Ellen R. Alemany Related Content

CIT Wins Three Stevie American Business Awards

CIT Group won three Stevie American Business Awards for business excellence, including a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year. read more

CIT Reports Q1/20 Loss of $628MM, Stable Net Revenue of $496MM

CIT reported a Q1/20 loss of $628 million, compared to net income of $119 million in Q1/19. Q1/20 net revenue of $496 million was up 6% from $466 million in Q1/19. 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

Harnisch Succeeds Hudak as Commercial Finance President at CIT

David Harnisch joined CIT Group as president of Commercial Finance. Harnisch will succeed Jim Hudak, who is retiring after a 20-year career at CIT, effective September 3, 2019. 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 Sees $9MM Increase in Non-Interest Income in Q2/2019

CIT Group reported its financial results for the second quarter of 2019. Q2 net income available to common shareholders was $128 million or $1.33 per diluted common share. 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

Hubbard Joins CIT as General Counsel

CIT Group named James R. Hubbard its general counsel and corporate secretary, effective March 18, 2019. Hubbard will join CIT's Executive Management Committee and report to Chairwoman and CEO Ellen R. Alemany. read more

$82MM in Net Income for CIT in Q4/2018, $428MM for Full Year

CIT Group reported fourth quarter net income of $82 million or $0.78 per diluted common share, compared to a net loss available to common shareholders of $98 million or $0.74 per diluted common share for the year-ago quarter. read more

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more

CIT Q3 EPS Beats Estimates; Commercial Finance, Business Capital Higher

CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more

CIT Q2 Earnings Higher, Notes ‘Strong Growth’ in Equipment Finance

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more

CIT Names Chief Risk Officer; Promotes Chief Credit Officer

CIT named Wahida Plummer as its chief risk officer responsible for all enterprise risk. The company also promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk. 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

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