Are Citibank and Citizens Bank the same bank?
No, Citibank and Citizens Bank are separate corporate entities and should not be confused despite the similarity in their names. Citibank is owned by Citigroup Inc., a massive global New York-based financial institution. Citizens Bank is operated by Citizens Financial Group, a regional banking organization with deep historical roots in New England and expansion across various U.S. states. They possess independent corporate balance sheets, different stock exchange ticker symbols, separate customer service divisions, and completely unique operational policies, sharing no corporate or banking affiliation whatsoever.
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Citizens Bank is entirely separate from CIT Bank, operating under completely different corporate ownership, distinct executive leadership, and separate federal banking charters.