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07/14/2022

Residents Monetary Group to broaden wealth administration enterprise with acquisition of Rajput Advisors

Windfall, RI–(BUSINESS WIRE)– Residents Monetary Group, Inc. (NYSE: CFG) right this moment introduced a definitive settlement to buy choose property and liabilities of Paladin Advisors, an unbiased, registered funding advisor headquartered right here. Kensington, New Hampshire, This acquisition strengthens its citizen presence in a key geography, bringing further funding capabilities to Klarfeld. Citizen Personal Wealth Staff.

“This acquisition will strengthen our wealth administration enterprise, as we achieve further entry and Paladin’s recent asset allocation funding technique, which enhances our established strategy,” stated Chris Verauch, Head of Citizen Wealth Administration. “We’re excited to welcome such a gifted workforce and be part of them to our famend, quickly rising wealth administration platform.”

“Guided by a philosophy of accountability, transparency and mentorship, Paladin prioritizes cautious funding administration and complete monetary recommendation for discerning purchasers who’re on the lookout for customized wealth administration providers,” stated Karen Parker Feld, CEO of Paladin Advisors. “We’ll broaden on that mission with Residents, bringing further providers to purchasers, a difficult-to-replicate worth proposition for any unbiased advisor.”

Topic to customary closing phrases and circumstances, the transaction is predicted to shut in Q3 2022. Upon closure, Paladin Advisors will develop into a part of Klarfeld. Citizen personal cash.

Residents Monetary Group, Inc. about

Residents Monetary Group, Inc. One of many oldest and largest monetary establishments within the nation, with $192.1 billion In property by March 31, 2022. the headquarters Windfall, Rhode IslandResidents present a variety of retail and industrial banking services and products to people, small companies, medium-market firms, giant firms and establishments. Residents helps our purchasers attain their potential by listening and understanding their wants in order that they will supply tailor-made recommendation, concepts and options. In client banking, Residents presents a unified expertise that features cellular and on-line banking, a full-service buyer contact middle and the power of roughly 3,300 ATMs and roughly 1,200 branches throughout 14 states. District of Columbia, Shopper banking services and products embrace the total vary of banking, lending, financial savings, wealth administration and small enterprise choices. In industrial banking, Residents supplies a broad complement of monetary merchandise and options, together with lending and leasing, deposit and treasury administration providers, international alternate, rate of interest and commodity threat administration options, in addition to debt syndication, company finance, mergers and Consists of acquisitions. and debt and fairness capital market capabilities. Extra info is on the market at www.citizensbank.com or contact us TwitterLinkedIn or Fb.

forward-looking statements

“Protected Harbor” Assertion beneath the Personal Securities Litigation Reform Act of 1995: This communication consists of “forward-looking statements”—that’s, statements referring to the longer term, not the previous, occasions. On this context, forward-looking statements usually deal with our anticipated future enterprise and monetary efficiency and monetary place, and sometimes check with phrases reminiscent of “anticipate,” “estimate,” “intend,” “plan,” “consider,” “discover.” There are. “See,” “can be,” “can be,” or “goal.” Ahead-looking statements by their nature deal with issues which are unsure to various levels. Uncertainties that have an effect on our precise outcomes expressed in our forward-looking statements failure to finish this transaction or to take or take any submitting or different motion crucial to finish any such transaction on time or in any respect. These or different uncertainties may trigger our precise future outcomes to vary materially from these expressed in our forward-looking statements.

Media:

Steve Brownell – steve.brownell@citizensbank.com

Traders:

Kristin Silberberg – 203.900.6854

Supply: Residents Monetary Group, Inc.





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