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The combined company would be the nation's 19th-largest bank with roughly $110 billion of assets.October 16
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Ellen Alemany said that CIT's deal for Mutual of Omaha Bank will immediately lower the bank's deposit funding by 20 basis points. She also reiterated that the acquisition would make CIT more attractive to potential buyers.October 22
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Three years into the turnaround plan at CIT Group, Ellen Alemany continues to remake the commercial finance company she inherited into more of a traditional bank. The purchase of Mutual of Omaha Bank is another step toward that goal.September 22
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James Hubbard will replace Stuart Alderoty, who left CIT earlier this year to join the fintech Ripple.March 14
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Earnings fell well short of analysts' estimates due in part to a 28% increase in interest expenses.January 29
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It’s still primarily a commercial bank, but the branding campaign — CIT’s first in a dozen years — is designed to appeal to the group driving its torrid deposit growth: retail savers.December 7
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Robert Rubino will join the New York company in February as president of CIT Bank and head of commercial banking.December 4
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The Committee for Economic Development will honor KeyCorp's Beth Mooney and CIT's Ellen Alemany for fostering diversity at their companies.September 26
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Over the past two and a half years, Ellen Alemany has made several big changes at CIT Group, selling off international business lines and turning the focus to traditional middle-market lending.September 23
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An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company.July 24
