Citizens Financial Group extends Employee Discount Program to the public
Promotion provides discount rate on home equity financing; discount on mortgage closing costsProvidence, R.I. (September 10, 2008) - Citizens Financial Group today announced it will offer its employee-discount program to the public for home equity and mortgage loans in response to demand from customers who want to purchase a new home, refinance their current home loan, consolidate debt or make home improvements.
By extending its employee-discount program to the public, Citizens’ customers are eligible to receive a half-percent discount on new home equity installment loans and lines of credit and $250 off closing costs on a mortgage, now through October 10, 2008.
“As a result of our strong underwriting criteria and prudent approach to serving the market, Citizens is well-positioned to meet customer demand in this challenging environment for homeowners,” said Joseph J. MarcAurele, President, Citizens Bank, Rhode Island. “Our employee-discount program has been very well received by our colleagues and we are pleased to make the discount available to our customers. This commitment from Citizens is good for our business, good for homeowners and good for the economy.”
Citizens enables qualified customers to obtain home equity financing in as little as five days, significantly faster than the industry-average of 15 days. The mortgage application process typically takes less than 30 days.
Customers can apply for these special offers at any Citizens Bank or Charter One branch. They can also call Citizens Bank at 1-800-867-7283, or Charter One at 1-877-7283.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is a $161 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has more than 1,600 branches, more than 3,500 ATMs and more than 24,000 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 13-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Indiana, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. It is one of the 10 largest commercial banking companies in the United States ranked by assets and deposits. CFG is owned by RBS (The Royal Bank of Scotland Group plc).
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