CIT Bank, National Association

For information concerning OneWest Bank, a division of CIT Bank, a subsidiary of CIT Bank, National Association, please see the OneWest Bank, a division of CIT Bank page here.

Branches

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CIT Bank, National Association Locations

Rates - July 9, 2020

Your current location is: Connecticut, Fairfield

CD RATES APY MIN MAX
3 Mo CD
0.20% $1,000 - Compare
6 Mo CD
0.30% $1,000 - Compare
12 Mo CD
0.50% $1,000 - Compare
18 Mo CD
0.60% $1,000 - Compare
24 Mo CD
0.65% $1,000 - Compare
36 Mo CD
0.70% $1,000 - Compare
48 Mo CD
0.75% $1,000 - Compare
60 Mo CD
0.80% $1,000 - Compare
SAVINGS RATES APY MIN MAX
Savings
0.05% $1,000 $4,999 Compare
MM RATES APY MIN MAX
Money Market
0.15% $1,000 $4,999 Compare
Money Market
0.25% $10,000 $24,999 Compare
Money Market
0.30% $25,000 $49,999 Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA
0.50% $1,000 -
VARIABLE IRA RATES APY MIN MAX
Var IRA
0.05% $1 $999
INT CHECKING RATES APY MIN MAX
Int Ckg
0.01% $1 $999
Int Ckg
0.05% $1,000 $4,999

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58978
Date Established 2009
Assets $ 45.27 billion
Loans $ 28.35 billion
Deposits $ 35.82 billion
Capital $ 5.27 billion

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 2.43 billion
Interest-bearing balances $ 1,483.67 million
Total securities $ 6.05 billion
Federal funds sold and reverse repurchase $ 950.00 million
Net loans and leases $ 28.35 billion
Loan loss allowance $ 455.24 million
Trading account assets $ 179.38 million
Bank premises and fixed assets N.A.
Other real estate owned $ 17.71 million
Goodwill and other intangibles $ 395.32 million
All other assets $ 6.75 billion
     Total Assets $ 40.00 billion

LIABILITIES
Total deposits $ 35.82 billion
      Interest-bearing deposits $ 33.89 billion
      Deposits held in domestic offices $ 35.82 billion
      % insured (estimated) 87.80%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 20.66 million
Other borrowed funds $ 2.55 billion
Subordinated debt $ 300.00 million
All other liabilities $ 1,307.78 millionn
      Total Liabilities $ 40.00 billion
      Shareholders’ Equity $ 5.27 billion

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 1,918.88 million
Total Interest Expense $ 739.97 million
Net interest income $ 1,178.91 million
Provision for loan and lease losses $ 116.18 million
Total non interest income $ 751.30 million
Total non interest expense $ 1,253.05 million
Pre-tax Net Operating Income $ 560.98 million

CIT Bank, National Association is an FDIC insured institution headquartered at 95 South Lake Ave, Pasadena, CA 91103.
It was founded in 2009 and has approximately $45 billion in assets. Customers can open an account at one of its 72 branches.

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