CIT Group Incorporated

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CIT Group Incorporated is a leading commercial and consumer finance company, providing clients with financing and leasing products and advisory services. CIT Group's global headquarters is in New York City and corporate offices are in Livingston, New Jersey. CIT has approximately 7,000 employees in locations throughout North America, Europe, Latin and South America, and the Pacific Rim.

Founded in 1908, CIT has nearly $65 billion in assets under management. CIT offers financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries. CIT is a Fortune 500 company and a component of the S&P 500 Index.

Clients range from homeowners to small businesses to many of the worlds' largest and most respected multinational corporations. CIT does business with more than 80% of the Fortune 1000. Its near-century of growth and broad market leadership has been fueled by a balanced credit and risk management culture, product and portfolio diversification and specialization, an experienced corporate management team, and an unyielding focus on meeting our clients needs.

CIT's Commercial Finance business offers clients a wide range of secured lending, leasing and factoring products including direct loans and leases, operating leases, leveraged and single investor leases, secured revolving lines of credit and term loans, credit protection, accounts receivable collection, import and export financing, debtor-in-possession and turnaround financing, and acquisition and expansion financing. Commercial Finance also includes Investment Banking Advisory services including M&A advisory services, cash flow products, syndication and securitization, commercial real estate.

CIT's Specialty Finance (consumer) business consists of home lending, student loans, vendor financing, small business loans, small/mid ticket product leasing and global insurance services.

CIT was acquired and operated by Tyco International Ltd. Following the publicity of Tyco's corporate scandals and ultimately the indictment and removal of Tyco CEO, L. Dennis Koszlowski, CIT was carved out as an independent company.