Name of company: CIT, a division of First Citizens Bank
Principal of company: Chairman and CEO Frank B. Holding Jr.
Year company was founded: 1898
# of employees: 10,000+
States in which your company operates: 20+
CIT is a division of First Citizens Bank, a top 20 U.S. financial institution by asset size and the largest family-controlled bank in the U.S. In January 2022, parent company First Citizens BancShares, Inc. and CIT Group Inc. merged to create this top bank – bringing more products, more services and more expertise to more markets.
First Citizens Bank has been helping families and businesses make more of their finances for more than 120 years. In addition to community association banking business, our extensive expertise and services include small business and commercial finance, treasury management services, consumer banking, vendor and leasing solutions and wealth management services.
CIT Community Association Banking is dedicated to offering customized technology and smart banking solutions for community association management companies and their homeowner associations. We offer a range of solutions to help manage and grow HOA funds safely and effectively, including higher balances over $250,000. Our products include deposit accounts as well as banking, business and payment solutions like C-PropertyPay, winner of the 2022 FinTech Breakthrough Award for Best B2B Payments Platform.
As a leader in the community association banking industry, we focus on providing individualized service and agile solutions to help community association management companies improve operational efficiency to better serve their homeowner associations and residents. And as part of First Citizens Bank, we continue to build on a history of strong leadership, enduring values and commitment to helping people and businesses prosper by keeping an eye on their long-term success. Taking care of customers — year in, year out — isn’t just our track record. It’s our promise.
Brag About It
Since 2015, we’ve worked with nonprofit Teen Cancer America and The Who’s Roger Daltrey to help open the door to better cancer care for young adults. This mission continues as we partner with local hospitals.