CIT Bank to Acquire Mutual of Omaha Bank

Posted on 08/13/2019


CIT Bank, N.A., a unit of CIT Group Inc., is buying Mutual of Omaha Bank, the savings bank subsidiary Mutual of Omaha, for US$ 1 billion. The purchase price will be comprised primarily of cash and up to US$ 150 million of CIT common stock, the amount of which will be determined by CIT. The […]