 28, · As the popularity of cryptocurrencies has grown, so has the banking industry’s interest in blockchain for fintech, with an increased and focused push on bank-backed blockchain projects.
The Bank of New York Mellon Corporation was formed following the merger of two financial entities: The Bank of New York and Mellon Financial Corporation.
Since the merger, BNY, whose formal name is The Bank of New York Mellon Corporation, has grown to be one of the nation’s leading financial service providers.