Posted on May 16, 2013
CIT Bank
2180 S 1300 East, Suite 250
Salt Lake City, UT 84106
Visit CIT Bank Website
General Bank Information
FDIC Insured Yes
FDIC Certificate # 35575
Date Established 2000
CIT Bank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2000 and has approximately $12.23 billion in assets. Customers can open an account via one of its 1 branches.
CIT Bank Financial Size
| Assets | $12.23 billion |
| Loans | $7.94 billion |
| Deposits | $9.62 billion |
| Capital | $2.44 billion |
For a more detailed analysis of CIT Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Bank Loan Profile?
| % Loans |
% Comparison to Other Banks |
|||
| Low | Med | High | ||
| 1-4 Family Residential Loans | 0.00 | ✓ | ||
| Multifamily Mortgages |
1.54 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.13 | ✓ | ||
| Construction and Development Loans | 1.13 | ✓ | ||
| Commercial Real Estate | 7.25 | ✓ | ||
| Commercial and Industrial Loans | 72.89 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
The top three loan types in CIT Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.
Compared to other banks in Utah, CIT Bank has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double
categorization of some loan types. All data from the FDIC.
Additional information about this table.
