Citizens Bank names Co-opportunity, Inc. as Champion in Action in Connecticut
New London, Ct. (July 22, 2009) - Citizens Bank announced that Co-opportunity, Inc, a Hartford-based, community development organization dedicated to creating economic prosperity by increasing the income, earnings and wealth of low-income individuals and families, has been named its Champion in Action® for the third quarter of 2009 in the area of financial literacy.
The award was announced by Rich Barry, Connecticut president of Citizens Bank, during an on-air segment of the noon newscast on WTNH earlier today. The award includes a $25,000 grant from the Citizens Bank Foundation.
“Citizens Bank is very impressed with Co-opportunity’s work in helping families become financially stable. Its programs and services provide men and women with the knowledge and training necessary to manage financial stress, which in turn helps create a healthier environment for their families,” said Barry.
Based in the simple belief that families who work hard and play by the rules should always have to opportunity to get ahead, Co-opportunity offers a wide array of financial literacy programs, focusing on workforce development, asset building, and homeownership, all designed to teach participants the skills to achieve long-term economic well-being and stability.
Founded in 1987, Co-opportunity has been recognized for its extensive record of helping people develop marketable job skills, contribute to their communities, purchase homes, and build the assets necessary to be financially stable. The organization manages 19 free tax-preparation sites in greater Hartford and assisted more than 150 families purchase homes in 2008. In addition, Co-opportunity is the lead organization of the Harford Asset-Building Collaborative.
Champions in Action is a partnership between Citizens Bank and WTNH / MyTV 9, launched in 2002, to provide financial support and public awareness to the nonprofit organizations that work every day to champion change in our communities.
Each quarter, a nonprofit organization among a range of social service topics in Connecticut is recognized as a Champion in Action. Each champion in action receives the following support in addition to the $25,000 grant from the Citizens Bank Foundation:
• Media coverage from News Channel 8/MyTV9, including public service announcements.
• Volunteer support from both Citizens Bank and News Channel 8/MyTV9.
• Public relations support and promotional support through visibility at Citizen Bank branches and citizensbank.com.
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 49 branches and 67 ATMs in Connecticut.
RBS Citizens, N.A. is a subsidiary of Citizens Financial Group, Inc., a $167 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 12-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, 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).