Merger Acquisitions CIT Bank has been actively acquiring banks like Guaranty Bank and Silicon Valley Bank, presenting sales opportunities to cross-sell existing products and services to the new customer base acquired through these mergers.
Industry Expertise Expansion CIT's recent investments in healthcare assets and development projects like Regents Crescent showcase a commitment to diversifying their portfolio, creating opportunities for selling financial solutions tailored to specific industries.
Key Personnel Appointment The appointment of Kevin Ronan as the group head of Capital Equipment Finance business at CIT indicates a focus on strengthening key business areas, potentially opening avenues for sales collaboration and partnerships within the equipment finance sector.
Financial Capacity With revenues between $100 million to $1 billion and a funding amount of $1.2 billion, CIT Bank's financial stability presents an opportunity for sales representatives to pursue higher-value deals and financial products with confidence.
Competitive Landscape Assessment By analyzing similar companies like SoFi, Quicken Loans, and Rocket Mortgage, sales professionals can gain insights into the competitive landscape and position CIT Bank's unique value propositions effectively to win over customers in a crowded market.
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227$50M$100M
5K$1B
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10K$1B
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1.4K$1B
5K$1BCIT Bank uses 8 technology products and services including MATLAB, SiteCatalyst, AppDynamics, and more. Explore CIT Bank's tech stack below.
| CIT Bank Email Formats | Percentage |
| First.Last@cit.com | 96% |
| FirstLast@cit.com | 2% |
| FLast@cit.com | 1% |
| First.L@cit.com | 1% |
BankingCalifornia, United States1001-5000 Employees
An innovative digital bank with one goal: to help you earn more and grow your savings. A division of First Citizens Bank, Member FDIC. As America’s largest family-controlled bank, First Citizens is continuing a unique legacy of strength, stability and long-term thinking that has spanned generations. Learn more at cit.com/firstcitizens.
Company Overview
Funding & FinancialsCIT Bank has raised a total of $1.2B of funding over 8 rounds. Their latest funding round was raised on Jan 13, 2021 in the amount of $69Mas a financing.
CIT Bank's revenue is in the range of $100M$1B
Funding & FinancialsCIT Bank has raised a total of $1.2B of funding over 8 rounds. Their latest funding round was raised on Jan 13, 2021 in the amount of $69Mas a financing.
CIT Bank's revenue is in the range of $100M$1B
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