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CIT aims to reach homeowners through Mutual Bank of Omaha acquisition

Bank Innovation

CIT Bank hopes to beef up its outreach to homeowners associations through its Mutual of Omaha Bank acquisition, which closed last week. The bank, which announced its intent to acquire Mutual of Omaha in August for $1 billion in cash and stock, said it intends to use Mutual of Omaha’s technology to create low-cost deposit […].

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CIT buys Mutual of Omaha Bank to reach homeowners associations

Bank Innovation

CIT Bank will acquire Mutual of Omaha Bank for $1 billion in cash and stock to help grow its deposit and commercial banking business, the company confirmed on Tuesday. A spokesperson for CIT said the bank was attracted to Mutual of Omaha Bank because of its technology in the deposits and payments areas. Mutual of […].

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Royal Bank of Canada, First National Bank of Omaha join BI Build speaker faculty

BankInovation

Top executives from Royal Bank of Canada and First National Bank of Omaha are slated to speak at the Bank Innovation Build digital event on Sept. Taking the virtual stage will be Rami Thabet, vice president of digital product at RBC, and Marc Butterfield, senior vice president of innovation and disruption at FNBO. They […].

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CFPB Fines FNBO $32M Over ‘Illegal’ Credit Card Practices

PYMNTS

The CFPB will collect more than $32 million in fines from First National Bank of Omaha over credit card practices the regulator found to be deceptive. In the case most recently settled, the CFPB contends that First National Bank of Omaha deceived consumers about options like debt cancellation and a credit-monitoring program, on two counts.

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Retailers, Banks Say Transaction Clarity Key To Moving From Dispute Management To Dispute Prevention

PYMNTS

The topic was front and center in an On the Agenda discussion with PYMNTS CEO Karen Webster, Ethoca CEO Andre Edelbrock , Cabela’s and Bass Pro Shops Senior Manager of Fraud and Investigations Keith Thompson and First National Bank of Omaha Director of Fraud Management Steve Furlong.

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Walmart Amazon Whole Paycheck Tracker: New Expansions, Partnerships And Reorganizations

PYMNTS

These central operations teams have made strong progress with store innovation, associate-facing technology and the rollout of online grocery pickup and delivery, and we want to see that work accelerate by seamlessly integrating our associate and customer experiences,” Furner stated in the memo. 1,” Furner concluded in the memo.

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Spotlight on Specials

Independent Banker

Neil Stanley ( Neil@TheCorePoint.com ) is CEO and founder of The CorePoint, a company in Omaha, Neb. Producing a de-commoditized offering with advantageous pricing for the assertive rate-sensitive depositor often creates a mutually satisfying negotiation and overall customer experience for these depositors. Expert Ideas.

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