Citizens Financial Group, Inc.
Citizens Financial Group Announces Issuance of Preferred Stock and Underwriting Agreement
Summary
Citizens Financial Group, Inc. announced on July 22, 2025, the issuance of 16,000,000 depositary shares, each representing a 1/40th interest in a share of the Series I Preferred Stock, through an underwriting agreement with major financial institutions. This issuance is subject to restrictions on dividend declarations and payments as outlined in the Certificate of Designations filed on July 25, 2025. Additionally, the legal opinion regarding the issuance and sale of the Depositary Shares is provided by Sullivan & Cromwell LLP.
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Exhibits (3)
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About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is a regional bank holding company providing a wide array of retail and commercial banking services. Primarily operating in the northeastern United States, Citizens Financial offers traditional banking services such as savings, checking accounts, personal and business loans, as well as wealth management and insurance products. Retail banking serves a diverse customer base through a network of branches and ATMs, focusing on local communities and customer service. On the commercial side, the bank provides comprehensive financial solutions including commercial loans, leasing, and capital markets capabilities, catering to mid-sized businesses and larger institutions. Founded in 1828 and headquartered in Providence, Rhode Island, Citizens Financial Group plays a significant role in promoting economic growth through its community banking efforts, maintaining strong regional banking relationships and supporting local development projects.
Official SEC Documents
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