- Associated Press - Thursday, September 1, 2016

JOHNSTON, R.I. (AP) - With a host of company, state and local officials on hand, Citizens Financial Group broke ground on its new corporate campus in Johnston.

The company, which has been based in Rhode Island for nearly 180 years, will transfer 3,200 bank employees from other facilities to the new campus by 2018.

CEO Bruce Van Sauen said at Wednesday’s ground-breaking ceremony that construction on the project will cost $200 million.

Several towns competed for the corporate campus following the announcement that Citizens Bank would let its lease in Cranston expire. Johnston Mayor Joseph Polisena said Citizens Financial made the “right investment in the right town.”

The facility is scheduled to be completed by July 2018. Citizens Financial will maintain its headquarters in downtown Providence.

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