• R. Brad Oates

    CIT Board Member

    Oates joined the CIT board in December 2009 and also serves as a board member for CIT Bank, N.A. Oates currently serves as chairman and managing partner of Stone Advisors LP, a strategic advisory firm specializing in distressed asset situations, which is currently engaged as a contractor by the Federal Deposit Insurance Corp. to assist in resolving bank receiverships. Prior to joining Stone Advisors, Oates served from 1988 until 2003 as president and chief operating officer of Bluebonnet Savings Bank, responsible for bank operations and strategic planning in a bank turnaround situation, and as executive vice president of Stone Holdings Inc., the holding company for Bluebonnet Savings Bank and a private investment company specializing in banking, information services, risk management and emerging technologies.  

    Oates currently serves, or during the preceding five years served, as chairman of the board of directors of Stone Advisory Holdings LLC and NFC Global LLC, a privately owned provider of due diligence, risk consulting and compliance services, and as a director of GearingStone LLC, a special servicing company for distressed bank assets, and of Neways Inc., a privately owned dietary supplement and personal care products company. 

    Oates is a former chairman and director of the Texas Savings and Community Bankers Association. He is an advisory director to the Institute for Excellence in Corporate Governance at the University of Texas-Dallas, co-chair of the Wheatley Ethics Advisory Council at Brigham Young University. He holds an Executive Masters Professional Director certification, conferred by the American College of Corporate Directors, a credentialing organization for public company directors. Oates has been involved in the financial services industry for approximately 30 years, principally as a senior executive officer and director, with a particular expertise in bank risk management.