Citizens Private Bank
First Republic's venture bankers, rebuilt inside Citizens.
Fund FinanceFirmUnited States
Target market
Venture firms, GPs and founders, especially on the coasts
Geography
United States
Overview
Citizens Financial Group launched Citizens Private Bank in 2023 after hiring roughly 50 private bankers from First Republic, rebuilding that playbook of white-glove banking for VC firms, their GPs and their founders. It offers capital-call lines, management-company banking and personal banking for fund principals, and gathered billions in deposits within its first year.
Key facts
- Launched 2023 with ~50 bankers hired from First Republic
- Grew to billions in deposits within its first year
- Offices in venture hubs including San Francisco, Boston and New York
- Part of Citizens Financial Group (NYSE: CFG)