Federal Reserve Board announces approval of application by CIT Group

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Federal Reserve Board announces approval of application by CIT Group

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The following press release was published by the Board of Governors of the Federal Reserve System on July 21, 2015. It is reproduced in full below.

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

Source: Board of Governors of the Federal Reserve System

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