Citizens Bank of Pennsylvania announces 2008 Educational Improvement Tax Credit program recipients

PITTSBURGH  (December 3, 2007) - Citizens Bank of Pennsylvania announced that it will award grants to the following three organizations through the Education Improvement Tax Credit program for 2008: Advancing Academics, the Pittsburgh Project and the Pittsburgh Cultural Trust. Each organization will receive $14,814, totaling $44,442.

“These organizations have demonstrated a firm commitment to maintaining high academic standards and providing the exceptional educational opportunities to youth in need,” said Ralph Papa, Chairman of Citizens Bank of Pennsylvania. “Citizens Bank is pleased and proud to support these deserving organizations through the EITC program.”

The Pennsylvania Department of Community and Economic Development established the EITC program in 2001 to provide companies with an opportunity to invest in children’s educational futures through scholarship and educational improvement organizations that provide scholarships and fund innovative programs that would have otherwise gone unfunded. Citizens has participated in the EITC program for the past four years, during which time it has provided $400,000 to 21 organizations throughout Pennsylvania.
 
About Citizens Bank of Pennsylvania

Citizens Bank of Pennsylvania is a state-chartered bank with dual headquarters in Pittsburgh and Philadelphia. It has approximately 400 branches and more than 660 ATMs throughout Pennsylvania. It also operates 13 retail branches and 26 ATMs in southern New Jersey and a commercial loan office in Virginia. It is a subsidiary of Citizens Financial Group, Inc., a $159 billion commercial bank holding company headquartered in Providence, R.I.

Citizens Financial Group, through its subsidiaries, has more than 1,600 branches, 3,300 ATMs and 24,500 employees. 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).

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Citizens Bank is a brand name of RBS Citizens, N.A. and Citizens Bank of Pennsylvania. Citizens Bank is a division of RBS Citizens, N.A. and Citizens Bank accounts and other RBS Citizens, N.A. accounts are not separately insured by the FDIC. Citizens Bank of Pennsylvania is not part of RBS Citizens, N.A.
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