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<ul>
  <li>CIT Group was a leading provider of financing and leasing solutions to middle-market businesses, with a history spanning over a century before its acquisition by First Citizens BancShares in January 2022.</li>
  <li>Under the leadership of CEO Ellen Alemany starting in 2016, the company underwent a significant strategic transformation, de-risking its business by divesting non-core international and aircraft leasing operations while strengthening its funding profile by growing its online bank and acquiring Mutual of Omaha Bank.</li>
  <li>The merger with First Citizens created a top 20 U.S. financial institution, combining CIT's national commercial lending expertise and direct banking platform with First Citizens' retail banking franchise and lower-cost deposit base.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  CIT Group was a leading provider of financing and leasing solutions to middle-market businesses, with a history spanning over a century before its acquisition by First Citizens BancShares in January 2022.
  Under the leadership of CEO Ellen Alemany starting in 2016, the company underwent a significant strategic transformation, de-risking its business by divesting non-core international and aircraft leasing operations while strengthening its funding profile by growing its online bank and acquiring Mutual of Omaha Bank.
  The merger with First Citizens created a top 20 U.S. financial institution, combining CIT's national commercial lending expertise and direct banking platform with First Citizens' retail banking franchise and lower-cost deposit base.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Cit Group Inc (CIT US) - Aug 2026

United States

CIT Group Inc. operates as a holding company. The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. CIT Group operates globally.

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Primer: Cit Group Inc (CIT US) - Aug 2026

CIT Group was a leading provider of financing and leasing solutions to middle-market businesses, with a history spanning over a century before...

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