CIT Group

CIT Group
Company typeSubsidiary
IndustryBanking
Financial services
Founded1908; 116 years ago (1908) in St. Louis, Missouri
FounderHenry Ittleson
Headquarters11 West 42nd Street,
New York, New York, USA
Area served
North America
Key people
Ellen Alemany
(Chairwoman & CEO)
John Fawcett
(CFO)
Robert Rubino
(President of CIT Bank)
ProductsCommercial banking
Retail banking
Asset-based lending
Commercial mortgages
Factoring Locomotive leasing
ParentFirst Citizens BancShares
Websitecit.com
Two CEFX switching locomotives
Logo of CIT Bank
Logo of CIT Bank
Salmon Tower Building: CIT Group's Headquarters in New York City

CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, leasing, and advisory services principally to individuals, middle-market companies and small businesses, primarily in North America. Under the reporting mark CEFX, it leases locomotives and railroad cars to rail transport and shipping companies in North America. It also operates a direct bank. In January 2022, CIT was acquired by First Citizens BancShares.