Citizens Financial completed the acquisition of JMP Group for $149m.

Citizens Financial, a provider of full range of commercial banking services, completed the acquisition of JMP Group, a full-service investment banking and asset management firm, for $149m. “The acquisition of JMP represents an attractive opportunity for us to continue to broaden both our capabilities and our customer base in our commercial banking segment. The acquisition further strengthens Citizens’ growing corporate finance and strategic advisory capabilities, with a focus on high growth and compelling industry sectors," Bruce Van Saun, Citizens Chairman and CEO.