A New Venture 1908-1924
1908 First Office
The Commercial Credit & Investment Company opens its first office in St.
Louis, Missouri with three small rooms and three people.
Standing Firm 1925-1945
The Talkies
"The talkies" – the first feature length motion pictures with sound – were
popular around the world in 1927. CIT arranged for RCA to lease their
RCA-Photophone equipment to theaters and "The talkies" blossomed.
Post-War Prosperity 1946-1965
Picker Progress
In 1963 Picker X-ray Corporation, a CIT manufacturing operations, introduced a
major innovation with x-ray video tape recording equipment that enabled
hospitals to recreate fluoroscopic examinations on closed-circuit television.
Adapting To Change 1966-1985
Sale of CIT Building
A year after RCA acquired CIT, CIT sold its landmark, black-granite building at
650 Madison Avenue to the Prudential Insurance Corporation of America for $90
million.
A New Economy 1986-2008
The Toll Collector
In 1999 CIT finds a novel way to fund the state of New Jersey's EZpass highway
toll system – levying a $25 fine on drivers who pass through without paying the
toll.