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August 29, 2015 8:03 PM ET

Banks

Company Overview of CIT Bank

Company Overview

As of August 3, 2015, CIT Bank was acquired by OneWest Bank N.A. CIT Bank provides banking products and services in the United States. The company offers a range of savings accounts, individual retirement accounts, and certificates of deposit. It also provides factoring, receivable management products, and secured financing for apparel, textile, furniture, home furnishing, and consumer electronic industries; and secured loans collateralized by accounts receivable, inventory, machinery and equipment, and intangibles for working capital, plant expansion, acquisitions, and recapitalizations, such as revolving lines of credit and term loans, asset-based loans, and cash flow loans, as well as adv...

2150 South 1300 East

Suite 400

Salt Lake City, UT 84106

United States

Founded in 2000

Phone:

801-412-6800

Key Executives for CIT Bank

CIT Bank does not have any Key Executives recorded.

CIT Bank Key Developments

CIT Bank Launches its RampUp Line of CDs

CIT Bank has launched its RampUp line of CDs. According to the firm, RampUp line of CDs are term CDs offering customers the flexibility to raise their interest rates once during the CD's term should rates go up. RampUp Plus CDs offer another advantage of allowing customers to add funds to their initial deposit one time during the CD's term. RampUp CDs allow customers to boost their rates and RampUp Plus CDs allow them to both boost the rate and bump up the initial deposit all within the CD's term. This new suite of flexible savings products builds on what was formerly known as CIT Bank's Achiever CDs by expanding the range of terms from one-year to four-years.

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