Posted 3/10/2024, 11:00:00 AM

Regional Bank Woes in 2022 Mostly Isolated Incidents; Citizens Well-Positioned for Growth Ahead

Regional bank failures last year were due to fast, unchecked growth and concentration risk, not an industry-wide problem
Citizens weathered the crisis by maintaining deposits/liquidity and seizing offensive opportunities
Deposits will cost more going forward, so where banks lend matters more
NYCB's situation seems idiosyncratic, and outside investment reduces chance of failure
Commercial real estate loans are concerning, but Citizens' portfolio is diversified and reserves are in place

cnn.com