CIT Bank Related Content

CIT Tenders Offer to Purchase 2.969% Senior Unsecured Fixed-to-Floating Rate Notes

CIT Bank has commenced a cash tender offer to purchase its 2.969 % Senior Unsecured Fixed-to-Floating Rate Notes due 2025. read more

CIT Completes Acquisition of Mutual of Omaha Bank

CIT Bank completed the acquisition of Mutual of Omaha Bank, bringing its total assets to $60 billion. read more

CIT Group Invites Small Biz Partners to Help Feed America

CIT Group, in partnership with Feeding America, launched its second annual One Million Meals campaign to fight hunger this holiday season. read more

OCC Approves CIT Acquisition of Mutual of Omaha Bank

The Office of the Comptroller of the Currency has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group's banking subsidiary, CIT Bank. read more

CIT, CRC, NCRC Launch $7.75B Community Benefits Plan

CIT Group has launched a community benefits plan developed in collaboration with the California Reinvestment Coalition and the National Community Reinvestment Coalition. read more

CIT: Saving Brings More Happiness than Spending

Two-thirds of U.S. consumers believe saving money brings more happiness than spending it, according to CIT Bank's new Financial Bliss Survey conducted by The Harris Poll. read more

CIT Names Bagatelle Eastern Head of Relationship Commercial Banking

David S. Bagatelle joined CIT Group as a managing director and will lead the relationship commercial banking activity in the Eastern region. read more

CIT Names Robbins President of Asset Management

Philip Robbins joined CIT Group as the president of Asset Management and Capital Markets. Robbins will also serve on the company’s Executive Management Committee. read more

CIT to Acquire Mutual of Omaha Bank

CIT Group and Mutual of Omaha signed a definitive agreement for CIT Bank to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. read more

CIT Reports $119MM in Net Income for Q1/2019

CIT’s first quarter net income available to common shareholders and income from continuing operations available to common shareholders were each $119 million or $1.18 per diluted common share. read more

FinTech Breakthrough Names CIT Best Personal Finance Company of 2019

CIT Bank was selected as the winner of the Best Personal Finance Company award by FinTech Breakthrough, an independent organization centered on the global fintech market. read more

CIT Arranges Debt Financing to Support Stellex Investment in Cisco Equipment

CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management. read more

CIT Reports Q1 Drop in Earnings, Notes 40% Y/Y Growth in Volume

CIT Group reported Q1/18 earnings of $97 million were down from $180 million in Q1/17. CIT noted that new lending and leasing volume increased 40% year over year. read more

Top Five Printing Equipment Lenders Account for 63% of February Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 81 printing equipment related filings during the month of February 2018. read more

CIT Bank Exec Gagnon Joins Banc of California as CCO

Banc of California hired Kris Gagnon as chief credit officer. Gagnon joined from CIT Bank, where he served as chief credit officer. read more

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