CIT - CIT Group Inc.

NYSE - NYSE Delayed Price. Currency in USD

CIT Group Inc.

11 West 42nd Street
New York, NY 10036
United States
212-461-5200
http://www.cit.com

SectorFinancial Services
IndustryBanks—Regional
Full Time Employees3,609

Key Executives

NameTitlePayExercisedYear Born
Ms. Ellen R. AlemanyChairwoman & CEO3.21MN/A1956
Mr. John J. FawcettExec. VP & CFO1.91MN/A1959
Ms. Denise M. MenellyExec. VP & Head of Technology and Operations1.4MN/A1962
Mr. Steven SolkPres of Consumer Banking1.2MN/A1955
Ms. Alla WhitstonChief Technology OfficerN/AN/AN/A
Amounts are as of December 31, 2018 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.

Description

CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.

Corporate Governance

CIT Group Inc.’s ISS Governance QualityScore as of December 4, 2019 is 5. The pillar scores are Audit: 3; Board: 4; Shareholder Rights: 3; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.