CIT (NYSE: CIT) is a bank holding company with more than $60 billion in financial and leasing assets. For more than 100 years, CIT has provided loan, consulting and leasing services to small and mid-market companies and gained unparalleled industry expertise. Headquartered in New York City, CIT is a Fortune 500 company.
CIT's CIT Bank is a full-service bank based in Utah, governed by the Financial Institutions Department of Utah and the FDIC.
On November 1, 2009, due to the failure of government bailout and debt restructuring, CIT Group, the largest US SME commercial lending institution with a history of 100 years, formally filed for bankruptcy protection.
Rich industry experience
With operations in more than 50 countries, we have extensive expertise in 30 industries. Areas of expertise include:
Corporate Finance is the top 10 leading planning company for small and medium-sized trade-grade loans (less than $150 million) with more than 3,000 customers. Business includes business and industry, communications, media and entertainment, energy, healthcare, investment banking services, and small business loans.
Trade Finance is the leading factoring service company in the United States, with clients from the United States, Canada, Europe and Asia. CIT's factoring services provide funding to thousands of small manufacturers who sell their products to small and large retailers who rely on CIT for cargo flow.
Transportation Finance is the third railroad trainer in the United States with more than 116,000 rail trains. It is also the third largest aircraft financier in the world, with more than 100 commercial airline customers and more than 300 corporate customers.
Supplier Financing is the No. 1 independent leasing company in the United States, serving business end-users ranging from small businesses to Fortune 500 companies with more than 500,000. With a variety of advantages and technology and office equipment to maintain customer relationships, these companies can provide trusted enterprise equipment rentals.
For more than 100 years, he has been dedicated to serving small businesses and mid-market companies.
Since 1908, CIT has continued to succeed by providing customers with three types of funding. We firmly believe that the combination of relationship capital, intellectual capital and financial capital can give our customers unlimited potential.
Relationship Capital: Our employees and long-term relationships with thousands of customers are our greatest asset.
Intellectual Capital: We know that it's not just money that helps our customers grow and succeed. Our knowledge and philosophy, as well as relationship capital and financial capital, ensure customer success.
Financial capital: The funds we provide are critical to the success of our customers.
Our mission at CIT is to grow into a world-class financial services company. Our mission is to promote rapid economic growth and create more development opportunities for businesses and customers around the world. After a hundred years of experience, we provide our clients with innovative financial solutions based on our extensive experience, bringing a wealth of knowledge, expert advice and innovative awareness to our clients.
As we grow, our customers, our groups, and our shareholders will grow with us. We practice our commitment to every customer we serve.
Corporate finance products and services
Our professional team not only understands the financial industry but also your industry - and this will lead your company to success. Our extensive experience in providing corporate finance solutions gives CIT the power to provide the right financing for your business.
Whether you need help improving business cash flow, acquiring new business, refinancing debt or restructuring, CIT Corporate Finance will work with you to meet your immediate and long-term financing needs.
CIT is a leader in factoring and can successfully help companies balance capital expenditures and income. We will work with you to increase cash flow and increase working capital to meet the daily needs of the business.
CIT Transportation Finance works with manufacturers, dealers and brokers to provide you with the widest possible selection of transport vehicles and flexible financing options. Our expertise covers railways and aviation, where we manage a fleet of more than 300 aircraft. .
CIT Vendor Finance provides comprehensive financing services, personalized projects, sales planning support, portfolio purchases, and tax-free municipal financing services to equipment manufacturers, vendors, suppliers and distributors in a variety of industries around the world. .
CIT Bank (CIT Bank)
CIT Bank is chartered by the state of Utah and regulated by the Utah Department of Financial Institutions and the FDIC. CIT Bank has an independent Board of Directors that guides its activities. CIT Bank raises deposits to fund its lending activities, currently by issuing CDs through Various investment channels.
Whether you are an individual or a growing mid-market company, CIT Global Insurance Services can meet all your insurance needs. Our financial security solutions include: consumer protection, property and supplementary insurance, as well as property insurance, casualty insurance and employee benefits insurance for the company.
ERGO is one of the leading insurers in Germany and Europe. It is part of the world's top 500 companies, Munich Reinsurance Group. It operates in more than 30 countries and covers insurance, security and financial services. . The company has a pivotal position in the European insurance market.
Anthem, the second largest medical insurance provider in the US
Address of the city where the headquarters is located:
Chief Executive Officer (CEO) of Indianapolis:
Joseph R. Swedish
United States (U.S.) Number of employees: