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Citizens Bank gives $25,000 to four nonprofits to support financial literacy

Citizens Bank is giving a total of $25,000 to four area nonprofits, as a tie-in to Financial Literacy Month.

The largest of the four donations, $15,000, went to Belmont Housing Resources for Western New York. The organization builds, owns and manages affordable housing, but also provides a variety of housing counseling services, including pre-purchase, mortgage default, credit and financial literacy, said president Michael D. Riegel.

Paul Taffe, president of Citizens Bank in New York, visited Belmont on Wednesday to announce the donations, which were among $75,000 distributed statewide by Citizens. The bank has a program called Citizens Helping Citizens Manage Money that, through partner organizations, will reach about 220,000 people this year across Citizens' multistate footprint, Taffe said.

"Education in consumer banking is so critical, and it's a part of what we do every day," in areas like student loans, home equity and retirement options, said Taffe, who is based in Albany.

The other three recipients and the amount they received are: Consumer Credit Counseling Services of Buffalo, $5,000; Niagara Falls Neighborhood Housing Services, $2,500; and the Buffalo Urban League, $2,500.

Citizens Bank ranks No. 5 in deposit market share in the Buffalo Niagara region.

 

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