CIT Group, also known as CIT Bank, is a financial holding company that provides banking and related services to small and middle-market businesses in the United States. The company's headquarters is located in New York City, United States. CIT Group was founded in 1908 as Commercial Credit and Investment Company.

Over the years, it went through several name changes and acquisitions before becoming CIT Group in 2002. Throughout its history, CIT Group has been involved in numerous industries such as transportation, healthcare, energy, and technology, offering financing and advisory services to its clients. The main products and services offered by CIT Group include commercial lending, equipment financing, real estate financing, and small business administration loans.

The company serves a wide range of industries, including aerospace, automotive, construction, manufacturing, and retail. CIT Group operates on a global scale with subsidiaries, joint ventures, and partnerships in several countries. Notably, the company has a strong presence in Canada through its subsidiary, CIT Northbridge, which offers asset-based lending and factoring services.

In terms of market position, CIT Group is considered one of the leading providers of commercial lending and leasing services in the United States. It competes with other financial institutions such as Bank of America, Wells Fargo, and JPMorgan Chase. While the company has faced some challenges in the past, it has been steadily growing its business and expanding its client base.

In recent years, CIT Group has focused on strengthening its digital banking capabilities and enhancing its customer experience. The company launched CIT Bank, its online banking division, to provide convenient and accessible banking services to its customers. This move has helped the company attract a larger customer base and stay competitive in the digital banking landscape.

Currently, CIT Group continues to be a prominent player in the financial services industry, serving small and middle-market businesses across the United States. As of the latest known information, the company remains committed to innovation and growth, seeking opportunities to expand its product offerings and improve its customer relationships