Citibank Opens Full-Service Financial Center in Schaumburg; Bank Invites Community to Celebrate the Opening on Saturday, June 22.Business Editors CHICAGO--(BUSINESS WIRE)--June 17, 2002 Citibank has relocated its full-service Financial Center in Schaumburg to the Streets of Woodfield shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , across the street from Starbucks and next door to Galyans. The Financial Center was previously located about two blocks away on Woodfield Road. The center's official grand opening ribbon-cutting event will take place on Tuesday, June 18th at 6:00 PM at the Financial Center. C. Mack, President of Citibank, FSB (FrontSide Bus) See system bus. FSB - front side bus , Bruce Gauen, Citibank Area Director and Steve Brancato, Schaumburg Financial Center Manager will preside pre·side intr.v. pre·sid·ed, pre·sid·ing, pre·sides 1. To hold the position of authority; act as chairperson or president. 2. To possess or exercise authority or control. 3. at the opening along with state and local dignitaries and community representatives. On Saturday, June 22nd, a community celebration will be held at the Financial Center. McGruff, the crime solving dog, will make an appearance and the Schaumburg Police Department will offer fingerprinting for children's safety. Refreshments will be available along with promotional give-away items. "We are delighted with our new location in the Streets of Woodfield shopping center, where our full range of financial products will include banking, investments and insurance," said C. Mack, President of Citibank FSB. "We look forward to serving the financial needs of both our consumer and business customers as we continue to participate as an active member of the community," Mr. Mack stated. Staff members can assist both consumer and business customers with services that include opening banking and investment accounts and applying for personal and mortgage loans, as well as providing counsel to help them manage their debt and to achieve their financial goals. In addition to English, several staff members will assist customers in Spanish and Hindi. Citibank also offers its customers a complimentary Citipro, a personal, comprehensive financial needs analysis that provides clients with an evaluation of their financial situation and then identifies solutions to their financial challenges. Citipro addresses specific client needs through cash management, income protection, investment management and debt management solutions. A Citipro: evaluates the customer's current financial position, estimates how much the customer needs to save and invest for retirement, calculates the cost of children's education, provides suggestions for managing and/or reducing debt, assists the customer in protecting family income, recommends an asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. solution suitable for the customer's goals and risk tolerance Risk Tolerance The degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Notes: An investor's risk tolerance varies according to age, income requirements, financial goals, etc. , and establishes an immediate savings and investment plan for the customer. Consumers may be attracted to other Citibank offers including the recently introduced Citibank AAdvantage Debit Card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , which allows users to receive American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the AAdvantage miles for all debit card signature-required purchases, as well as Internet, phone, mail order and point-of-sale debit card purchases when "credit" is selected. The Citibank Financial Center has approximately 5700 square feet. Four walk-up ATMs are available for customers' convenience 24 hours a day, 7 days a week. Citiphone customer service and Citibank Online, the award winning online banking service, also provide customers around-the-clock access for their banking needs. The Financial Center will be open 9:00 AM to 5:00 PM, Monday through Friday and from 9:00 AM to 1:00 PM on Saturdays. Citigroup (NYSE NYSE See: New York Stock Exchange : C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers. Additional information may be found at: www.citigroup.com. --30--md/ny* csm
CONTACT: Citigroup, Inc.
Mark Rodgers, 212/559-1719
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: BANKING
SOURCE: Citigroup, Inc.
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