Debevoise Advises Citizens Financial Group in Its Acquisition of HSBC East Coast Branches and National Online Deposit Business

27 May 2021

Debevoise & Plimpton LLP is advising Citizens Financial Group, Inc. in its acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank USA, N.A. For more information, please see the company’s press release.

Citizens is one of the nation’s oldest and largest financial institutions, with $187.2 billion in assets as of March 31, 2021. HSBC Bank USA, N.A. serves customers through retail banking and wealth management, commercial banking, private banking and global banking and markets segments.

The Debevoise team is led by banking partner Gregory Lyons and includes Clare Lascelles and Ezra Newman, real estate partner Nicole Mesard and associate David Saltzman, benefits partner Lawrence Cagney and tax associate Jay Evans.