CIT buys Mutual of Omaha Bank to reach homeowners associations

CIT is acquiring Mutual of Omaha Bank. Photo credit: Ernst Moeksis

CIT Bank will acquire Mutual of Omaha Bank for $1 billion in cash and stock to help grow its deposit and commercial banking business, the company confirmed on Tuesday. A spokesperson for CIT said the bank was attracted to Mutual of Omaha Bank because of its technology in the deposits and payments areas. Mutual of …Read More

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