News: Financial Digest

Citizens Bank to lead a $27 million financing for the Moses Brown School

Providence, RI Citizens Bank will lead a $27 million financing for the Moses Brown School, an independent, co-educational preparatory school l educating students from nursery through 12th grade.

The bond proceeds will be used to partially finance the construction of The Woodman Community and Performing Arts Center along with the modernization of the school’s campus and facilities.

 “We are very pleased to have worked with Citizens Bank on this transaction,” said Shaun Buckler, director of finance and operations for the Moses Brown School. “The Citizens team brought a number of great ideas to the table and we are delighted with their assistance.”

 “The Moses Brown School is a Rhode Island institution,” said Marc Paulhus, president of Citizens Bank, Rhode Island. “We are happy to help the school administration reach their strategic and financial goals.”

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Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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