Utilize the input text as a context reference, choose the right relationship between CIT Group and OneWest Bank from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

CIT Group announced that it has completed its previously announced acquisition of IMB Holdco LLC, the parent company of OneWest Bank N.A.

Answer: subsidiary