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Citizens appoints Joseph Carelli as next President of Citizens Bank, New Hampshire and Vermont

Manchester, N.H. (April 14, 2011) Citizens Financial Group, Inc. today announced that Joseph Carelli, Executive Vice President, Commercial Banking, has been appointed President of Citizens Bank, New Hampshire and Vermont. Carelli, 52, will assume the role in June and succeed Cathy Schmidt, who has served as State President for five years. Carelli is based in Manchester.

“With more than 30 years in banking, Joe understands the needs of business and retail customers. As a long-time resident of New Hampshire, Joe cares deeply about the state and has been actively involved in giving back to the community,” said Ellen Alemany, Chairman and CEO of Citizens Financial Group. 

In addition to his responsibilities as State President in New Hampshire and Vermont, Carelli will retain his Commercial Banking management responsibilities within New England. He joined Citizens Bank in 1992 holding management positions in Credit Administration and Commercial Banking until becoming Commercial Banking Director in 2004. 

Prior to joining Citizens, Carelli spent several years working for Hartford National Bancorp and New Heritage Bank in various commercial lending and management roles. Carelli is a 1980 graduate of the University of Massachusetts.

“I am honored to have this opportunity and look forward to working with my colleagues to build on Citizens’ success and our ambitious objectives of delivering the highest quality of service to our customers, colleagues and community,” said Carelli. 

A long-time resident of New Hampshire, Carelli is actively engaged in the community and serves on the boards of the New Hampshire Bankers Association, the Nashua Center for the Multiply Handicapped and The World Schools. 

In recognizing Schmidt’s significant contribution to the organization, Alemany said “Cathy is a talented banker who has contributed to the success of the Citizens franchise in northern New England. We thank her for her service and wish her the best in her future endeavors.”

Schmidt joined CFG in 2002 and served as Executive Vice President and Retail Banking Director in Massachusetts prior to being named State President in 2006.

“I have had the opportunity to work with an extraordinary group of colleagues at Citizens Bank,” said Schmidt. “It has been a privilege to work with them and build on Citizens’ growth and success in New Hampshire and Vermont.”

About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is a $130 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has more than 1,500 branches, approximately 3,800 ATMs and approximately 21,400 employees. Its 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. CFG is owned by RBS (The Royal Bank of Scotland Group plc).