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Citizens Financial Closes Acquisition of Trinity Capital to Strengthen Financial Advisory Services
Thursday 05 March 2020

5 March 2020 - Rhode Island, US-based Citizens Financial Group, Inc. (NYSE: CFG) has closed the acquisition of the assets of Los Angeles-based financial services advisory firm Trinity Capital, to strengthen advisory capabilities with additional sector expertise, the company said.

Under the terms of the agreement, Citizens' wholly-owned subsidiary, Citizens Capital Markets, Inc. (CCMI), will purchase the assets of Trinity Capital and upon closing, Trinity Capital will operate as a division of CCMI.

Additional terms of the transaction were not disclosed.

This transaction, which follows several other recent moves by Citizens to add key talent and solutions, further strengthens Citizens' growing advisory capabilities.

Citizens Financial Group, Inc. is a financial institution, with USD 165.7bn in assets as of December 31, 2019.
Date Published: 05/03/2020
Target: Trinity Capital
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Status: Closed
Buyer: Citizens Financial Group, Inc
Terms of the deal were not disclosed