Citizens Financial Group in Providence, R.I., has hired about 50 private bankers and support staff that had been at First Republic Bank.
The $222 billion-asset Citizens said in a press release that the bankers are in Boston, New York, San Francisco and Florida.
“The addition of these talented and seasoned private bankers helps Citizens significantly boost our growth plans in wealth management and business banking,” Brendan Coughlin, Citizens’ vice chairman and head of consumer banking, said in the release.
“These teams have a demonstrated track record of delivering a truly differentiated white-glove client experience that is second to none, which will create long-term customer loyalty across attractive growth areas,” Coughlin added.
First Republic failed last month.