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Jul 22, 2014 · NEW YORK (AP) — CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. OneWest, a regional bank whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California. IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares that are currently valued at $1.4 billion.
Company profile page for OneWest Bank Group LLC including stock price, company news, executives, board members, and contact information.
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Aug 3, 2015 · CIT Group Inc. (NYSE: CIT), a provider of commercial lending and leasing services, announced Monday that it has completed its previously announced acquisition of IMB Holdco LLC, the parent company...
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Aug 3, 2015 · NEW YORK & PASADENA, Calif. –(BUSINESS WIRE)–CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, today announced that it has completed its previously announced acquisition of IMB Holdco LLC, the parent company of OneWest Bank N.A. (OneWest Bank) for approximately $3.4 billion in cash and stock. The ...
OneWest Bank, a division of First Citizens BancShares, was a regional bank with over 60 retail branches in Southern California. OneWest Bank specialized in consumer deposit and lending including personal checking and savings accounts, Money Market accounts, CDs, and home loan products.
Aug 15, 2014 · Finding Inspiration From CIT’s Acquisition of OneWest. Al Dominick. Board Member. SHARE THIS ARTICLE. The key is being big enough so that you can support all of the costs of regulation. That is John Thain, the CEO of the $35-billion asset CIT Group, after he announced the biggest bank M&A deal of the year, the purchase of Pasadena, California ...
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Jul 22, 2014 · July 22 (Reuters) - U.S. small-business lender CIT Group Inc said it would buy California bank OneWest Bank NA for $3.4 billion in cash and stock, a deal that will give CIT a more reliable...
