Market Overview

Citizens Financial Group, Inc. Completes Previously Announced Acquisition of Clarfeld Financial Advisors, LLC

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Citizens Financial Group, Inc. (NYSE:CFG) today announced
that Citizens Bank, N.A. has completed the acquisition of Clarfeld
Financial Advisors, LLC ("Clarfeld"), a leading wealth management firm
and multi-family office with specialized expertise in managing the
financial affairs of high net worth and ultra-high net worth clients,
their families and related entities. Clarfeld will continue to operate
under its current brand name as a division of Citizens Bank Wealth
Management. The combined wealth management business will oversee
approximately $14.4 billion of AUM and $34.1 billion of AUM/AUA.*

"The completion of the Clarfeld Financial Advisors acquisition is a
significant milestone in the growth of our wealth management business,"
said John Bahnken, president and chief executive officer of Citizens
Bank Wealth Management. "The addition of Clarfeld's highly skilled team
and broad range of advisory services strengthens our existing platform,
enhancing our ability to provide a full suite of family office,
investment, financial planning and tax and estate planning services for
existing and new clients."

Citizens Bank Private Wealth Management will be integrated with
Clarfeld, which Robert A. Clarfeld will continue to lead as CEO.

Terms of the transaction were not disclosed. Silver Lane Advisors LLC
acted as financial advisor and Debevoise & Plimpton LLP acted as legal
advisor to Citizens. Kramer Levin Naftalis & Frankel LLP acted as legal
advisor to Clarfeld.

About Citizens Bank Wealth Management

Citizens Bank Wealth Management provides integrated banking and
investing services to clients to help them grow and protect their
wealth, and plan for retirement and other long-term financial
objectives. Citizens Bank Wealth Management includes a brokerage arm,
Citizens Securities, Inc.*, as well as Premier Advisory and Citizens
Private Wealth Management, which serve the affluent and high net worth
client segments, respectively. Citizens Private Wealth Management
delivers comprehensive private banking, financial planning, investment
management and trust and estate planning services. Collectively,
Citizens Bank Wealth Management's approximately 900 colleagues are
focused on delivering comprehensive wealth management services across
the firm's major markets.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation's oldest and largest
financial institutions, with $158.6 billion in assets as of September
30, 2018. Headquartered in Providence, Rhode Island, Citizens offers a
broad range of retail and commercial banking products and services to
individuals, small businesses, middle-market companies, large
corporations and institutions. Citizens helps its customers reach their
potential by listening to them and by understanding their needs in order
to offer tailored advice, ideas and solutions. In Consumer Banking,
Citizens provides an integrated experience that includes mobile and
online banking, a 24/7 customer contact center and the convenience of
approximately 2,900 ATMs and approximately 1,150 branches in 11 states
in the New England, Mid-Atlantic and Midwest regions. Consumer Banking
products and services include a full range of banking, lending, savings,
wealth management and small business offerings. In Commercial Banking,
Citizens offers corporate, institutional and not-for-profit clients a
full range of wholesale banking products and services, including lending
and deposits, capital markets, treasury services, foreign exchange and
interest rate products and asset finance. More information is available
at www.citizensbank.com
or visit us on Twitter,
LinkedIn
or Facebook.

* Data as of September 30, 2018.

Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This communication contains "forward-looking statements" —
that is, statements related to future, not past, events. In this
context, forward-looking statements often address our expected future
business and financial performance and financial condition, and often
contain words such as "expect," "anticipate," "intend," "plan,"
"believe," "seek," "see," "will," "would," or "target." Forward-looking
statements by their nature address matters that are, to different
degrees, uncertain. Uncertainties that could cause our actual results to
be materially different than those expressed in our forward-looking
statements include the failure to consummate this transaction or to make
or take any filing or other action required to consummate any such
transaction on a timely matter or at all. These or other uncertainties
may cause our actual future results to be materially different from
those expressed in our forward-looking statements.

Citizens Bank Wealth Management is comprised of both banking and
brokerage affiliated companies.

*Securities, Insurance, and Investment Advisory Services offered through
Citizens Securities, Inc., also referred to as Citizens Investment
Services. Citizens Securities, Inc. is an SEC registered investment
adviser and Member- FINRA and SIPC. 770 Legacy Place, MLP240, Dedham, MA
02026. (800) 942-8300. Citizens Securities, Inc. is an affiliate of
Citizens Bank, N.A.

©2018 Citizens Financial Group, Inc. Citizens Bank is a brand name of
Citizens Bank, N.A.

CFG-IR

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