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

PYMNTS

The partnership would apply Goldman’s lending technology to SMB loans on Amazon’s underwriting platform, according to unnamed sources. According to reports out earlier this week, Goldman Sachs and Amazon are in discussions about possibly partnering for small and medium-sized (SMB) business lending in the U.S. 1,” Furner concluded in the memo.

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The ICBA 22/23 executive committee is all in

Independent Banker

Recent proposals for collecting data on consumers and small businesses bog down the process and drive up unnecessary cost for all customers. Omaha, Neb. Hartings: ICBA’s ThinkTECH Accelerator brings fintechs and community banks together to enhance bank operations and the customer experience.