EXHIBIT 25.1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

☐ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

THE BANK OF NEW YORK MELLON

(Exact name of trustee as specified in its charter)

New York	13-5160382
(Jurisdiction of incorporation if not a U.S. national bank)	(I.R.S. employer identification no.)
240 Greenwich Street, New York, NY	10286
(Address of principal executive offices)	(Zip code)

CITIZENS FINANCIAL GROUP, INC.

(Exact Name of Obligor as Specified in Its Charter)

Delaware	05-0412693
(State of Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification Number)

One Citizens Plaza

Providence, RI 02903

(203) 900-6715

(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)

Senior Debt Securities

(Title of the indenture securities)

1. General information. Furnish the following information as to the Trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

Name	Address
Superintendent of Banks of the State of New York	One State Street, New York, N.Y. 10004-1417, and Albany, N.Y. 12223
Federal Reserve Bank of New York	33 Liberty Street, New York, N.Y. 10045
Federal Deposit Insurance Corporation	Washington, D.C. 20429
The Clearing House Association L.L.C.	New York, N.Y. 10004

(b) Whether it is authorized to exercise corporate trust powers.

Yes.

2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

13. Defaults by the Obligor.

(a) There has been no default with respect to the securities under this indenture.

16. List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

1. A copy of the Organization Certificate of The Bank of New York Mellon (formerly known as The Bank of New York, itself formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1 filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to Form T-1 filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-1 filed with Registration Statement No. 33-29637, Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121195 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152735).

4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-261533).

6. The consent of the Trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-229519).

7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

SIGNATURE

Pursuant to the requirements of the Act, the Trustee, The Bank of New York Mellon, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 4th day of October, 2024.

THE BANK OF NEW YORK MELLON
By:	/s/ Stacey Poindexter
	Name: Stacey Poindexter
	Title: Vice President

EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON

of 240 Greenwich Street, New York, N.Y. 10286

And Foreign and Domestic Subsidiaries,

a member of the Federal Reserve System, at the close of business June 30, 2024, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

	Dollar amounts in thousands
ASSETS
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin		4,447,000
Interest-bearing balances		124,648,000
Securities:
Held-to-maturity securities		46,429,000
Available-for-sale debt securities		90,238,000
Equity securities with readily determinable fair values not held for trading		0
Federal funds sold and securities purchased under agreements to resell:
Federal funds sold in domestic offices		0
Securities purchased under agreements to resell		14,252,000
Loans and lease financing receivables:
Loans and leases held for sale		0
Loans and leases held for investment		36,567,000
LESS: Allowance for credit losses on loans and leases		266,000
Loans and leases held for investment, net of allowance		36,301,000
Trading assets		5,138,000
Premises and fixed assets (including right-of-use assets)		2,859,000
Other real estate owned		0
Investments in unconsolidated subsidiaries and associated companies		1,426,000
Direct and indirect investments in real estate ventures		0
Intangible assets		6,894,000
Other assets		19,174,000
Total assets		351,806,000

LIABILITIES
Deposits:
In domestic offices	202,091,000
Noninterest-bearing	56,250,000
Interest-bearing	145,841,000
In foreign offices, Edge and Agreement subsidiaries, and IBFs	103,656,000
Noninterest-bearing	4,979,000
Interest-bearing	98,677,000
Federal funds purchased and securities sold under agreements to repurchase:
Federal funds purchased in domestic offices	0
Securities sold under agreements to repurchase	3,971,000
Trading liabilities	1,864,000
Other borrowed money: (includes mortgage indebtedness and obligations under capitalized leases)	3,843,000
Not applicable
Not applicable
Subordinated notes and debentures	0
Other liabilities	8,819,000
Total liabilities	324,244,000
EQUITY CAPITAL
Perpetual preferred stock and related surplus	0
Common stock	1,135,000
Surplus (exclude all surplus related to preferred stock)	12,377,000
Retained earnings	17,418,000
Accumulated other comprehensive income	-3,368,000
Other equity capital components	0
Total bank equity capital	27,562,000
Noncontrolling (minority) interests in consolidated subsidiaries	0
Total equity capital	27,562,000
Total liabilities and equity capital	351,806,000

I, Dermot McDonogh, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

Dermot McDonogh

Chief Financial Officer

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.

Robin A. Vince Jeffrey A. Goldstein Joseph J. Echevarria   Directors