OneWest Bank Related Content

OneWest Bank Opens New Location in West Los Angeles

OneWest Bank, CIT's Southern California retail bank division, opened its new West Los Angeles location, which features modern technology and a customized branch design. read more

CIT Unveils Launch & Grow Initiative for SoCal Small Business Owners

CIT Group, in partnership with the nonprofit Operation HOPE, kicked off the 12-week HOPE Inside program in Los Angeles, seeking to empower local women small business owners. read more

OneWest Bank Launches Promotion to Support Local Small Businesses

OneWest Bank launched a new small business banking promotion in which customers can earn up to $600 by opening a checking account, savings account and by financing equipment for their business. read more

OneWest Bank Wins 2019 Gold Stevie Award for Sales & Customer Service

CIT’s Southern California retail bank division, OneWest Bank, won a 2019 Gold Stevie Award in the category of Customer Service Success, Financial Service Industries. It is the bank’s second consecutive Stevie Award. read more

CIT’s OneWest Named Best Bank in California

OneWest Bank, CIT’s Southern California branch bank, was named the best bank in California on MONEY’s Best Banks in America. For the second consecutive year, OneWest was recognized as a top regional bank. read more

CIT Bank Provides $100,000 Grant to COR Community Development

OneWest Bank, a division of CIT Bank, provided a $100,000 grant to the COR Community Development, the non-profit of Christ Our Redeemer African Methodist Episcopal Church, located in Irvine, CA. read more

CIT’s Acquisition of OneWest Bank Approved by Regulators

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


CIT, OneWest Say Merger Would Benefit Poor Neighborhoods

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


Opposition to CIT, OneWest Bank Merger Growing

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


OneWest Bank Pushing Back on Hearings in Sale to CIT

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


CIT Said to Benefit from Loss Coverage in OneWest Bank Deal

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


CA Coalition to Oppose CIT, OneWest Merger

The California Reinvestment Coalition, an organization that advocates for banks to do more for low-income communities, is calling for federal regulators to do their job in reviewing a proposal by CIT Group to acquire OneWest Bank. read more

S&P Affirms CIT’s Ratings, Supports OneWest Acquisition

S&P views CIT’s pending OneWest Bank acquisition as like to improve CIT’s current credit profile, despite the fact that the transaction will weakening the company’s capital and raise integration and strategic risks and uncertainties. read more

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