CIT Group Inc. is an American financial holding company founded in 1908 with more than $65 billion in finance and leasing assets. The companys name is an abbreviation of an early corporate name, Commercial Investment Trust. It provides financing and leasing capital to its middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank and BankOnCIT.com, its primary bank subsidiary.