Is CIT Bank still in business?
CIT is now a division of First Citizens Bank.
We're a leading national bank with a proud history and a vision for the future. We focus on empowering businesses and personal savers with the financial agility to navigate their goals.
What kind of company is CIT?
CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company.
...
CIT Group.
Company logo since 2018 |
Type |
Subsidiary |
Products |
Commercial banking Retail banking Asset-based lending Commercial mortgages Factoring |
Parent |
First Citizens BancShares |
Website |
cit.com |
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Is CIT a good bank?
Its money market account earned CIT a spot on Forbes Advisor's Best Money Market Accounts Of 2021. CIT's long-term CD rates aren't as competitive as their other account options. You may be able to find CDs that earn higher interest rates. Overall, CIT Bank is a great alternative to traditional banking.
Is CIT Bank same as Citibank?
CIT Bank is not Citibank. (Yes, it is a bit confusing.) It's not related to Citigroup at all. Rather, CIT stands for “Commercial Investment Trust” and has its roots in a company founded in 1908.