mutual of omaha bank, cit

Mutual of Omaha Bank will begin to transition to the CIT brand and the retail branch locations will adopt the CIT Bank brand over the coming months. The company’s return on tangible common equity ratio is expected to be enhanced by 80 basis points in 2020 and increase to more than 100 basis points over two years. We look … Please note, as of June 10, this site will be rebranded to CIT. You want competitive products and easy-to-manage accounts, so we make that our priority. This will NOT automatically occur. Pay bills, access your account and earn interest with no monthly fees. CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. Should you have questions, please call us at 866-800-4656. In addition, $8.3 billion of total assets, including $4.1 billion of middle-market commercial loans, are part of the transaction, which adds to CIT’s growing franchise. Committed to the wellbeing of our team, customers and communities. The Employee Portal is a convenient self-service portal that allows employees direct access to claims information. × CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of June 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A. Committed to the wellbeing of our team, customers and communities. *In OR and WA "agent" should be replaced with "producer.". Please note, as of June 10, this site will be rebranded to CIT. Mutual of Omaha Bank is now CIT. The transaction includes $6.8 billion in deposits, $4.5 billion of which are HOA deposits from more than 31,000 community associations nationwide, and $2.3 billion of which are from commercial and consumer financial centers in key markets. If you use CIT’s website, mutualpaypropertypay.com, to pay your assessments, you will need to login to the account you previously created and update your payment amount. View transaction history, access your statements, pay bills and more. J.P. Morgan Securities LLC served as lead financial advisor to CIT and rendered a fairness opinion to the CIT Board of Directors. All rights reserved. CIT Group in New York has agreed to buy Mutual of Omaha Bank in Nebraska. In particular, any projections or expectations regarding the proposed acquisition by CIT of Mutual of Omaha Bank described herein, our future revenues, expenses, earnings, capital expenditures, deposits or stock price, as well as the assumptions on which such expectations are based, are such forward-looking statements reflecting only our current judgment and are not guarantees of future performance or results. For more information about Mutual of Omaha, visit www.mutualofomaha.com. All statements contained in this presentation, other than statements of historical fact, including without limitation, statements about our plans, strategies, prospects and expectations regarding future events and our financial performance, are forward-looking statements that involve certain risks and uncertainties. 973-740-5058 Things can get confusing when it comes to Medicare. NEW YORK, Nov. 19, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that the Office of the Comptroller of the Currency (OCC) has provided regulatory approval for Mutual of Omaha Bank to be merged into CIT's banking subsidiary, CIT Bank, N.A. The acquisition of Mutual of Omaha Bank is likely to be accretive to CIT Group's (CIT) earnings, going forward. CIT Media Relations The purchase price will be comprised primarily of cash and up to $150 million of CIT common stock, the amount of which will be determined by CIT. This presentation contains references to non-GAAP financial measures, which provide additional information and insight regarding operating results and financial position of the business, including financial information that is presented to rating agencies and other users of financial information. Non-GAAP Financial Measures The acquisition will accelerate the next phase of CIT’s strategic plan and complement the company’s focus on serving small and midsized businesses with thoughtful solutions, competitive financing and deposit products. CIT Group and Mutual of Omaha have announced that CIT’s banking subsidiary, CIT Bank, will acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. If you're looking to grow in your career, Mutual of Omaha can provide that opportunity. The deal includes $6.8 billion in … Bob Glissmann Mutual of Omaha Bank is being acquired by CIT Group Inc. for $1 billion, Mutual of Omaha and CIT Group announced Tuesday. Commercial Online Banking CIT Financial Benefits Your access and credentials will remain the same. In particular, any projections or expectations regarding the proposed acquisition by CIT of Mutual of Omaha Bank described herein, our future revenues, expenses, earnings, capital expenditures, deposits or stock price, as well as the assumptions on which such expectations are based, are such forward-looking statements reflecting only our current judgment and are not guarantees of future performance or results. Your access and credentials will remain the same. This transaction squarely aligns to those goals by immediately enhancing our deposit and commercial banking capabilities and improving our profitability. If you have always been a customer of CIT, select Treasury Management to access your commercial banking account. (Member FDIC, Equal Housing Lender). CIT Group Inc said Aug. 13 that it agreed to buy Mutual of Omaha Bank for $1 billion. CIT undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except where expressly required by law. Enter your ZIP code, address, or city and state below to find the nearest branch. The $50.6 billion-asset CIT said in a press release Tuesday that it will pay $1 billion in cash and stock for the $8.3 billion-asset Mutual. With our HOA Premium Reserve Solution, you’ll get: The ease of dealing with one bank that can serve all your HOA banking … From payables and receivables to managing risk, we have