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Citizens had three acquisitions in different decades that helped shape the momentum of the Company prior to a period of rapid growth which began in 1988, the year Citizens Financial Group, Inc. was acquired by The Royal Bank of Scotland Group.
Hester was replaced as CEO by New Zealander Ross McEwan, formerly the head of the bank’s retail arm, on 1 October 2013.
In November 2013, RBS announced it was in talks to sell a shipping loan in Eagle Bulk Shipping worth $800 million.
In November 2015, Citizens Financial Group (NYSE: CFG) became a fully independent publicly-traded company, just over a year after the successful completion of the largest commercial bank initial public offering (IPO) in United States history.
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