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James Gaspo named President of Citizens Bank in New York

Albany, N.Y.        (January 29, 2009) - Citizens Bank announced today James Gaspo has been named President of Citizens Bank in New York. Robert M. Curley, who has served as President and Chairman for Citizens Bank in New York since February 2005, will continue in his role as Chairman.

In his new role, Gaspo will provide the bank’s business, community and philanthropic leadership in New York. Until recently, Gaspo served as Executive Vice President and Director of Commercial Banking.

“Jim is an outstanding team member and I have the utmost confidence in his talent and ability to lead Citizens Bank as we continue to provide the best services possible to our customers and the community,” said Curley.

Gaspo, a Syracuse native with more than 20 years of banking experience and a long list of accomplishments, joined Citizens Bank in 2004 and was given the assignment to expand commercial banking services in New York. In four years, Gaspo and his team have more than tripled the size of the commercial-banking business at Citizens Bank, and enhanced services to include government banking, not-for-profit banking, cash management, global markets and foreign exchange.

“Jim has already proven his deep knowledge of the needs of businesses throughout the state through his extensive background and successful leadership in commercial banking. We are excited to have such a seasoned professional take the reins in New York and build upon Citizens Bank’s record of growth,” said Robert D. Matthews, Vice Chairman in charge of Commercial Markets at Citizens Financial Group.

“This is a great opportunity to lead a talented team of colleagues throughout New York state who everyday show our commitment to our customers and communities,” Gaspo said.

Prior to joining Citizens Bank, Gaspo spent 10 years at KeyBank as a senior commercial banking officer in Syracuse and Indianapolis. He joined KeyCorp in 1994 as a commercial banker in the Central New York district. He held positions of increasing responsibility including district president in Syracuse. Gaspo then headed the Regional Commercial Banking Division for KeyBank in Indiana, Michigan and part of Ohio before returning to New York to join Citizens Bank in 2004.

“Jim’s leadership in the community will continue Citizens Bank’s legacy of being a good community partner. He truly cares about New York state and the future of its residents,” Curley said.

Citizens Bank also announced that Robert M. Curley will remain Chairman of Citizens Bank in New York.

“Bob is a tremendously talented executive. His advice and insights will be great assets as we make this transition,” said Matthews. “His extensive experience, detailed knowledge of the New York market, respect in the marketplace and continued community involvement will enhance our overall ability to serve the needs of customers, colleagues and communities throughout the state.”

Gaspo received his bachelor’s degree in accounting and his M.B.A. from LeMoyne College. He is active in the community and serves on a number of community boards including the Albany-Colonie Regional Chamber of Commerce, LeMoyne College and the Salvation Army of the Syracuse Area, as well as the board of advisors of CXtec, a global provider of legacy and leading-edge network solutions. 

About Citizens Bank

Citizens Bank is a division of RBS Citizens, N.A., operating its seven-state branch network in Connecticut, Delaware, Massachusetts, New Hampshire, New York, Rhode Island and Vermont. It has 224 branches and 283 ATMs in New York. 

RBS Citizens, N.A. is a subsidiary of Citizens Financial Group, Inc., a $161 billion commercial bank holding company headquartered in Providence, R.I. CFG’s two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 13-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Indiana, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. It is one of the 10 largest commercial banking companies in the United States ranked by assets and deposits. CFG is owned by RBS (The Royal Bank of Scotland Group plc).