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General FAQs

  • Who is CIT?

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    CIT is a top 50 national bank dedicated to serving commercial clients, small businesses and personal savers nationwide. You can learn more at cit.com.

  • As a Mutual of Omaha Bank customer, how will I be impacted?

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    Rest assured, there is no change to your accounts at this time, and we will continue to provide excellent customer service in your local branch, online or over the phone. You will continue to access your account the same as you do today -- online, at an ATM, in a branch or with your representative -- and there is no impact to your scheduled transactions. In addition, you can continue to use your current checks, deposit slips, credit and debit cards.

  • Can Mutual of Omaha Bank customers visit OneWest Bank branch locations or CIT Bank online for banking services?

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    No, the account opening and servicing processes for Mutual of Omaha Bank, CIT Bank and OneWest Bank remain separate at this time. Mutual of Omaha Bank accounts can be opened in branch and for more information go to MutualofOmahaBank.com. CIT Bank direct bank accounts can be opened online at CITBank.com.  OneWest Bank accounts can be opened online or in branch at OneWestBank.com.

  • Will the acquisition of Mutual of Omaha Bank by CIT affect FDIC Insurance coverage?

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    Mutual of Omaha Bank, CIT Bank and OneWest Bank are now all part of the same FDIC-insured banking institution called CIT Bank, N.A. Deposits held under each name are not separately insured but are combined to determine whether a depositor has exceeded the $250,000 federal deposit insurance limit, per depositor for each account ownership category. For purposes of calculating aggregate deposits held in Mutual of Omaha Bank you should include deposits held in CIT Bank and OneWest Bank. However, Mutual of Omaha Bank deposit account balances existing on January 1, 2020 will continue to be separately insured by the FDIC for a period of six months following the transaction, through June 30, 2020. After that date, those grandfathered account balances are also counted in determining whether a depositor has exceeded the $250,000 federal deposit insurance limit.

    Special rules apply to FDIC insurance applicable to Mutual of Omaha Bank time deposits (Certificate of Deposit accounts) existing on January 1, 2020. Such time deposits will continue to be separately insured until the earliest maturity date after the end of the six-month period. In the case of time deposits which mature within six months of the merger date and which are renewed at the same dollar amount (either with or without accrued interest having been added to the principal amount) and for the same term as the original deposit, the separate insurance applies to the renewed deposits until the first maturity date after the six-month period. Time deposits that mature within six months of the deposit assumption and that are renewed on any other basis, or that are not renewed and thereby become demand deposits, are separately insured only until the end of the six-month period.

  • Will the Mutual of Omaha Bank brand change and when?

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    Mutual of Omaha Bank will begin to transition to the CIT brand over the coming months and the consumer retail branch locations will adopt the CIT Bank brand. Customer accounts remain unchanged at this time and can continue to be accessed through Mutual of Omaha Bank branches, website, mobile aps and relationship managers.

  • What do the letters in CIT stand for?

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    CIT is a national bank with more than a century of heritage. In the early days of our journey, CIT stood for Commercial Investment Trust. Today, we are proud to just go by CIT.

  • Who should Mutual of Omaha Bank customers contact for account support?

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    Customers should continue to reach our Customer Contact Center at the same phone numbers: 866-351-5646 (Personal Banking Customers), 866-688-7957 (Business Clients), 866-800-4656 (Community Association Banking Clients).

  • How can I learn more?

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    You can learn more about CIT and the transaction on our website or at cit.com/mutual.

Personal / Individual FAQs

Residents / Homeowners FAQs

  • "We are excited to welcome the teammates and clients of Mutual of Omaha Bank to the CIT family. We look forward to strengthening existing relationships, building new ones, and continuing to deliver value for our customers, colleagues, shareholders and communities."

    Ellen R. Alemany
    CIT Chairwoman and Chief Executive Officer

Who is CIT?

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

Press Release

Mutual of Omaha Bank is now CIT.

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About CIT

See what makes CIT a company you can trust for your financial journey.

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Get to know CIT

CIT is a Top 50 U.S. bank that aims to empower people to power their business, their savings and our communities.

Mutual of Omaha Bank is now CIT Bank, N.A. (Member FDIC, Equal Housing Lender). References to Mutual of Omaha Bank are deemed to be CIT Bank, N.A.

FDIC DEPOSIT INSURANCE: Mutual of Omaha Bank deposit account balances existing on January 1, 2020, will continue to be separately insured from any CIT Bank, N.A. deposits up to the maximum deposit insurance amount by the Federal Deposit Insurance Corporation (FDIC) for a period of six (6) months after the merger date. For additional details about how this merger impacts FDIC insurance coverage for Mutual of Omaha Bank deposit accounts, visit https://www.cit.com/cit-bank/learn/why-cit-bank/fdic-insurance/.