CIT To Acquire OneWest for $3.4 BillionMark Melin
The CIT Group Inc. (NYSE:CIT) announced the purchase OneWest Bank for $3.4 billion in cash and stock, the company announced today.
CIT - OneWest merger will create a bank with $67 billion in assets
The merger of two formerly troubled institutions will create a combined bank of $28 billion in deposits and $67 billion in assets. OneWest currently manages $15 billion in deposits and $23 billion in assets, which includes commercial and home mortgages, the Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat