Citizens Banks says it sets checking account record
Citizens Financial Group Inc., the Providence company that operates Citizens Bank in Massachusetts and other states, said it set a company record for new checking accounts opened during a one-week period.
Last week, Citizens said it began offering new customers up to $220 for opening a checking account through a promotional offer that ends Nov. 13, and from Oct. 3 through Oct. 9, Citizens said it opened "tens-of-thousands of new checking accounts throughout its 12-state retail footprint, surpassing its previous one-week record in 2007 by nearly 200 percent."
Citizens vice chairman Martin Bischoff said in a statement, “We are committed to simplifying our customers’ busy lives by making banking easier.”
Citizens Financial Group is owned by the Royal Bank of Scotland Group plc.
Perhaps Citizens could use an influx of new customers. Just over two months ago, the subsidiary that includes most of Citizens’ banking operations, reported a $165 million loss in the second quarter, compared with a $199 million profit in the same period last year, according to a financial report the company filed with the Federal Deposit Insurance Corp., a Globe story noted. (Globe Staff)