Close the acquisition of 80 HSBC East Coast branches and the national online deposit business
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 27 May 2021
- Due
- 31 Mar 2022
- Delivered
- 18 Feb 2022
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“This transaction is expected to close in the first quarter of 2022, subject to customary closing terms and conditions and regulatory approvals.”
What we found
Evidence strength A What the grades mean
The filings state the HSBC East Coast branch and online deposit acquisition closed on February 18, 2022, before the March 31, 2022 deadline; the branch counts total 80.
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A Citizens Financial Group 10-Q filed 2022-08-03
“On February 18, 2022, CBNA completed the acquisition of the HSBC East Coast branches and national online deposit business.” ✓ confirmed on the page
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A Citizens Financial Group 10-K filed 2023-02-17
“On February 18, 2022, CBNA closed on its previously announced HSBC transaction, which included 66 branches in the New York City metropolitan area, 9 branches in the Mid-Atlantic/Washington D.C. area, and 5 branches in Southeast Florida.” ✓ confirmed on the page
Market reaction: the shares moved -0.0% against the S&P 500 over the three sessions around the disclosure (2 Aug 2022 to 5 Aug 2022). What this measures
Checked 10 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of 80 HSBC East Coast branches and online deposit business
- Where
- New York City Metro, Mid-Atlantic/Washington D.C., Southeast Florida
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- Medium
- Conditional
- Yes: subject to customary closing terms and conditions; subject to regulatory approvals
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2021-CFG-006720 · Corrections policy