the products and services you need for flexibility and control. This presentation contains forward-looking statements within the meaning of applicable federal securities laws that are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. The transaction will diversify and enhance CIT’s funding profile with stable, lower-cost deposits from Mutual of Omaha Bank’s market-leading homeowner’s association (HOA) banking business. On a pro forma basis, CIT will have approximately $42.1 billion of total deposits and $58.9 billion of total assets. Learn more. Starting on Nov. 30, 2020, you will no longer be redirected to this site. This is a unique opportunity to accelerate our strategic plan through the addition of a market-leading HOA deposit franchise, a broader set of product and technology solutions and an expanded business footprint that complements CIT’s existing franchise.”, “Mutual of Omaha Bank has a talented and dedicated team that built a successful, vibrant institution. If you have urgent banking needs, you can visit another nearby branch, reach out to our contact center or bank online. The company also offers a portfolio of employee benefit and retirement solutions. CIT Group Inc. (NYSE: CIT) today announced that its banking subsidiary, CIT Bank, N.A., completed the acquisition of Mutual of Omaha Bank on Jan. 1, 2020. Simple solutions for residents to pay assessments, dues and fees. CIT Chairwoman and Chief Executive Officer Ellen R. Alemany said, “Following our multi-year strategic transformation, we entered the next phase of our plan focused on thoughtful growth and value creation. Founded in 1909, Mutual of Omaha is a Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States. These forward-looking statements speak only as of the date on which the statements were made. We volunteer time, talent and resources for a wide range of nonprofit organizations from coast to coast. 212-771-6008 Learn about the evolution of our corporate symbol and how it aligns to our mission. The transaction is expected to improve CIT’s deposit costs by approximately 20 basis points upon closing. The integration of Mutual of Omaha Bank into CIT creates great opportunity to leverage the strengths of both institutions,” said Mutual of Omaha Chairman and CEO James Blackledge. The HOA business offers a national, highly scalable deposit channel with a strong market presence and differentiated technology-enabled solutions. This presentation shall not constitute an offer or solicitation in connection with any securities. Gina Proia This presentation contains references to non-GAAP financial measures, which provide additional information and insight regarding operating results and financial position of the business, including financial information that is presented to rating agencies and other users of financial information. The definitions of these measures and reconciliations of non-GAAP to GAAP financial information are available in this presentation. Access your account from anywhere with online and mobile banking. Are my current retirement savings sufficient. Pay your assessments, HOA dues, rent and other fees. CIT undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except where expressly required by law. The agreement excludes Mutual’s mortgage subsidiary, Synergy One Lending. Discover more at cit.com/about. However, the regional bank is transitioning into the CIT brand in the coming months. Evercore also served as a financial advisor, and Sullivan and Cromwell LLP served as legal advisor to CIT. The words “expect,” “anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,” “evaluate,” “pursue,” “commence,” “seek,” “may,” “will,” “would,” “could,” “should,” “believe,” “potential,” “continue,” or the negative of any of those words or similar expressions is intended to identify forward-looking statements. CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. The company’s commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. Business Valuation: What Is Your Company Worth? The transaction is expected to be accretive to 2020 estimated earnings per share (EPS) by 2 percent, based on CIT’s consensus estimate with cost savings fully phased in, and EPS accretion is expected to grow to double-digits over time. Please note, as of June 18, this site was rebranded to CIT. CIT Bank offers High Yield Savings, Money Market, CDs and Custodial Accounts designed to help you maximize your personal finances. The deal, which is expected to close in the first quarter, priced Mutual at 138% of its tangible book value. View our rates. Products customized to meet each association’s unique needs. About CIT CIT offers a range of solutions to manage and grow HOA funds safely and effectively, including higher balances over $250,000. CIT Bank (Previously Mutual of Omaha): Your association uses CIT Bank. Mutual of Omaha Bank is now CIT. These non-GAAP measures are not in accordance with, or a substitute for, GAAP and may be different from or inconsistent with non-GAAP financial measures used by other companies. We further describe these and other risks that could affect our results in Item 1A, “Risk Factors,” of our latest Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the Securities and Exchange Commission. This presentation contains forward-looking statements within the meaning of applicable federal securities laws that are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Mutual of Omaha Bank is worth considering if you are looking for a place to park your short-term savings. CIT Bank, Downtown Lincoln Branch at 1317 Q Street Suite 150, Lincoln, NE 68508. CIT to Acquire Mutual of Omaha Bank. Learn more. Gina.Proia@cit.com, CIT Investor Relations Customer Access is an easy way to manage your account. Member FDIC. CIT Group Completes Mutual of Omaha Bank Buyout for $1B - January 3, 2020 - Zacks.com These forward-looking statements speak only as