Cit

By James 2026-05-12 22:52:42

3(1846 votes)

Cit. During the war, CIT offered its 2,000 employees a month's bonus, life insurance, and a guaranteed job on return if they served in the. Ittleson died at age 77 on October 27, 1948. In 1960, Walter Lundell succeeded Dietz as president of the company.

In 1969, CIT entered the personal and home equity loan and leasing business and left auto financing. In 1979, restrictive banking rules forced CIT to sell its bank, National Bank of North America. CIT was acquired by in 1980.

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