Company Information

Get to know CIT Bank

Originally founded in 1908 as Commercial Investment Trust (CIT), the company grew into a significant commercial lending and financing institution. After a post-financial crisis restructuring, it established CIT Bank as a national online bank. In January 2022, CIT Group Inc. was acquired by and merged with First-Citizens Bank & Trust Company. Today, the CIT Bank brand operates as a key division of First Citizens Bank, focusing on providing digital-first banking services to consumers nationwide, including savings accounts, money market accounts, and certificates of deposit (CDs), alongside its legacy of commercial financing.

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Financial BankingPRIMARY
Financial Other Service

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CIT Bank

United States

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.