PROVIDENCE, August 31, 2016 – Citizens Financial Group (NYSE: CFG) today held a groundbreaking ceremony at the site of its new corporate campus in Johnston, RI. The company announced in March plans to build a new campus for 3,200 colleagues, primarily from a Cranston location with a lease set to expire in 2018.
Citizens Bank executives were joined by Gov. Gina Raimondo, Mayor Joseph Polisena, Sen. Jack Reed, Sen. Sheldon Whitehouse, Rep. Jim Langevin, Rep. David Cicilline and other state and local officials, community partners and colleagues to break ground and unveil plans for the campus. The campus will feature collaborative work space, dining and fitness facilities for colleagues, and ball fields, tennis, and basketball courts and trails that will be available for use by the local community. The name of the street leading to the campus was also announced. Nearly 1,000 Citizens Bank colleagues took part in a survey in which “Citizens Bank Way” was chosen.
“We are excited about this new campus, which will be a state-of-the-art facility designed to foster collaboration among colleagues and to deliver an efficient and productive workplace,” said Bruce Van Saun, Chairman and CEO, Citizens Financial Group. “It will help us to create an excellent experience for our customers and will also be a special place for the community. We are grateful for the continued collaboration we have received from state and local officials that have made this project possible. We look forward to commencing construction soon.”
The planned project includes infrastructure improvements along Greenville Ave. like the extension of sewer lines into the area by the Narragansett Bay Commission and the construction of a new exit for Interstate 295, the estimated cost of which will be split by the Rhode Island Department of Transportation and Citizens.
“Citizens’ remarkable corporate campus here in Johnston will contribute significant short- and long-term economic activity that will add to Rhode Island’s comeback, as well as provide key infrastructure improvements that will directly benefit state and local residents,” said Governor Gina M. Raimondo. “I am proud that Citizens Bank is growing, while supporting construction jobs and employing thousands of Rhode Islanders.”
The property is being designed to preserve more than 60 acres of trees and wetlands to pay homage to the natural environment of the area. As part of the project, Citizens has remediated the decades old landfill that was on the property, and plans to integrate wildlife paths for habitat circulation. The bank has also incorporated into the design an extensive storm water system for protection of wetlands and sensitive areas, as well as rainwater harvesting for irrigation of the landscape.
“This is an exciting time for our town and our state. Citizens Bank’s new corporate campus will be a staple in our community,” said Mayor Joseph Polisena. “The fact that Citizens Bank chose our town for its new campus further proves that Johnston is a community on the cutting edge of economic development”.
Citizens plans to open the doors at the new, approximately 420,000-square-foot corporate campus in mid-2018. It will house colleagues serving a wide range of activities, including various corporate functions and a call center. The Citizens headquarters will remain in Providence. Citizens Bank employs more than 5,000 colleagues in the state of Rhode Island.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $145.2 billion in assets as of June 30, 2016. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides wealth management, mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance. Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
SOURCE: Citizens Financial Group, Inc.