Debevoise & Plimpton LLP is advising Citizens Financial Group, Inc. on the purchase of the assets of Franklin American Mortgage Company, a Franklin, Tennessee-based, highly regarded national mortgage servicing and origination firm with a leading position among private, non-bank mortgage companies. The transaction is expected to close in the third quarter of 2018.

Headquartered in Providence, Rhode Island, Citizens is one of the nation’s oldest and largest financial institutions, with $153.5 billion in assets as of March 31, 2018.

The Debevoise team is led by partners Gregory J. Lyons and Kevin M. Schmidt and includes partners Michael Bolotin, Courtney M. Dankworth, Luke Dembosky and Elizabeth Pagel Serebransky; counsel Charles E. Wachsstock; and associates Nicholas M. Bessette, Marie Renée Cita, Peter J. Dalmasy, Emily F. Huang, Nnenne C. Okorafor, Naeha Prakash and David R. Rock.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.