July 26, 2016 2:29 PM ET

Banks

Company Overview of CIT Bank, National Association

Company Overview

CIT Bank, National Association provides a suite of banking products and services to individual or business needs. Its personal banking products and services include personal, premium, and OneAccount checking accounts; personal savings, premium money market, and green savings accounts; custom term certificates of deposit (CDs) and online CDs; credit cards; jumbo loans, adjustable-rate mortgage, and fixed-rate mortgage; and homme refinancing services. The company’s business banking products and services include checking accounts, money market savings accounts, and business CDs; account management, collections, disbursement, and managing risks; and SBA 7(a), SBA 504, and owner-occupied commerci...

888 East Walnut Street

Pasadena, CA 91101

United States

Founded in 2009

Phone:

626-535-4300

Fax:

626-229-1891

Key Executives for CIT Bank, National Association

Chairman, Chief Executive Officer, President and Chief Executive Officer of CIT Group Inc
Age: 60
Principal Accounting Officer, Executive Vice President and Corporate Controller
Age: 52
Executive Vice President and Head of Retail Banking
Executive Vice President and Head of Financial Services Group
Age: 59
Chief Credit Officer
Compensation as of Fiscal Year 2016.

CIT Bank, National Association Key Developments

CIT Bank, N.A. Announces Management Changes

On December 8, 2015, CIT Group Inc. announced that, in connection with a reorganization of management, Joseph Otting, President and Chief Executive Officer of CIT Bank, N.A., Nelson Chai, Vice Chairman of CIT Bank, will cease to be officers of the company, effective immediately. CIT announced that the board of directors appointed Ellen R. Alemany as Chief Executive Officer and President of CIT Bank, effective immediately. Previously, Ms. Alemany was appointed as Vice Chairman of CIT on October 19, 2015 and was designated by the Board to succeed John A. Thain as Chief Executive Officer of the company and Chairman of the Board of Directors of CIT Bank, N.A., effective April 1, 2016. The board also appointed Robert C. Rowe as Chief Risk Officer of CIT Bank. Mr. Rowe has served as Executive Vice President and Chief Credit Officer of CIT since June 2, 2010. Prior to CIT, Mr. Rowe served as Senior Credit Officer – Commercial Banking of FirstMerit Bank from September 2009 to May 2010.

CIT Group Announces Appointment of Ed Sperling as Executive Vice President, Corporate Controller for Company and CIT Bank N.A

CIT Group Inc. announced the appointment of Ed Sperling as Executive Vice President, Corporate Controller for CIT Group Inc. and CIT Bank N.A. He will report directly to Chief Financial Officer Carol Hayles. Sperling will serve as the Company's Principal Accounting Officer and will be responsible for managing the Controller's organization, including SEC and regulatory reporting. Prior to being named to this position, Sperling was a Senior Vice President and Deputy Controller. Sperling has held numerous leadership roles at CIT in Corporate Accounting, Internal Audit, Credit, Financial Planning & Analysis, Investor Relations, Technology and Treasury.

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