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Citizens Bank of Pennsylvania Debuts at Former Mellon Branches.
Byline: Tom Belden
Dec. 3--Citizens Bank of Pennsylvania took control of 345 branches of Mellon Bank over the weekend, removing the name of a well-known Pennsylvania family from branches across the region.
Citizens Financial Group Inc., a unit of Royal Bank of Scotland based in Providence, R.I., completed the transaction with Mellon at midnight Friday. The $2 billion deal included Pittsburgh-based Mellon's 650,000 consumer and small-business accounts, including $13.4 billion in deposits, $6.1 billion in loans, and branches in Pennsylvania, New Jersey and Delaware.
When it announced the deal July 17, Citizens said that it would offer jobs to all of the 4,135 Mellon employees across the state. Only a few senior managers decided not to become Citizens' employees, bank officials said.
Citizens plans to introduce itself to public-transit riders in Philadelphia and …
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- Report: Citizens eyeing Mellon branches.(Brief Article)
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Newspaper article from: The Daily Deal
Weidner, David
July 8, 2001
700+ words
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- Citizens to hire 4,135 from Mellon banks.
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Magazine article from: Providence Business News
October 15, 2001
700+ words
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- Mellon selling bank branches to Citizens Financial.
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News wire article from: The Philadelphia Inquirer (Philadelphia, PA)
July 17, 2001
700+ words
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- Citizens Bank eyes 3 Mellon.(Citizens Financial Corp. leasing Three Mellon...
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Magazine article from: Pittsburgh Business Times
TASCARELLA, PATTY
September 28, 2001
700+ words
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- Citizens' acquisition of Mellon branches OK'd by Fed. (Rhode Island News...
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Magazine article from: Providence Business News
November 19, 2001
700+ words
