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CIT Group Inc. (NYSE: CIT) is
a United States bank holding company founded in 1908 with more than $33
billion in finance and leasing assets. The company's name is an abbreviation
of an early corporate name, Commercial Investment Trust. It provides
financing and leasing capital to its small business and middle market
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 global vendor finance.
CIT also operates CIT Bank (Member FDIC), BankOnCIT.com, its primary bank
subsidiary, which offers a suite of online savings options designed to help
customers achieve a range of financial goals. Each CIT business has
industry alignment and focuses on specific sectors, products and markets,
with portfolios diversified by client and geography.
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