Citizens Bank launches “Tools for School” program in Massachusetts

Boston-area children to receive backpacks filled with school supplies

BOSTON    (July 24, 2006) - Citizens Bank has announced that it is launching a “Tools for School” program to benefit students in Boston. Twenty four branches in Boston and Chelsea will be collecting school supplies such as notebooks, pens and pencils that will be donated to school children in need living in Boston and its neighboring communities. Donations will be accepted beginning July 24 and ending on August 14.

“Many of us are fortunate enough to remember the feeling of excitement and anticipation that came every summer preparing to return to school – shopping for everything from shoes to clothes to school supplies,” said Robert E. Smyth, Chairman, President and CEO of Citizens Bank of Massachusetts. “Unfortunately, there are so many children who never know that feeling because for them, school supplies are a luxury. That’s why Citizens has designed the ‘Tools for School’ program to help them prepare for a year of learning by providing the tools they need to succeed in school.”

Citizens has purchased 1,500 backpacks and volunteers from the bank will assist in stuffing them with the donated school supplies. The backpacks will be distributed through Boys & Girls Clubs of Boston’s five clubs during the week of August 21.

The clubs are located in South Boston, Charlestown, Chelsea, Roxbury and Dorchester.

“Citizens Bank’s ‘Tools for School’ program will make a difference for so many of our members because they will start the school year with the right tools and the knowledge that adults believe in their potential,” said Linda Whitlock, Nicholas President and CEO, Boys & Girls Clubs of Boston. “These elements, along with their hard work, are vital to their success in school.”

About Citizens Bank of Massachusetts

Citizens Bank of Massachusetts is a $35 billion bank with 262 branches and 623 ATMs stretching from greater Boston to Cape Cod and the Berkshires. It is headquartered at 28 State Street in Boston. It is a subsidiary of Citizens Financial Group, Inc., a $155 billion commercial bank holding company headquartered in Providence, R.I. Citizens has more than 1,600 branches, approximately 3,700 ATMs and more than 26,000 employees in a 13-state retail branch network and has non-branch retail and commercial offices in about 40 states. Citizens is the eighth-largest commercial banking company in the United States ranked by deposits as of September 30, 2005. Citizens is owned by RBS (The Royal Bank of Scotland Group plc).

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