When Euromoney awarded Citizens the accolade of the US’s Best Bank in this year’s Awards for Excellence, shortly after the bank had announced its plan to acquire online deposits and 80 US branches from HSBC, and following a string of boutique purchases over preceding years, we noted that CEO Bruce Van Saun was “not done with acquisitions yet”.
And so it proved. In late July, after a pandemic year in which the bank was able to show a strong performance, the bank announced its acquisition of Investors Bancorp, which brought into its mix another consumer, small business and middle market franchise.
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