CIT Bank - M&A Summary and Business Overview

Financial ServicesCompany

CIT Bank M&A Summary

CIT Bank has acquired 1 company.

CIT Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

CIT Bank Business Overview

Where is CIT Bank headquartered?

CIT Bank is headquartered in Salt Lake City, Utah.

What sector is CIT Bank in?

CIT Bank is a financial services company.

When was CIT Bank founded?

CIT Bank was founded in 2000.

M&A Summary

M&A Total Activity1
- M&A Buy Activity1
Total Sectors Invested 1
Total Countries Invested 1

CIT Bank

2180 South 1300 East, Suite 400,
Salt Lake City, Utah 84106
United States,
(801)412-6800

CIT Bank (Member FDIC, Equal Housing Lender) is the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE:CIT). It provides lending and leasing to the small business, middle market and transportation sectors. CIT Bank (BankOnCIT.com) offers a variety of savings options designed to help customers achieve their financial goals.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	1	-	-	-	-	-	1
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								1

Most Recent M&A

Company	Date	Value	Type
Direct Capital Corp.	2014-08-04	-	Add-on Acquisition
Portsmouth, New Hampshire · www.directcapital.com
View All >>

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Financial Services		1 (100%)	-	-	-
Total		1	-	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		1	-	-	-
	New Hampshire	1	-	-	-
Total		1	-	-	-

Company Summary

SECTOR

Financial Services

Established

2000

Subsidiary of

CIT

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CIT Bank - M&A Summary and Business Overview

Financial ServicesCompany