Citizens Private Bank Seeks to Woo Clients of Failed Lenders

Citizens Financial Group Inc. rolled out a private bank as it seeks to capture wealthy clients of regional lenders that were felled by the turmoil earlier this year.

Citizens Private Bank has already attracted about $500 million in deposits and investments since its soft launch in September and is targeting about $10 billion each in deposits, loans and assets under management.

“There’s a lot of talent and a lot of customers in flight searching for a new home,” Brendan Coughlin, head of consumer banking at Citizens, said in an interview. “We believe we can serve that void that was ...