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About CIT Bank:
Would you believe that they have been around since 1908? It’s true. They are a member of the Federal Deposit Insurance Corporation (FDIC), which means that your accounts are insured up to $250,000. The bank manages around $50 Billion in assets in total.
The bank provides financing and other financial services for small businesses mainly, but they now offer services direct to consumers through their online website. They also have a retail presence, with a a chain of banks in Southern California under their ‘OneWest Bank’ brand.
The Types of Products They Offer:
Like we mentioned above, they are primarily focused on commercial activities, so they provide leasing, financing and other services for middle-market sectors. They are also involved in commercial real estate, providing loans to commercial real estate developers.
The company also provides equipment financing and loans for small businesses through it’s online Direct Capital platform.
CIT’s Services For Consumers:
If you’re here, it means you’re likely a consumer that wants to save money opening up a new account or … Read the rest