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