Recent Acquisitions CIT Bank has made significant acquisitions recently, including Silicon Valley Bank and Guaranty Bank. These acquisitions open up potential sales opportunities to cross-sell banking products and services to the newly acquired customer base.
Expansion in Healthcare Finance CIT's investment in medical office buildings in Bakersfield, California, showcases their focus on healthcare finance. This presents a sales opportunity for healthcare-related financial products and services to medical professionals and organizations in the healthcare sector.
Appointment of Group Head The hiring of Kevin Ronan as the group head of Capital Equipment Finance business indicates a strategic move by CIT to strengthen this area. Sales professionals can leverage this new appointment to target businesses seeking capital equipment financing solutions.
Technology-enhanced Developments CIT's development of amenities for the luxurious Regents Crescent Development, including a cinema, presents opportunities to offer technology solutions for residential facilities. Sales teams can propose smart home technologies, entertainment systems, and automation services.
Strategic Acquisition History First Citizens Bank's acquisition of CIT and CIT Bank demonstrates a history of strategic acquisitions in the banking sector. This history can provide insights into potential sales opportunities arising from future acquisitions and integrations within the organization.
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$1BCIT Bank uses 8 technology products and services including Splunk Enterprise, theTradeDesk, Hotjar, 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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