OMAHA, Neb. (AP)– CIT Group is buying Mutual of Omaha Bank for $1 billion to expand its commercial banking operations. not counting those the mortgage operation Mutual of Omaha will retain. "We.
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With an aim to expand its commercial banking. banking operations of Mutual of Omaha Bank provides low cost deposits. Notably, the deal does not include Mutual of Omaha’s mortgage subsidiary,
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One important piece of the deal for Mutual of Omaha: acquiring Synergy One will allow the company to expand into reverse mortgage lending. “Synergy One is an impressive company with a very talented.
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“Mutual of Omaha Mortgage’s expansion into Nevada represents a significant milestone for Mutual of Omaha Mortgage,” Connealy said. “With our team of experienced mortgage professionals, we’re excited.
CIT, which would add 33 commercial banking managers from Mutual of Omaha Bank, plans to hire more bankers to expand in Southern California, Florida and New York City. "These teams really lead with.