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Local Voices

Boston Area Organizations Receive Contributions from Citizens Bank to Promote Financial Literacy

Citizens Bank announced today that it will award $405,000 to 20 organizations in Massachusetts as part of the Citizens Helping Citizens Manage Money initiative. Overall, is the bank is donating $1.5 million to nonprofits supporting financial education across its 11-state footprint.

 

The selected organizations were chosen in a competitive application process announced in April based on their track record of success providing financial education programs, a need for financial support and a demonstration to incorporate sustainability in their future plans. They are:

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            - United Way

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            - Urban League of Eastern Massachusetts, Inc.

            - Boston Chinatown Neighborhood Center, Inc.

            - Greater Boston Interfaith Organization Sponsoring Committee, Inc.         

            - Massachusetts Affordable Housing Alliance, Inc.

            - Accion East, Inc.

            - Crittenton Women's Union

            - Neighborhood of Affordable Housing, Inc.

            - Victory Programs, Inc.

            - The Neighborhood Developers

            - Adoption & Foster Care Mentoring

            - Center for Women & Enterprise

            - Compass Working Capital

            - Hyde Square Task Force, Inc.

            - The Midas Collaborative, Inc.

 

This initiative is part of Citizens Helping Citizens broader community giving program, which addresses five key areas: hunger, housing, economic development, financial education and volunteerism.

 

“Citizens Financial Group has continuously supported nonprofit organizations in our communities and financial literacy is one of the most important initiatives,” said Jerry Sargent, President of Citizens Bank, Massachusetts. “We look forward to working with our nonprofit partners as part of our Citizens Helping Citizens Manage Money initiative to reach consumers in our own backyard and teach them about the financial tools available to them.”

 

In April, in recognition of National Financial Literacy Month, Citizens announced enhancements to its Citizens Helping Citizens Manage Money program that included this competitive application process for nonprofits to apply for funding, a social media initiative to celebrate “Money Mentors,” and an online financial literacy resource center dedicated to encouraging healthy financial habits. Last year the program delivered financial literacy programs to more than 100,000 people and provided charitable grants to more than 120 nonprofits.   

 

For more information on Citizens Helping Citizens Manage Money, please visit www.citizensbank.com/community.

 

About Citizens Helping Citizens

Grounded in the belief that a good bank gives back to its community and to the people who live there, Citizens Helping Citizens is a program embracing the community goals of RBS Citizens Financial Group, Inc. – the commercial bank holding company serving consumer and small business customers as Citizens Bank and Charter One and commercial banking customers as RBS Citizens. The Citizens Helping Citizens program comprises five key initiatives supported directly by RBSCFG and also by its nonprofit charitable foundations, the Citizens Charitable Foundation, the Citizens Bank Foundation and the Charter One Foundation: Citizens Helping Citizens Fight Hunger, Citizens Helping Citizens Provide Shelter, Citizens Helping Citizens Strengthen Communities (economic development), Citizens Helping Citizens Teach Money Management (financial education) and Citizens Helping Citizens Give (volunteerism and colleague charitable donations). Across all of these initiatives, Citizens Helping Citizens strives to enhance quality of life and economic vitality in local communities.

 

About Citizens Financial Group, Inc.

 

Citizens Financial Group is the 13th largest retail bank holding company in the United States according to SNL Financial with $126.9 billion of total assets as of March 31, 2014. Headquartered in Providence, Rhode Island, CFG delivers a broad range of retail and commercial banking products and services through branches and ATMs in an 11-state footprint across the New England, Mid-Atlantic and Midwest regions; and through online, telephone and mobile banking platforms. Its two bank subsidiaries are Citizens Bank, N.A., and Citizens Bank of Pennsylvania. They operate a 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 Michigan and Ohio. CFG’s website is citizensbank.com.   

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