Citizens and Trek Bicycle Partner to Offer Convenient Payment and Financing Options for Cycling Enthusiasts
13 September 2023 - 10:00PM
Business Wire
Citizens today announced a partnership with Trek Bicycle, a
global leader in the design and manufacturing of bicycles and
related products, to make consumer financing simple and easy for
Trek customers. Through Citizens Pay, a market-leading financing
solution from Citizens, consumers looking for reliable and
innovative cycling products to match their lifestyle now have
access to flexible payment options at more than 1,400 Trek
retailers globally.
“We are committed to fueling consumers’ passions through
innovative financial solutions, giving them more purchasing power
and freedom to explore the outdoors through high-quality products,”
said Christine Roberts, Executive Vice President and President of
Citizens Pay. “By partnering with Trek to offer new installment
financing, customers have more options so they don’t have to
compromise on the quality of their equipment and can instead focus
on where their next ride will take them.”
Trek Financing powered by Citizens Pay is now available for
in-store Trek purchases and will be available for online purchases
through TrekBikes.com later this year. Cycling enthusiasts can
purchase a range of Trek products, including mountain, road,
electric, hybrid and kids bikes, as well as accessories, apparel,
parts, and services, through predictable monthly installments.
Customers who qualify will benefit from Citizens’ ability to offer
low interest rates and predictable monthly payments.
“We are excited to partner with Citizens Pay to offer our
customers flexible payment solutions,” says Chad Brown, Trek
Bicycle CFO. “At Trek, we are committed to providing incredible
hospitality. With Trek Financing, customers are guaranteed a
frictionless buying experience with the ability to get out on their
bike in the same day."
Citizens Pay is a market leader in point-of-sale installment
financing, offering a responsible way for consumers to pay for
large purchases in fixed, monthly payments, while providing
retailers and merchants with tailored, embedded financing options
that drive customer loyalty. For additional details, visit
www.citizenspay.com.
About Citizens Financial Group, Inc. Citizens Financial
Group, Inc. is one of the nation’s oldest and largest financial
institutions, with $223.1 billion in assets as of June 30, 2023.
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. Citizens helps its customers reach
their potential by listening to them and by understanding their
needs in order to offer tailored advice, ideas and solutions. In
Consumer Banking, Citizens provides an integrated experience that
includes mobile and online banking, a full-service customer contact
center and the convenience of approximately 3,400 ATMs and
approximately 1,100 branches in 14 states and the District of
Columbia. Consumer Banking products and services include a full
range of banking, lending, savings, wealth management and small
business offerings. In Commercial Banking, Citizens offers a broad
complement of financial products and solutions, including lending
and leasing, deposit and treasury management services, foreign
exchange, interest rate and commodity risk management solutions, as
well as loan syndication, corporate finance, merger and
acquisition, and debt and equity capital markets capabilities. More
information is available at www.citizensbank.com or visit us on
Twitter, LinkedIn or Facebook.
About Trek Bicycle Trek Bicycle is a global leader in the
design and manufacturing of bicycles and related products. Trek
believes the bicycle can be a simple solution to many of the
world's most complex problems and is committed to breaking down the
barriers that prevent people from using bicycles more often for
transportation, recreation, and inspiration.
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version on businesswire.com: https://www.businesswire.com/news/home/20230913418006/en/
Eleni Garbis eleni.garbis@citizensbank.com 781-471-2233
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