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    CIT Group Inc. (CIT)

    34.57 Up 0.04(0.12%) Apr 29, 4:01PM EDT
    |After Hours : 34.57 0.00 (0.00%) Apr 29, 4:35PM EDT
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    CIT Group Inc.
    One CIT Drive
    Livingston, NJ 07039
    United States - Map
    Phone: 973-740-5000
    Website: http://www.cit.com

    Index Membership:N/A
    Industry:Credit Services
    Full Time Employees:4,900

    Business Summary 

    CIT Group Inc. operates as the holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. Its North America Banking segment provides lending and deposit products, such as checking, savings, certificates of deposit, residential mortgage loans, and investment advisory services, as well as cash management and advisory services; and senior secured loans, revolving lines of credit, term loans, and asset-based loans. It also provides financing services; originates small business administration loans; and senior secured commercial real estate loans. In addition, it offers factoring and receivable management products; leasing and equipment financing solutions; and private banking services. The company’s Transportation & International Finance segment offers leasing and financing solutions, such as aircraft leasing, lending, asset management, and advisory services to airlines; and term loans, leases, pre-delivery financing, fractional share financing, and vendor/manufacturer financing for corporate and private owners of business jets. This segment also provides senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels. Its Legacy Consumer Mortgages segment offers a portfolio of single-family residential mortgage loans and reverse mortgage loans. The company’s Corporate and Other segment provides investments and other unallocated items, such as amortization of intangible assets. CIT Group Inc. also offers acquisition and expansion financing, insurance, credit protection, letters of credit/trade acceptances, merger and acquisition advisory services, debt restructuring, debt underwriting and syndication, and online banking services. The company offers its services through 70 branches located in southern California, as well as through other offices worldwide. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

    Key Statistics

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    Corporate Governance 
    CIT Group Inc.’s ISS Governance QuickScore as of Apr 1, 2016 is 1. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 2; Compensation: 2.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Ms. Ellen R. Alemany , 60
    Chief Exec. Officer, Director, Member of Regulatory Compliance Committee, Chairman of CIT Bank NA, Chief Exec. Officer of CIT Bank NA and Pres of CIT Bank NA
    Ms. Carol Hayles , 55
    Chief Financial Officer and Exec. VP
    Mr. C. Jeffrey Knittel , 57
    Pres of CIT Transportation & International Fin.
    Mr. James L. Hudak , 52
    Pres of CIT Commercial Fin.
    Ms. Stacey Goodman , 53
    Chief Information & Operations Officer and Exec. VP
    Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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