Joseph Otting

Pacific Western Bank appoints Steven Schwimmer to a newly created role as Chief Innovation Officer

Retrieved on: 
Monday, June 21, 2021

BEVERLY HILLS, Calif., June 21, 2021 /PRNewswire/ --Pacific Western Bank announced today that they have hired Steven Schwimmer to a newly created position as their new EVP, Chief Innovation Officer.

Key Points: 
  • BEVERLY HILLS, Calif., June 21, 2021 /PRNewswire/ --Pacific Western Bank announced today that they have hired Steven Schwimmer to a newly created position as their new EVP, Chief Innovation Officer.
  • He comes to the Bank with over 27 years of experience in the technology and process area of banking and financial services.
  • Most recently, Steve served as Head of Technology and Operations for the Consumer Bank and Treasury Payment Solutions for CIT.
  • Prior to that, he was affiliated with OneWest Bank andresponsible for commercial bank technology, enterprise applications, and technology operations.

Chelsea Clinton and Joseph Otting Join Operation HOPE Global Board of Advisors

Retrieved on: 
Tuesday, September 29, 2020

Operation HOPE today announced that Chelsea Clinton and Joseph Otting have joined the HOPE Global Board of Advisors.

Key Points: 
  • Operation HOPE today announced that Chelsea Clinton and Joseph Otting have joined the HOPE Global Board of Advisors.
  • Ms. Clinton, Vice Chair of the Clinton Foundation, and Mr. Otting, the former Comptroller of the Currency, join a Board comprised of some of the countrys leading executives from business, finance, and the non-profit and NGO sectors.
  • Both Ms. Clinton and Mr. Otting have been longtime supporters of Operation HOPE and have been featured speakers at the HOPE Global Forums | Annual Meeting.
  • It is with great honor that I join the HOPE Global Board of Advisors.

First Consumer Fintech in US History Gains Full Regulatory Approval to Become a National Bank

Retrieved on: 
Friday, July 31, 2020

today announced it has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank, N.A.

Key Points: 
  • today announced it has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank, N.A.
  • This represents the first-ever national bank charter granted to a US consumer fintech and will allow Varo to offer customers comprehensive, FDIC-insured banking services.
  • The ability to operate as a full-service national bank gives Varo more freedom to deliver the kind of innovation and allyship that many Americans have never had from their bank before.
  • Varo is the first consumer fintech to be granted a national bank charter by the Office of the Comptroller of the Currency.

Join OneWest Bank in Donating One Million Meals to Fight Hunger

Retrieved on: 
Wednesday, November 20, 2019

PASADENA, Calif., Nov. 20, 2019 /PRNewswire/ -- CIT and its Southern California retail branch division OneWest Bank today launched the second annual One Million Meals campaign to fight hunger this holiday season.

Key Points: 
  • PASADENA, Calif., Nov. 20, 2019 /PRNewswire/ -- CIT and its Southern California retail branch division OneWest Bank today launched the second annual One Million Meals campaign to fight hunger this holiday season.
  • "Through the One Million Meals campaign, we are directly supporting those battling hunger across the neighborhoods we're so passionate about serving each day."
  • For every vote or engagement (like, comment or share) on social media, OneWest will donate 10 meals to one of the programs.
  • $250 bonus offer is for customers aged 18 years or older who successfully open a new OneWest Bank Checking Account at any branch of OneWest Bank, a division of CIT Bank, N.A.

California Reinvestment Coalition, National Community Reinvestment Coalition and CIT Announce $7.75 Billion Community Benefits Plan

Retrieved on: 
Friday, November 1, 2019

NEW YORK, Nov. 1, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced a community benefits plan developed in collaboration with the California Reinvestment Coalition (CRC) and the National Community Reinvestment Coalition (NCRC) that builds on the combined work of its banking subsidiary CIT Bank, N.A.

Key Points: 
  • NEW YORK, Nov. 1, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced a community benefits plan developed in collaboration with the California Reinvestment Coalition (CRC) and the National Community Reinvestment Coalition (NCRC) that builds on the combined work of its banking subsidiary CIT Bank, N.A.
  • Adding a retail branch in California, which will serve low and moderate-income customers in a neighborhood of color.
  • In August, CIT announced it had entered into an agreement for its Pasadena-based bank CIT Bank, N.A.
  • CIT's consumer banking segment includes its national online bank, CIT Bank , and a Southern California branch bank, OneWest Bank , a division of CIT Bank, N.A.

CIT Announces Third Quarter 2019 Financial Results

Retrieved on: 
Tuesday, October 22, 2019

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.

Key Points: 
  • 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, approximately $50 billion in assets as of Sept. 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A.
  • The company's commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing.
  • CIT's consumer banking segment includes its national online bank, CIT Bank , and a Southern California branch bank, OneWest Bank .

CIT to Announce Third Quarter 2019 Financial Results

Retrieved on: 
Wednesday, October 9, 2019

CIT expressly disclaims and undertakes no responsibility to update or alter such information based on new information, future events or otherwise.

Key Points: 
  • CIT expressly disclaims and undertakes no responsibility to update or alter such information based on new information, future events or otherwise.
  • 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, approximately $50 billion in assets as of June 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A.
  • CIT's consumer banking segment includes its national online bank, CIT Bank , and a Southern California branch bank, OneWest Bank .

CIT to Acquire Mutual of Omaha Bank

Retrieved on: 
Tuesday, August 13, 2019

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.

Key Points: 
  • 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, approximately$50 billionin assets as ofJune 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A.
  • CIT's consumer banking segment includes its national online bank, CIT Bank , and aSouthern Californiabranch bank, OneWest Bank .
  • Founded in 1909, Mutual of Omaha is a Fortune 500 organization offering a variety of insurance and financial products for individuals, businesses and groups throughout the United States.

275 Volunteer Projects Completed During CIT Cares Month

Retrieved on: 
Thursday, July 25, 2019

NEW YORK, July 25, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the results of its annual employee volunteer initiative, CIT Cares Month .

Key Points: 
  • NEW YORK, July 25, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the results of its annual employee volunteer initiative, CIT Cares Month .
  • Throughout June, 275 community projects were completed by 1,700 CIT employees who contributed 6,400 volunteer hours nationwide to make a difference.
  • CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of June 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A.
  • CIT's consumer banking segment includes its national online bank, CIT Bank , and a Southern California branch bank, OneWest Bank .

CIT Announces Second Quarter 2019 Financial Results

Retrieved on: 
Tuesday, July 23, 2019

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.

Key Points: 
  • 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, approximately $50 billion in assets as of June 30, 2019, and operates a principal bank subsidiary, CIT Bank, N.A.
  • The company's commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing.
  • CIT's consumer banking segment includes its national online bank, CIT Bank , and a Southern California branch bank, OneWest Bank .