CIT

About

CIT is an American financial services company and a subsidiary of First Citizens BancShares. It serves individuals, small businesses, and middle-market companies primarily in North America. CIT offers a wide range of financial products and services aimed at supporting the growth and financial management needs of its customers. The company specializes in commercial finance, providing various lending products such as factoring, cash management, treasury management, and leasing. CIT also offers mortgage financing and Small Business Administration (SBA) loans to assist with business growth and real estate needs. Through its direct bank, CIT Bank, it provides personal banking options, including high-yield savings accounts, money market accounts, and certificates of deposit. CIT targets a diverse customer base, including small businesses, middle-market companies, individual consumers, and rail transport companies needing leasing services for locomotives and railroad cars. Overall, CIT positions itself as a versatile financial partner, dedicated to helping clients achieve their financial goals.