PROVIDENCE, R.I.--(BUSINESS WIRE)--To further underscore its commitment to provide customers with the tools and resources to accomplish their personal goals, Citizens Bank has partnered with the National Adoption Foundation (NAF) to provide financing solutions for families who plan to adopt children.
According to NAF research, the average cost of adoption is $30,000. The partnership provides an affordable option for families to finance adoption and its related expenses through a flexible, low-APR Personal Loan. Plus, for every personal loan made for adoption through NAF, Citizens will make at least a $100 donation to support NAF’s mission.
“Many wonderful potential parents face financial barriers due to the high cost of adoption, so I’m especially excited about this new partnership, which helps our customers pursue their dreams,” said Brad Conner, Citizens Bank vice chairman of Consumer Banking. “As an adoptive parent myself, this partnership means a lot to me personally. I’m happy that Citizens can play a role in future adoptions.”
The National Adoption Foundation focuses specifically on the financial needs of the adoption community and the challenges faced by families in the adoption process. Since 1993, NAF has helped more than 6,000 adoptive parents successfully grow their families with financial assistance from grants, loans and other programs.
“Having Citizens Bank as our partner, with their flexible adoption loan program, gives us every confidence the financial needs of the adoption community can now be served in a fair and timely manner,” said Norman Goldberg, founder, National Adoption Foundation. “And most importantly, this lets prospective parents to focus their attention on what really matters – the creation of their families.”
Citizens Bank has been recognized by the Dave Thomas Foundation for its adoption support. The bank has been named as a Top 100 Adoption Friendly Workplace for several years. Citizens’ program includes both time off and financial assistance – up to $23,400 toward eligible adoption expenses and fees, per adoption.
“Adoption is a wonderful gift to a child and to a family,” said MK Fiorille, head of Unsecured Lending for Citizens Bank. “I myself was adopted and it makes me proud to be part of a company that supports adoption for both its customers and its colleagues.”
To learn more about the financial solutions available to families who plan to adopt, as well as the partnership between Citizens Bank and The National Adoption Foundation, visit the bank’s microsite.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $145.2 billion in assets as of June 30, 2016. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. In Consumer Banking, Citizens helps its retail customers “bank better” with mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,200 ATMs and approximately 1,200 Citizens Bank branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Citizens also provides wealth management, mortgage lending, auto lending, student lending and commercial banking services in select markets nationwide. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance. Citizens operates through its subsidiaries Citizens Bank, N.A., and Citizens Bank of Pennsylvania as Citizens Bank, Citizens Commercial Banking and Citizens One. Additional information about Citizens and its full line of products and services can be found at www.citizensbank.com.
About National Adoption Foundation
The National Adoption Foundation is a registered 501 (c) (3) charity founded over 22 years ago by Norman Goldberg. Being an adoptive parent, he was all too familiar with the costs and difficulties in adopting. The Foundation’s mission being to provide financial aid, via grants, and financial assistance to the adoptive community.