Citizens Bank has announced that Bruce Figueroa has been named Head of Not-For-Profit Banking, a division mainly serving the education, hospital and human services sectors.
A veteran banker with nearly 30 years of experience, Figueroa joined Citizens in 1994 to help build the company’s nonprofit banking team in Massachusetts. The Not-For-Profit Banking division now includes about 50 colleagues working across Citizens’ 11-state retail footprint.
“Bruce is an experienced professional who has delivered terrific service and value-added ideas to our customers,” said Jerry Sargent, Head of Middle Market Banking at Citizens. “He is a key leader on the Citizens Bank team and we are happy to have him now play an expanded role as we continue to grow our Not-For-Profit business across our footprint.”
Citizens’ Not-For-Profit Banking group is widely recognized in the market as one of the leading providers of credit enhancement for public issue bonds and direct purchase of private placement tax-exempt bonds.
Active in the local community, Figueroa currently serves as a board member for the Children’s Investment Fund and the Walnut Hill School for the Arts and as a finance committee member for the Dimock Center.
“I look forward to drawing on my experience to lead the team here as we continue to expand our Not-For-Profit business,” said Figueroa. “It’s an exciting time for the bank. The Citizens team has been very effective at bringing great ideas to clients and helping them to achieve their strategic and financial goals.”
Citizens also announced an expanded role for Irene Hannon, Not-For-Profit Banking team leader for Pennsylvania. In addition to Pennsylvania, she also is now responsible for leading the teams serving nonprofit oganizations in Ohio, Michigan and Illinois. Erik Jones will become the Team Leader for Not-For-Profit Banking in Northern New England and Patrick Donnelly will become the Team Leader for Not-For-Profit Banking in New York, Connecticut and Rhode Island. Each will report directly to Figueroa.