Citizens Financial Group’s move to seize market share among the Northeast’s rich is gathering pace, executives said during the bank’s first-quarter earnings call Wednesday.

Citizens Private Bank now boasts $2.4 billion in deposits as of March 31 and around $500 million in assets under management, the bank’s earnings presentation noted. That’s up from $1.2 billion in deposits and $400 million in assets under management in the fourth quarter of 2023 and $200 million in deposits in the third quarter of the same year.

“The ship has landed and we’re off to a great start. We expect that to continue and even accelerate,” CEO Bruce Van Saun said

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Mortgage interest rates jumped by a dozen basis points this week.

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The B&T Daily: April 18, 2024

by James Sanna time to read: 1 min