The Board of Directors of CIT Bank, N.A. ("CITBNA" or "Bank") is implementing this Community Reinvestment Act ("CRA") Plan for the four years ending December 31, 2019. The CRA Plan ("Plan") sets forth the Bank's commitments and targets for lending, investment, and community development ("CD") services in its southern California assessment areas ("AAs")
, and an action plan for achieving those goals.
In addition, the Plan details the CITBNA CRA governance structure, describes reporting that will be used to monitor the achievement of Plan goals, and explains the Bank's plans to develop products and services that serve community needs.
1 The Bank's Assessment Area includes the following MSAs / MDs: (1) Los Angeles-Long Beach-Glendale, CA MD (2) Oxnard-Thousand Oaks-Ventura, CA MSA (3) Riverside-San Bernardino-Ontario CA MSA (4) San Diego-Carlsbad, CA MSA (5) Anaheim-Santa Ana-Irvine, CA MD. This Plan may be amended if the Assessment Areas change within the period of time the Plan covers.