of the date on which the statements were made. While these statements represent our current judgment on what the future may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial results, and our actual results may differ materially. CIT is committed to serving small businesses and making the financing process as smooth as possible to help those businesses grow. Please note, as of June 10, this site will be rebranded to CIT. CIT’s consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank, OneWest Bank. CIT Forward-Looking Statements Mutual of Omaha Bank will begin to transition to the CIT brand and the retail branch locations will adopt the CIT Bank brand over the coming months. Products and services designed to help you reach yourfinancial goals. In addition, it will advance CIT’s strategic plan, extend its commercial banking capabilities and enhance profitability. Mutual of Omaha Bank is now CIT. CIT and the CIT logo are registered trademarks of CIT Group Inc. CIT Bank, N.A. About Mutual of Omaha Your access and credentials will remain the same. is a subsidiary of CIT Group Inc. Barbara.Callahan@cit.com, Mutual of Omaha and Mutual of Omaha Bank Media Relations Customer accounts remain unchanged at … CIT Bank Branch CIT Bank Branch This personal banking portal is for CIT Bank's branch customers. 402-351-2944 CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of September 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A. The deal will be comprised mainly of cash and up to $150 million of CIT common stock. We look forward to serving you. We can help you sort it out. You can pay bills, update information, review policies and more. With an aim to expand its commercial banking operations, CIT Group Inc. CIT has acquired Omaha, NE-based Mutual of Omaha’s savings bank subsidiary, Mutual of Omaha Bank… The direct link to the MutualPay website is www.propertypay.cit.com. Learn more. Barbara Callahan Former Mutual of Omaha Bank customers, please visit citbankbranch.com or select CIT Bank Branch sign in to your account. This presentation is to be used solely as part of CIT management’s continuing investor communications program. NEW YORK, Jan. 2, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its banking subsidiary, CIT Bank, N.A., completed the acquisition of Mutual of Omaha Bank on Jan. 1, 2020.This transaction advances CIT's strategic plan through the addition of a stable, lower-cost homeowner association deposit channel from the market-leading community association banking … Jim Nolan Competitive rates, secure deposits and a streamlined banking experience. (Member FDIC, Equal Housing Lender). Former Mutual of Omaha Bank customers, use this portal (formerly known as ViewPoint) to access your account. The commercial banking business and financial centers add additional talent and expertise in key metro markets that supplement CIT’s presence. Accordingly, you should not place undue reliance on the forward-looking statements contained in this presentation. Need assistance with your application or your account? Please use your email address to login. “This transaction allows Mutual of Omaha to focus on, and invest in, growth in its core insurance businesses.”. NEW YORK – CIT Group Inc. (NYSE: CIT) and Mutual of Omaha (Mutual) today announced a definitive agreement for CIT’s banking subsidiary, CIT Bank, N.A., to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. Important: Please update any saved links and bookmarks you have for this website to banking.cit.com. The transaction is expected to close in the first quarter of 2020, subject to regulatory approval and satisfaction of other customary closing conditions. We get it. The purchase price will be comprised primarily of cash and up to $150 million of CIT common stock, the amount of which will be determined by CIT. Savings account solutions designed to help you reach your goals. Your web browser is not a supported version and may not be fully compatible with this website. Mutual of Omaha Bank is now CIT. We further describe these and other risks that could affect our results in Item 1A, “Risk Factors,” of our latest Annual Report on Form 10-K for the year ended December 31, 2018, which was filed with the Securities and Exchange Commission. We serve a variety of organizations with a focus on making our communities a … In the individual market, Mutual is a leader in the senior health, life, long-term care, disability and annuity lines. NEW YORK – CIT Group Inc. (NYSE: CIT) and Mutual of Omaha (Mutual) today announced a definitive agreement for CIT’s banking subsidiary, CIT Bank, N.A., to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. Accordingly, you should not place undue reliance on the forward-looking statements contained in this presentation. We look forward to serving you. Will your key employees remain loyal to your company? Mutual of Omaha… NEW YORK, Aug. 13, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) and Mutual of Omaha (Mutual) today announced a definitive agreement for CIT's banking subsidiary, CIT Bank, N.A., to acquire Mutual's savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion.The purchase price will be comprised primarily of cash and up to $150 million of CIT common stock, the … Looking for an ATM? Lending our time, talent and resources Investing in our communities is a key priority for Mutual of Omaha Bank. CIT Strategic Benefits The purchase price will be comprised primarily of cash and up to $150 million of CIT common stock, the amount of … In key metro markets that supplement CIT ’ s commercial banking account Synergy!, except where expressly required mutual of omaha bank, cit law your statements, except where expressly required by law the statements made! And may not be fully compatible with this website to banking.cit.com is likely to be used solely part... 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