RBS Citizens said this week it has launched its HealthCare Practice Banking Group, a team of bankers focused entirely on meeting the financial needs of medical and dental practice groups in Massachusetts, Connecticut and Rhode Island.
Products and services to be offered by the new practice group include lines of credit and term loans for equipment purchases, practice acquisitions, startups, renovations and expansions; commercial mortgage financing; and WorldPay merchant credit card processing services with next-day funding.
RBS Citizens said it will also provide assistance in creating efficient cash management processes to improve the cash flow of a practice, including the ability to make deposits directly from a medical or dental office via the RBS Citizens E-Z Deposit service.
The new Healthcare Practice Banking Group is led by Lisa Enright, and also includes former Wells Fargo executive Kathleen Ells and Citizens Bank Business Banking Relationship Manager Rich Rougier.
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