Boston, MA According to Citizens Bank, Citizens Commercial Banking has increased Marlborough-based BRIDGE Energy Group, Inc.’s revolving line of credit to $5 million.
BRIDGE is a leading consulting and systems integration company focused on improving utility operational performance.
“Citizens is a great financial and strategic partner,” said Tom Leone, CFO of BRIDGE Energy Group. “With our company’s continued growth, exceeding 36% in 2015, we need a partner like the Citizens team, who brings great ideas to the table and follows through with seamless execution.”
“BRIDGE Energy Group is doing important work to improve the reliability and security of our energy grid and Citizens bankers are very happy to be able to help the BRIDGE team achieve their critical goals,” said Jerry Sargent, Massachusetts president of Citizens Bank.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $138.2 billion in assets as of December 31, 2015. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle?market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid?Atlantic and Midwest regions. Citizens also provides mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not?for?profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.
Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial Banking and Citizens One.
BRIDGE Energy Group is the leading consulting and systems integration company focused on improving utility operational performance. BRIDGE combines business, OT and IT domain expertise to deliver and optimize innovative grid operations solutions. BRIDGE’s capabilities and expert services enable engagement at any stage in the lifecycle, from strategy & regulatory to implementation & optimization. Founded in 2004, BRIDGE is headquartered in Marlborough, Mass.
