CIT Group officially completed its acquisition of IMB Holdco, the parent company of OneWest Bank. read more
AUG 4, 2015 - 6:37 am
CIT Group’s $3.4 billion acquisition of OneWest Bank won approval from U.S. regulators after being delayed for almost one year. The merger will result in a combined business called CIT Bank. read more
JUL 22, 2015 - 6:33 am
According to a report that appeared in the Los Angeles Times, the chief executives of CIT and OneWest Bank said the planned merger would be good for poor neighborhoods. read more
FEB 27, 2015 - 6:52 am
The Federal Reserve Board and the Office of the Comptroller of the Currency announced a joint public meeting on the proposal for CIT Group to acquire IMB Holdco and its subsidiary, OneWest Bank. read more
FEB 10, 2015 - 7:37 am
According to a California Reinvestment Coalition news release, over 15,000 petitions were delivered to the Federal Reserve urging the Fed not to approve the proposed merger of CIT Group and OneWest Bank. read more
FEB 4, 2015 - 7:17 am
Bloomberg reported that OneWest CEO Joseph Otting sent an e-mail to his contacts on Wall Street asking for help to discourage bank overseers from holding public hearings on its takeover by CIT. read more
JAN 12, 2015 - 12:40 am
According to a LA Times report, CIT stands to collect more than $1.4 billion from federal regulators to cover future losses if its purchase of OneWest Bank be approved. read more
DEC 16, 2014 - 7:37 am
Terry Mulreany
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