Cit Bank

Cit Bank, National Association, originally established as OneWest Bank, FSB, on March 19, 2009, was rebranded to Cit Bank on November 1, 2016. The bank underwent significant transformations and acquisitions throughout its history. On February 28, 2014, it transitioned from a Federal Savings Bank to a National Bank and became a member of the Federal Reserve System. The bank also changed its name several times, including to OneWest Bank, National Association, in May 2014. Cit Bank expanded its footprint through multiple acquisitions, including La Jolla Bank, FSB, in February 2010, and First Federal Bank of California later that year. It acquired Mutual of Omaha Bank in January 2020. The main office of Cit Bank moved several times, ultimately relocating to 95 South Lake Avenue in Pasadena, California, in March 2018. On January 4, 2022, Cit Bank merged with First-Citizens Bank & Trust Company, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

2009-03-19Institution established. Original name: OneWest Bank, Fsb.

2009-03-19Acquired IndyMac Federal Bank, Fsb in Pasadena, CA as part of a government assisted merger.

2009-12-18Acquired First Federal Bank of California, a Federal Savings Bank in Santa Monica, CA as part of a government assisted merger.

2010-02-19Acquired La Jolla Bank, Fsb in La Jolla, CA as part of a government assisted merger.

2011-01-19Main Office moved to 888 E. Walnut Street, Pasadena, CA 91101.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2014-02-28Institution becomes member of the Federal Reserve System.

2014-02-28Changed Bank Class to National Bank, member of the Federal Reserve System (FRS).

2014-02-28Changed Organization Type to Commercial Bank.

2014-02-28Changed Institution Name to Onewest Bank, National Association.

2014-05-06Changed Institution Name to OneWest Bank, National Association.

2015-08-03Changed Institution Name to Cit Bank, National Association.

2015-08-03Acquired Cit Bank in Salt Lake City, UT.

2016-11-01Changed Institution Name to Cit Bank, National Association.

2016-12-12Main Office moved to 95 South Lake Ave, Pasadena, CA 91101.

2018-03-19Main Office moved to 95 South Lake Ave, Pasadena, CA 91103.

2020-01-01Acquired Mutual of Omaha Bank in Omaha, NE.

2022-01-04Merged and became part of First-Citizens Bank & Trust Company (11063) in Raleigh, NC.