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Citizens Not-For-Profit Arm Backs Boston Charter School

Nov 23, 2015 | Reprints | Unlock Link

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Citizens Commercial Banking has announced $17.5 million in charter school financing to Boston Prep.

The public charter school will use the funds for the construction and permanent financing of a new building at 885 River St. in Hyde Park.

Founded 12 years ago, Boston Prep currently has 415 students enrolled and 140 alumni enrolled in colleges and universities across America.

“Boston Prep is a great client that provides important educational opportunities and a path to college,” Bruce Figueroa, head of Citizens’ not-for-profit division, said in a statement. “The Citizens team is glad to be able to help the Boston Prep administration and board meet their strategic and financing goals.”

Banking & Lending