Cit

By James 2026-05-08 06:21:26

3(1846 votes)

Cit. 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. RCA promptly sold CIT's four manufacturing businesses: Picker X-Ray, Inc. The Madison Avenue building was sold in 1982 as the company moved to a newly constructed headquarters facility in in 1983.

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