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Mutual of Omaha Bank-CIT Deal Leaves Out Mortgage Biz

Wednesday, Aug 21 2019
Lending
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CIT Group has announced that it is buying Mutual of Omaha’s banking arm, Mutual of Omaha Bank, but the purchase does not include Mutual of Omaha’s mortgage business, Synergy One Lending. So reports TheStreet.

-more-->TSI Acquires Altasource's Financial Services UnitPending regulatory approval, the $1 billion cash-and-stock deal was expected to close in the first three months of next year.

Mutual of Omaha Bank announced its acquisition of Synergy One Lending in May 2018 and the transaction closed in July 2018, according to a press release.

Read the full article from TheStreet.

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