Citizens Bank, National Association
Providence, Rhode Island, Providence County
$233B in total assets, the 20th largest of 4,309 US banks and 1st of 5 headquartered in Rhode Island.
- FDIC certificate
- 57957
- Established
- 2005
- Owned by
- Citizens Financial Group Inc
- Primary regulator
- OCC
- Website
- www.citizensbank.com
At a glance
Compared with 31 US banks with over $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $233B | 39% | $255B | |
| Loans | $149B | 52% | $144B | |
| Deposits | $189B | 42% | $225B | |
| Return on assets | 0.96% | 16% | 1.22% | |
| Net interest margin | 3.26% | 61% | 3.14% | |
| Efficiency ratio | 60.3% | 74% | 54.8% | |
| Equity to assets | 11.39% | 68% | 9.69% | |
| Loans to deposits | 79% | 61% | 73% |
Growth
Total assets grew 4.7% a year over the last 5 years and 7.5% a year over 10 years, including 2 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Apr 2022 | Investors Bank Short Hills, NJ | $28.0B |
| Jan 2019 | Citizens Bank of Pennsylvania Philadelphia, PA, an affiliate under the same holding company | $33.8B |
| Sep 2007 | Citizens Bank New Hampshire Manchester, NH | $10.1B |
| Sep 2007 | Citizens Bank of Rhode Island Providence, RI | $14.5B |
| Sep 2007 | Citizens Bank of Connecticut New London, CT | $4.5B |
| Sep 2007 | Citizens Bank of Massachusetts Boston, MA | $35.7B |
| Sep 2007 | Charter One Bank, National Association Cleveland, OH | $46.4B |
| Sep 2007 | Citizens Bank Wilmington, DE | $1.6B |
| Sep 2007 | RBS National Bank Bridgeport, CT | $514M |
Where they operate
971 branches in 141 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Suffolk County, MA | $39.5B | 10.3% | 3 of 36 |
| Providence County, RI | $12.9B | 44.1% | 1 of 15 |
| Philadelphia County, PA | $10.2B | 13.7% | 4 of 37 |
| Middlesex County, MA | $8.8B | 10.6% | 2 of 42 |
| New York County, NY | $8.0B | 0.4% | 19 of 83 |
| Allegheny County, PA | $6.8B | 3.9% | 5 of 31 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 122 branches since 2016 (849 to 971, +14.4%). 124 opened, 485 acquired, 487 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 849 | |||
| 2016 | Opened MilfordClosed 12 in 5 states | 1 | 12 | −11 | 838 |
| 2017 | Opened Uniontown and Wellesley HillsClosed 33 in 7 states | 2 | 33 | −31 | 807 |
| 2018 | Opened 4 in 3 statesClosed 39 in 8 states | 4 | 39 | −35 | 772 |
| 2019 | Acquired Citizens Bank of PennsylvaniaOpened 8 in 2 states, closed 37 in 9 states | 340 | 37 | +303 | 1,075 |
| 2020 | Opened Boston and PittsburghClosed 47 in 10 states | 2 | 47 | −45 | 1,030 |
| 2021 | Opened 5 in 4 statesClosed 86 in 8 states | 5 | 86 | −81 | 949 |
| 2022 | Acquired Investors BankBought 6 branches from Berkshire Bank, opened 86 in 8 states, closed 40 in 8 states | 239 | 40 | +199 | 1,148 |
| 2023 | Opened 3 in 3 statesClosed 79 in 8 states | 3 | 79 | −76 | 1,072 |
| 2024 | Opened 5 in 4 statesClosed 64 in 10 states | 5 | 64 | −59 | 1,013 |
| 2025 | Opened 5 in 3 statesClosed 35 in 8 states | 5 | 35 | −30 | 983 |
| 2026 through Q2 | Opened 3 in 2 statesClosed 15 in 6 states | 3 | 15 | −12 | 971 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 39% | 18% | |
| Business (C&I) | 19% | 18% | |
| Commercial real estate | 9% | 7% | |
| Consumer | 8% | 20% | |
| Multifamily | 5% | 3% | |
| Construction and land | 3% | 2% | |
| Other | 16% | 32% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 66% | 72% | |
| Noninterest-bearing | 23% | 16% | |
| Time deposits | 11% | 13% |
Brokered deposits are 2.6% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.34% | 0.86% |
| Net charge-offs, annualized | 0.37% | 0.35% |
| Reserves to loans | 1.32% | 1.49% |
| Leverage ratio | 9.39% | 9.49% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Rhode Island
Largest competitors in Suffolk County, MA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/citizens-bank-providence-ri