Citizens Bank of Massachusetts Names Boston Banker New President; Thomas J. Hollister Will Run $5.5 Billion Massachusetts Franchise.BOSTON--(BUSINESS WIRE)--Aug. 31, 1998--Citizens Bank announced today that it has appointed Thomas J. Hollister as the chairman, president and chief executive officer of Citizens Bank of Massachusetts The Bank of Massachusetts, founded in 1784 in Boston, Massachusetts, was the second-oldest bank in the United States. It is a predecessor to the modern Bank of America (merged 2005), through Bank of Boston (1903), BankBoston (1996) and FleetBoston Financial (1999). . Hollister, who had been at BankBoston for the past 20 years and most recently ran its consumer and small business banking, will also direct Citizens International Banking and Cash Management Services. Hollister succeeds Robert M. Mahoney who recently was named vice chairman of Citizens Financial Group where he now directs wholesale banking. "Tom's wealth of experience, leadership capabilities and strong ties to the Boston community will be of tremendous value to the Massachusetts franchise," said Lawrence K. Fish, chairman, chief executive officer and president of Citizens Financial Group. "He is highly regarded in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. banking circles and I consider us very fortunate to have him directing our fastest growing banking franchise," said Fish. Hollister said the opportunity afforded him with Citizens Bank is unique in New England today. "There was really only one position in Massachusetts that I could have imagined leaving BankBoston for, and this is the position," said Hollister. "Citizens Bank has built an extraordinary record to become one of the premier banks in New England today and I am excited that I am going to be part of taking the bank to the next level." Citizens Bank of Massachusetts is a $5.5 billion bank headquartered in Boston, with 105 branches in Greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. , the South Shore, Southeastern Massachusetts Southeastern Massachusetts is a term that refers to those portions of Massachusetts which are, by their proximity, economically and culturally linked to Providence, Rhode Island as well as Boston. and Cape Cod. Citizens Bank is a subsidiary of Citizens Financial Group, Inc. a $17.2 billion holding company headquartered in Providence, RI, with state banks in Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Massachusetts and Connecticut.
CONTACT: Citizens Bank
Arlene Fortunato, 617/725-5840
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