OCC Approves CIT Acquisition of Mutual of Omaha Bank

The Office of the Comptroller of the Currency (OCC) has provided regulatory approval for the merger of Mutual of Omaha Bank into CIT Group’s banking subsidiary, CIT Bank.

CIT Appoints Steve Solk President of Consumer Banking

CIT Group appointed Steve Solk president of CIT Consumer Banking and president, California. This is in addition to his current responsibilities as president of CIT Business Capital and a member of CIT’s executive management committee.

CIT Q3/16 Financing and Leasing Assets Down 1.6%

In its Q3/16 earnings report, CIT announced that financing leasing assets of $49.3 billion were down 1.6% from the $50.1 billion reported in the same quarter a year ago.

CIT Appoints Menelly Executive VP, Head of Technology and Operations

CIT Group appointed Denise Menelly executive vice president and head of technology and operations, effective June 29.

CIT Announces Changes to Board of Directors

CIT announced several changes to its board of directors, appointing Ellen Alemany as chairwoman and nominating Michael Carpenter and John Oros for election to the board.

Ellen Alemany Joins FIS Board of Directors

FIS, a provider of banking and payments technology, outsourcing and consulting solutions, announced that Ellen Alemany has joined the company’s board of directors.

RBS Names Van Saun to Replace Alemany as Citizens CEO

RBS said it has appointed current group finance director Bruce Van Saun as chairman and chief executive of Citizens Financial, replacing Ellen Alemany.