Banks | CIT Bank, National Association

CIT Bank, National Association

Our records indicate that this bank has been acquired by First-Citizens Bank & Trust Company.


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 $49 billion in assets. Customers can open an account at one of its 72 branches.

Deposit Rates - April 25, 2024

CD RATES APY MIN
6 Mo CD
0.30% $10,000 Compare
6 Mo CD
0.30% $100,000 Compare
12 Mo CD
0.50% $10,000 Compare
12 Mo CD
0.50% $100,000 Compare
18 Mo CD
0.60% $10,000 Compare
18 Mo CD
0.60% $100,000 Compare
24 Mo CD
0.65% $10,000 Compare
24 Mo CD
0.65% $100,000 Compare
36 Mo CD
0.70% $10,000 Compare
36 Mo CD
0.70% $100,000 Compare
48 Mo CD
0.75% $10,000 Compare
48 Mo CD
0.75% $100,000 Compare
60 Mo CD
0.80% $10,000 Compare
60 Mo CD
0.80% $100,000 Compare
MM RATES APY MIN
Money Market
0.15% $2,500 Compare
Money Market
0.25% $10,000 Compare
Money Market
0.30% $25,000 Compare
VARIABLE IRA RATES APY MIN
Var IRA
0.05% $1
INT CHECKING RATES APY MIN
Int Ckg
0.01% $1
Int Ckg
0.05% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58978
Date Established 2009
Assets $ 48.72 billion
Loans $ 29.73 billion
Deposits $ 40.21 billion
Capital $ 5.37 billion

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 2.80 billion
Interest-bearing balances $ 2.69 billion
Total securities $ 6.58 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 29.73 billion
Loan loss allowance $ 702.67 million
Trading account assets $ 220.48 million
Bank premises and fixed assets N.A.
Other real estate owned $ 7.24 million
Goodwill and other intangibles $ 105.13 million
All other assets $ 7.89 billion
     Total Assets $ 42.19 billion

LIABILITIES
Total deposits $ 40.21 billion
      Interest-bearing deposits $ 36.34 billion
      Deposits held in domestic offices $ 40.21 billion
      % insured (estimated) 80.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 77.44 million
Other borrowed funds $ 329.70 million
Subordinated debt $ 300.00 million
All other liabilities $ 1,267.15 millionn
      Total Liabilities $ 42.19 billion
      Shareholders’ Equity $ 6.53 billion

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 1,427.57 million
Total Interest Expense $ 232.46 million
Net interest income $ 1,195.11 million
Provision for loan and lease losses N.A.
Total non interest income $ 918.02 million
Total non interest expense $ 1,315.21 million
Pre-tax Net Operating Income $ 1,081.09 million

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