CHICAGO-At week's end, speculation continues from a host of fronts that Citizens Financial Group is considering selling is Chicago Charter One operations.
Multiple media reports have stated that Citizens, based in Providence, RI, is looking to sell the 105 Charter One branches in Chicago. A Bloomberg News report identified five potential buyers for the Windy City branches— U.S. Bancorp, Fifth Third Bancorp, FirstMerit Corp., Wintrust Financial Corp., and PrivateBancorp Inc.
In addition to those reports regarding its Chicago operations, the Sunday Times of London reported that Toronto-based Dominion Bank was considering a possible deal to acquire Citizens. The Pittsburgh Business Journal recently reported that Citizens CEO Bruce Van Saun says that he is aiming for a fourth-quarter 2014 IPO. See story in the Pittsburgh Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
