CIT Bank

CIT Bank

The CIT Group Retirement Plan was established in 1990 to serve eligible employees of CIT Group Inc. The plan operates as a defined-benefit vehicle under the parent financial services firm, now affiliated with First Citizens BancShares following the 2022 merger. Assets include direct ownership of mixed-use and commercial properties such as South Bank Tower, Lancer Square, Regents Crescent, and 8 Eaton Lane in London, plus a U.S. medical office portfolio spanning Virginia, Georgia, Arizona, and Texas. The plan has also held interests in aircraft leasing fleets and European railcar assets through prior CIT Group operations. The plan reports $321 million in assets. It maintains a community benefits initiative focused on affordable housing and small business support in the United States, with partnerships including LISC and the National Community Reinvestment Coalition. No operational events from the last 24 months appear in available records. The plan functions as an internal retirement vehicle rather than an external allocator, with investment activity tied to the legacy real estate and specialty finance holdings of CIT Group Inc.