|Description||CIT is a bank holding company.|
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and vendor finance. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals.. cit.com
CIT is headquartered in New York City.
View our Corporate Video www.cit.com/about-cit
CIT Bank Founded in 2000, CIT Bank (Member FDIC) is the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE: CIT). It provides lending and leasing to the small business, middle market and rail sectors. Through its online bank, BankOnCIT.com, CIT Bank offers a suite of savings options designed to help customers achieve a range of financial goals. It is regulated by the Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions. As of September 30, 2012, it had $8.6 billion of deposits and $11.6 billion of assets. CIT Bank makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status. cit.com/citbank
Corporate Finance provides lending, leasing and other financial and advisory services to the small business and middle market sectors. Our commercial finance solutions focus on specific industries, including: Chemicals & Industrials, Commercial Real Estate, Communications, Energy, Entertainment, Healthcare, Information Services & Technology, Restaurants, Retail, and Sports & Gaming.
Trade Finance is one of the nation’s leading providers of factoring and financing to consumer product companies. We tailor commercial financial solutions that help companies of all sizes increase sales, improve cash flow, reduce operating expenses and eliminate customer credit losses.
Transportation Finance is a leading global aircraft lessor and the third largest U.S. railcar lessor. Our commercial finance services also include lending and leasing services to the transportation industry, principally the aerospace and rail.
Vendor Financea leader in developing commercial finance solutions for small businesses and middle market companies for the acquisition of equipment and value added services. We create tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, we provide equipment financing and value-added services, from invoicing to asset disposition, to meet our customers’ needs.