CIT Group Inc. CIT, cit.com, a leading provider of commercial lending and leasing services, today announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump's announced intention to nominate Mnuchin as the next Secretary of the Treasury.
"On behalf of the entire Board, I want to thank Steven for his contributions to CIT," said Ellen R. Alemany, Chairwoman and CEO. "Steven has been a valued member of our Board, and we wish him well in this monumental role."
Vice Admiral John Ryan, USN (Ret.), CIT Lead Director, stated, "We are extremely proud that Steven has been afforded the opportunity to serve our great nation in such a significant capacity. We are grateful for his contributions and wish him well in his position in the administration."
Steven T. Mnuchin said, "I'm honored to have the opportunity to take on this important role and I'm looking forward to helping advance the President-elect's economic priorities. It has been a privilege to serve on the CIT Board of Directors."
About CIT
Founded in 1908, CIT CIT is a financial
holding company with more than $65 billion in assets. Its principal bank
subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more
than $30 billion of deposits and more than $40 billion of assets. It
provides financing, leasing and advisory services principally to
middle-market companies across a wide variety of industries primarily in
North America, and equipment financing and leasing solutions to the
transportation sector. It also offers products and services to consumers
through its Internet bank franchise and a network of retail branches in
Southern California, operating as OneWest Bank, a division of CIT Bank,
N.A. cit.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161202005329/en/
CIT
MEDIA RELATIONS:
Matt Klein, 973-597-2020
Director,
Media Relations
Matt.Klein@cit.com
or
CIT
INVESTOR RELATIONS:
Barbara Callahan, 973-740-5058
Senior
Vice President
Barbara.Callahan@cit.com
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