About CIT
CIT is a Financial Services company based in New York (United States) founded in 1908, and was acquired by First Citizens Bank in October 2020. Provider of commercial equipment financing services. The company has 794 employees. CIT has completed 5 acquisitions, including Direct Capital, IMB Holdco and Mutual of Omaha. Its website cit.com draws about 3.4 million monthly visits. Its focus areas include Asset Finance, Machinery and Equipment and Diversified. Its competitors include CSI Leasing, Cat Financial and Hginc.
Company details
Founded in 1908 and headquartered in New York, United States, CIT Group operates in the commercial financing sector. Asset-based debt solutions, equipment and rolling stock leasing, and real estate financing are extended to industries including aerospace, defense, communications, technology, consumer goods, energy, health care, and rail. Consumer banking is handled through CIT Bank. Annual revenues of 3.1 billion were reported in 2020, accompanied by a net loss of 615.3 million.
- Headquarters New York, United States
- Employees 794
- Stage Acquired
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website cit.com
- Social LinkedIn X Facebook
- Acquired by First Citizens Bank (Oct 2020)
- Annual Revenue$1.62 B (USD)-27as on Dec 31, 2020
- Net Profit-$615.3 M (USD)-216as on Dec 31, 2020
- EBITDA$327.4 M (USD)6as on Dec 31, 2020
- Investors
- Employee Count794
- Investments & AcquisitionsDirect Capital
& 4 more
- Acquired byFirst Citizens Bank
(Oct 2020)
Investors in CIT
CIT has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include First Citizens Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are provided to individuals and businesses. | 1898 | firstcitizens.com | Raleigh, United States |
Investor details for CIT
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People of CIT
228 people are tracked at CIT (126 in leadership, 10 in board & advisors, 92 in team); the tracked headcount is 794.
| Name | Role | Group |
|---|---|---|
Ben Pagliaro | Managing Director | Leadership |
Michael Shannon | VP - Senior Portfolio Manager | Leadership |
Thomas Thomasian | Vice President East Region Sales Manager | Leadership |
Barbara Grant | Vp, Access Management Governance | Leadership |
Diane Bryan | Vp, Regulatory Reporting | Leadership |
James Vogltanz | Director, Operations | Leadership |
John Gorst | Vice President, Sales - Railcar Leasing | Leadership |
Gabriel Pineda | Vice President Sales | Leadership |
Jerry Hudgins | Director Of Client Services | Leadership |
Ari Bezjian | Assistant Vice President | Leadership |
Catherine Cloake | Director HR Operations | Leadership |
Yira Alarcon | VP RM Governance & Controls | Leadership |
Joerg Obermueller | Managing Director - Supply Chain Finance | Leadership |
Chris Corinaldi | Director Of Automated Decision Solutions | Leadership |
Stacey Indresano | Assistant Vice President, Corporate Services | Leadership |
Mike Noonan | VP IT Manager; Receivables Systems | Leadership |
Gina Dimasi Alladin | Vice President Capital Equipment Finance | Leadership |
Chris Webb | Managing Director, Chief Sales Officer | Leadership |
Jeff Halstead | Director Of Mechanical | Leadership |
Scott Husted | Svp, Chief Credit Officer- Consumer Finance | Leadership |
208 more people are available in the full profile.
Complete people profiles for CIT
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Investments & Acquisitions by CIT
CIT has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Direct Capital, IMB Holdco and Mutual of Omaha.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Insurance and financial services are provided across the United States. | mutualofomaha.com | Omaha, United States | 2010 | Jan 2020 | $1B | |
Commercial banking services including loans and deposits are provided. | mutualofomahabank.com | Omaha, United States | 1985 | Aug 2019 | $1B | |
Commercial banking services are provided to businesses and individuals. | owb.com | Pasadena, United States | 2009 | Aug 2015 | $3.4B | |
Commercial bank | imbholdco.tcc.mode | 0 | Aug 2015 | $3.4B | ||
Equipment and working capital financing is extended to small businesses. | directcapital.com | Portsmouth, United States | 1993 | Jun 2014 | •••• |
Complete acquisition details for CIT
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Timeline of CIT
8 dated milestones of CIT across 112 years, from founding to its latest funding, stage changes and deals.
- Founded CIT is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Direct Capital.
- Acquisition Acquires OWB.
- Acquisition Acquires IMB Holdco.
- Acquisition Acquires Mutual of Omaha Bank.
- Acquisition Acquires Mutual of Omaha.
- Exit Acquired by First Citizens Bank.
Competitors of CIT
CIT has 3 listed competitors in our database. They include CSI Leasing, Cat Financial and Hginc.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| csileasing.com | 1972 | St. Louis, United States | Financing and leasing for machinery and equipment are provided globally. | |||
| catfinancial.com | 1981 | Nashville, United States | Caterpillar's asset financing arm | |||
| hginc.com | 1983 | San Diego, United States | 75 | Financial asset liquidation, valuations, and advisory services are provided. |
Detailed competitors of CIT
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Web traffic of CIT
The website of CIT (cit.com) receives about 3.4M visits a month and ranks #20,233 among all websites worldwide, #1,296 in Finance.
- Monthly visits3.4M
▼ 7% vs previous month
- Unique visitors1.9M
per month
- Global rank#20,233
among all websites
- Category rank#1,296
Finance · Finance
- Bounce rate63%
- Pages per visit1.7
- Average visit1 min 47 sec
- DevicesDesktop 24% · Mobile 76%
Websites whose visitors overlap most with CIT. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| nerdwallet.com | 100% | 22.3M | #2,677 | View details | |
| depositaccounts.com | 92% | 341.4K | #160,458 | View details | |
| breadfinancial.com | 90% | 1.6M | #31,305 | View details | |
doctorofcredit.com | doctorofcredit.com | 88% | #11,591 | – | |
| bankrate.com | 84% | 10.4M | #5,762 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CIT
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Top companies in Asset Finance
3 companies that operate in the same segment as CIT (Asset Finance) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Aircraft leasing services are provided to airlines worldwide. | 2010 | Los Angeles, California, United States | USD 1.39 B | USD 2.57 B | 165 | |
Railcar leasing services are provided to rail industry clients worldwide. | 1898 | Chicago, Illinois, United States | USD 1.74 B | 2,150 | ||
Loan transitions are facilitated between lending partners and institutional investors. | 2016 | New York, New York, United States | USD 146.3 M | USD 1.26 B | 553 |
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Related news about Cit
Complete news archive for CIT
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Frequently Asked Questions about CIT
CIT was founded in 1908.
CIT is headquartered in New York, United States. It is registered at New York, New York, United States.
CIT has 794 employees.
Annual revenue of CIT is $1.62B as on Dec 31, 2020.
Founded in 1908 and headquartered in New York, United States, CIT Group operates in the commercial financing sector. Asset-based debt solutions, equipment and rolling stock leasing, and real estate financing are extended to industries including aerospace, defense, communications, technology, consumer goods, energy, health care, and rail. Consumer banking is handled through CIT Bank. Annual revenues of 3.1 billion were reported in 2020, accompanied by a net loss of 615.3 million.
CIT's top competitors include Cat Financial, CSI Leasing and Hginc.
CIT has made 5 acquisitions, including Direct Capital, IMB Holdco, and Mutual of Omaha.
CIT has 1 investor. Key investors include First Citizens Bank.
Yes. CIT was acquired by First Citizens Bank in October 2020.
The website of CIT receives about 3.4 million visits a month and ranks #20,233 among all websites worldwide.