OneWest Bank, a division of CIT Bank, N.A. and CIT Bank, N.A. are the same FDIC-insured institution. 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 OneWest Bank, a division of CIT Bank, N.A., you should include deposits held in CIT Bank, N.A.
For Wealth Management Clients: Please contact your Advisor with any questions you may have regarding possible changes in your FDIC insurance.
For information on FDIC insurance, please visit the FDIC’s website (https://www.fdic.gov/deposit/deposits/) or call 1-877-ASK-FDIC (1.877.275.3342).