Citizens Financial Group, Inc.
Citizens Financial Group Issues New Series J Preferred Stock with Dividend Restrictions
Summary
Citizens Financial Group, Inc. has issued 400,000 shares of 6.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, on July 30, 2026. The issuance is subject to certain restrictions on the company's ability to declare or pay dividends on other securities if dividends on the Series J Preferred Stock are not fully paid for the preceding period. The terms of the Series J Preferred Stock are detailed in a Certificate of Designations filed with the Secretary of State of Delaware on July 27, 2026, and an underwriting agreement was entered into on July 21, 2026, for the public offering of the Series J Preferred Stock.
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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.
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