CIT Bank is an Industrial Loan Corporation (ILC) chartered by the state of Utah and regulated by the state of Utah and the FDIC. CIT Bank has a separate, independent Board of Directors and state banking charter that guide its activities. CIT Bank is able to raise deposits to fund its lending activities, generally by issuing CDs through various investment channels. Under the Commercial Lending Program arranged by CIT with CIT Bank, CIT Bank will work with the various commercial finance units within CIT to fund loans into the CIT Bank portfolio via CIT Bank’s deposit generation model.
CIT Bank is FDIC insured.
CUSTOMER SELF-SERVICE
CIT Bank provides customers with CITCustomerEdge for 24/7 access to your account information, payment options, frequently asked questions and other useful features.
