CIT To Acquire OneWest for $3.4 Billion – ValueWalk Premium
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CIT To Acquire OneWest for $3.4 Billion

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

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