# Citizens Private Bank

> Citizens Private Bank is the high- and ultra-high-net-worth banking arm of Citizens Bank, N.A., launched nationally in 2023. It combines personal and business banking, custom credit, and Citizens Private Wealth services around a dedicated relationship manager, with particular depth for founders, investors, real estate operators, nonprofits, family offices, and professionals whose wealth is concentrated in private companies or funds.

- **Founded:** 2023
- **Headquarters:** Providence, United States
- **Team size:** Citizens hired roughly 200 private bankers, wealth professionals and support staff during the 2023 buildout; a current standalone headcount is not publicly disclosed.
- **Products:** Integrated Private Banking, Citizens Private Wealth, Business Banking, Custom Home and Securities-Backed Lending, Citizens for Startups
- **Notable:** Launched nationally in October 2023 with six planned offices and approximately 175 hires already in place., Reached $14.5 billion in deposits, $7.2 billion in loans and $10 billion in client wealth assets by the end of 2025., Generated $441.8 million in 2025 revenue and $121.6 million in net income, contributing about 7% of Citizens' diluted earnings per share.

## Products & services

- **Integrated Private Banking** — Dedicated relationship management coordinating deposits, cash management, personal and business lending, and access to specialists across a client's personal and commercial balance sheets.
- **Citizens Private Wealth** — Financial planning, investment management, tax-aware planning, insurance, trust and fiduciary services, estate planning, philanthropy advice and family governance.
- **Business Banking** — Treasury and cash management, deposits, foreign exchange, custom lending, credit lines and access to Citizens' commercial and investment-banking capabilities.
- **Custom Home and Securities-Backed Lending** — Mortgages, construction finance, personal credit and securities-backed lines designed for borrowers with complex income, ownership or liquidity profiles.
- **Citizens for Startups** — A nationwide platform for early-stage founders with dedicated startup bankers, curated resources and banking support across the startup journey.
- **Liquidity Lines of Credit** — Credit for eligible private-equity and venture-capital professionals secured by interests in mature funds managed by established firms.
- **Private Stock Lending** — Mortgage, construction and personal-line financing for eligible clients secured by equity in private companies, providing liquidity before an IPO or acquisition.

## Achievements

- Launched nationally in October 2023 with six planned offices and approximately 175 hires already in place.
- Reached $14.5 billion in deposits, $7.2 billion in loans and $10 billion in client wealth assets by the end of 2025.
- Generated $441.8 million in 2025 revenue and $121.6 million in net income, contributing about 7% of Citizens' diluted earnings per share.
- Reported a 25% return on equity for the Private Bank in full-year 2025.
- Opened nine private-bank offices by the first quarter of 2026, with two more planned by year-end.
- Expanded from initial East Coast and Bay Area hubs into Southern California and South Florida.

## Latest updates

- **2026-05** — Citizens hired Joe Roberts to lead Family Office Solutions and Adam Devlin to lead platform transformation across Private Bank and Wealth.
- **2026-04** — First-quarter materials reported nine Private Bank offices open and a plan to add two more by the end of 2026.
- **2026-03** — Citizens disclosed that the Private Bank ended 2025 with $14.5 billion in deposits, $7.2 billion in loans and $10 billion in wealth assets, contributing 7% of 2025 EPS.
- **2025-10** — Launched Private Stock Lending for eligible founders and private-company employees and opened a Palm Beach office with a GLAZER HALL partnership.
- **2025-08** — Introduced Liquidity Lines of Credit secured by eligible interests in mature private equity and venture capital funds.
- **2025-05** — Introduced Citizens for Startups, a dedicated banking platform for early-stage founders.

## Links

- Website: https://www.citizensbank.com/private-banking/overview.aspx
- LinkedIn: https://www.linkedin.com/company/citizens-private-bank
- Twitter/X: https://twitter.com/CFGCommercial

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Profile page: https://yespress.io/citizens-private-bank
Published by YesPress — https://yespress.io
Last updated: 2026-08-17