July 21, 2015

Federal Reserve Board announces approval of application by CIT Group

For release at 4:00 p.m. EDT

The Federal Reserve Board on Tuesday announced its approval of the application under section 3 of the Bank Holding Company Act by CIT Group, Inc., Livingston, New Jersey, to acquire IMB Holdco LLC and thereby indirectly acquire its wholly owned subsidiary, OneWest Bank, National Association, both of Pasadena, California.

Attached is the Board's Order relating to this action.

For media inquiries, call 202-452-2955.

Attachment (PDF)

Board Votes

Last Update: July 21, 2015