banking

Citizens commits $2M for financial education

BLOOMBERG FILE PHOTO/KELVIN MA
AS PART OF A $2 million national initiative, RBS Citizens Financial Group division Citizens Bank is donating $50,000 to Crossroads Rhode Island to help bring financial education to homeless men and women in the Ocean State.
Posted 4/2/13

PROVIDENCE – RBS Citizens Financial Group Inc., starting with a $50,000 grant to Providence-based Crossroads Rhode Island, is marking National Financial Literacy Month with $2 million worth of grants to financial education programs sponsored by nonprofits in the communities served by Citizens Bank, Charter One and RBS Citizens.

“We know from the community partners with whom we work every day that there is a great need for wider awareness of the financial tools and techniques that individuals, families and small businesses can use to manage their financial future,” said Ellen Alemany, head of RBS Americas and CEO for RBS Citizens. The program falls under the umbrella of Citizens Helping Citizens Teach Money Management, which is awarding the $50,000 to Crossroads for the creation of a financial education program for homeless men and women in the Ocean State.

“RBS Citizens Financial Group has been a valued partner to Crossroads Rhode Island for many years, and this new grant from the Citizens Charitable Foundation will enable us to provide our clients with the critical financial skills they need to establish and maintain stability in their lives,” said Anne Nolan, president of Crossroads Rhode Island.

The local grant is part of $1 million that the bank is committing to grant in April. The second half of the donation to communities across the bank’s footprint will come throughout the rest of the year, with the intention of helping 100,000 consumers and small businesses learn how to better management their finances.

The Citizens Helping Citizens Teach Monday Management program is part of a broader community outreach effort by the division of Royal Bank of Scotland PLC, which has targeted five areas it intends to address: economic development, financial education, hunger, housing and volunteerism.

No comments on this story | Add your comment
Please log in or register to add your comment
Calendar
PBN Hosted
Events

Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thursday, April 24th, at the Bryant University Bello Center. Don't hesitate. Register today!
  • Business Women
    Accomplished. Confident. Wicked Smart. Nominate women you know who deserve speci ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News