On the Record · Citizens Financial
Citizens Financial acquisitions, on the record
The businesses Citizens Financial bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
HSBC East Coast branches and national online deposit business (HSBC transaction)Word for word“On February 18, 2022, CBNA closed on its HSBC transaction, which included 66 branches in the New York City metropolitan area, 9 branches in the Mid-Atlantic/Washington D.C. area, and 5 branches in Southeast Florida.” 10-K for 2023 | acquisition | February 18, 2022 | — |
Investors Bancorp, Inc. (Investors acquisition)Word for word“On April 6, 2022, Citizens completed its Investors acquisition pursuant to an agreement and plan of merger entered into on July 28, 2021.” 10-K for 2023 | acquisition | April 6, 2022 | — |
DH Capital, LLCWord for word“(1) Primarily includes cash paid of $ 355 million to acquire Investors less $ 287 million in cash acquired, and $ 143 million and $ 23 million of cash paid for the HSBC transaction and acquisition of DH Capital, LLC, respectively, for the year ended December 31, 2022.” 10-K for 2023 | acquisition | for the year ended December 31, 2022 | $ 23 million |
HSBC transaction (HSBC East Coast branches and national online deposit business)Word for word“On February 18, 2022, CBNA closed on its HSBC transaction, which included 66 branches in the New York City metropolitan area, 9 branches in the Mid-Atlantic/Washington D.C. area, and 5 branches in Southeast Florida.” 10-K for 2024 | acquisition | February 18, 2022 | — |
Investors Bancorp, Inc.Word for word“As part of the Investors acquisition in 2022, the Company also obtained other frozen, non-qualified supplemental retirement and postretirement benefit plans.” 10-K for 2025 | acquisition | 2022 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $0 | — |
| 2017-12-31 | $0 | $11 million |
| 2018-12-31 | $533 million | $59 million |
| 2019-12-31 | $129 million | $118 million |
| 2020-12-31 | $3 million | $6 million |
| 2021-12-31 | $165 million | $66 million |
| 2022-12-31 | $255 million | $1.06 billion |
| 2023-12-31 | $0 | $15 million |
| 2024-12-31 | $0 | — |
| 2025-12-31 | — | $0 |
Deal filings since 2016
Read from Citizens Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.