CIT Bank Related Content

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

Top Five Printing Equipment Lenders Account for 65.6% of November Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 93 printing equipment related filings during the month of November 2017. read more

Top Five Office Equipment Lenders Account for 65.4% of November Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 3,981 new office equipment related filings during the month of November 2017. read more

CIT Pays $29.9MM to Settle Mortgage Servicing Rights Case

CIT agreed to a settlement of $29.9 million to resolve claims that it failed to meet its contractual obligations to indemnify Ocwen Loan Servicing for losses allegedly suffered from mortgage servicing errors. read more

Top Five Lenders Account for 54% of New Equipment Filings in September

According to a recent Industry Insight Report Published by EDA, Kubota Credit USA, John Deere Industrial Credit, U.S. Bank Equipment Finance, Xerox Financial and Caterpillar Financial Services accounted for almost 54% of the total financings for new equipment during the month of September. read more

CIT Agrees to Sell Financial Freedom and Reverse Mortgage Portfolio

CIT Bank reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. read more

CIT Bank Invests $2.5MM in Clearinghouse CDFI

CIT Bank made a $2.5 million Class A equity investment in the Clearinghouse Community Development Financial Institution, the largest such investment in Clearinghouse CDFI's 20-year history. read more

CIT Bank Enters Into Strategic Partnership with Allstate

CIT Bank announced a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit, will provide revolving and term loan commitments to middle market companies. read more

Macquarie, AMS, CIT Close First Battery Storage Project Financing

Macquarie Capital closed the first non-recourse project financing of battery-based energy storage systems with CIT Bank. read more

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