8-KRegulation FDExhibits & Filings

CITIZENS FINANCIAL GROUP INC/RI 8-K Report, Regulation FD Disclosure (May 31, 2018)

Filed May 31, 2018For Securities:CFGCFG-PHCFG-PECFG-PI

Summary

Citizens Financial Group, Inc. (CFG) announced on May 31, 2018, its acquisition of Franklin American Mortgage Company. This strategic move signifies CFG's expansion into the national mortgage origination and servicing market, bolstering its existing offerings in this sector. The acquisition is expected to enhance CFG's geographic reach and diversify its revenue streams within the mortgage business. Investors should note that the details of this acquisition, including financial terms and expected synergies, are provided in an accompanying press release and presentation, furnished under Item 7.01. While this information is crucial for understanding the transaction's potential impact, it is important to remember that it is not deemed "filed" for certain SEC liability purposes, but rather furnished. Investors are encouraged to review the attached exhibits for a comprehensive understanding of the deal's implications on CFG's future performance and market position.

Key Highlights

  • 1Citizens Financial Group, Inc. (CFG) has acquired Franklin American Mortgage Company.
  • 2The acquisition expands CFG's presence in national mortgage servicing and origination.
  • 3Franklin American Mortgage Company is based in Franklin, Tennessee.
  • 4The transaction is intended to enhance CFG's geographic reach.
  • 5The deal is expected to diversify CFG's revenue streams within the mortgage sector.
  • 6Additional details are available in a press release and presentation filed with the SEC.
  • 7The filing is an 8-K Current Report dated May 31, 2018.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Citizens Financial Group, Inc.'s acquisition of Franklin American Mortgage Company and to furnish investors with a press release and presentation containing additional details about the transaction.

The acquisition allows Citizens Financial Group to expand its national footprint in the mortgage industry, specifically in mortgage servicing and origination. It is expected to diversify their revenue and enhance their market position.

More details about the acquisition can be found in the press release (Exhibit 99.1) and the presentation (Exhibit 99.2) that are attached to this 8-K filing and were furnished on May 31, 2018.

No, the information furnished under Item 7.01, including the press release and presentation, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. It is provided for informational purposes.