Citi Opens New Branch in Washington, D.C.

Citi CEO Michael Corbat leads ribbon cutting and announces new sponsorship of the Kennedy Center National Symphony Orchestra

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Citi

Apr 10, 2013, 01:00 ET

WASHINGTON, April 10, 2013 /PRNewswire/ -- Furthering ongoing efforts to optimize Citi's retail banking network, Chief Executive Officer Michael Corbat and U.S. Consumer and Commercial Banking President Cece Stewart today celebrated the opening of a new Citibank branch in Washington, D.C.

Located at the intersection of Connecticut Avenue and K Street, the new Citibank branch resides in the heart of D.C.'s "Golden Triangle" business district, providing customers superior products, services, and access to help reduce the complexities of their financial lives.

"Citi connects the world through its unparalleled global presence, which of course includes our nation's capital," said Mr. Corbat. "We leverage innovations created throughout our network so that every time we open a branch – whether it is on the corner of Connecticut and K or in Shanghai – we deliver proven customer service and solutions. Our newest D.C. branch is state-of-the art and a great example of our commitment to improving the client experience in the communities we serve."

The new Washington, D.C. Citibank branch is outfitted with features such as digital media walls, a Citibank Online computer terminal and enhanced-image, envelope-free ATMs. Also reinforcing Citibank's commitment to the environment, the branch is LEED-certified.

"This branch demonstrates our commitment to providing customers with cutting-edge access and exceptional service," said Ms. Stewart. "We are happy to grow in Washington, D.C. – the home of our second U.S. flagship branch at Foggy Bottom – and simplify the financial lives of our customers."

The branch will serve retail, small business, commercial banking, and personal wealth management customers with account opening and teller services. The new location will provide mortgage and credit card services. Reflecting Citibank's global reach and D.C.'s multilingual population, branch employees can assist customers in English, Spanish, and French.

During the ribbon cutting ceremony, Mr. Corbat announced Citi's corporate sponsorship of the National Symphony Orchestra at the Kennedy Center. He also announced a $65,000 grant to the Capital Area Asset Builders (CAAB), a community organization that helps low- and moderate-income individuals and families improve their money management skills, increase savings, and build wealth by investing wisely.

Since 2009, Citi Community Development and the Citi Foundation have together provided $430,000 to support CAAB's efforts to empower low- and moderate-income residents of the Greater D.C. area to take control of their finances, increase their savings and build for a better future. The support announced today will help CAAB develop a financial education program for the families of students participating in the KIPP College Account program at the KIPP D.C. Charter Schools, the highest performing charter school system in Washington. Nearly 900 students participate in the KIPP College Account program, developed by UNCF, the Citi Foundation and Citibank, through which students enroll in an incentivized matched college savings account that includes financial education.

The new branch located at Connecticut Avenue and K Street is open Monday through Thursday from 9:00am – 5:00pm and until 6:00pm on Friday. Customers can also bank through Citibank for iPad^®, Citi Mobile^SMApp and Citibank^® Online.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

SOURCE Citi