Exhibit 99.1
FOR IMMEDIATE RELEASE
CIT ANNOUNCES TERMINATION OF WRITTEN AGREEMENT BY
THE FEDERAL RESERVE BANK OF NEW YORK
NEW YORK – May 30, 2013 –CIT Group Inc. (NYSE: CIT)cit.com, aleading provider of financing and advisory services to small businesses and middle market companies, today announced that itreceived notice from the Federal Reserve Bank of New York (the FRBNY) that the Written Agreement, dated August 12, 2009, between CIT and the FRBNY has been terminated effectively immediately.
About CIT
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35billion in financing and leasing assets. It provides financing and leasing capital and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions insmall business andmiddlemarket lending,factoring,retail finance,aerospace,equipmentandrail leasing, andvendor finance.CIT also operatesCIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bankBankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals.cit.com
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CIT MEDIA RELATIONS:
C. Curtis Ritter
Director of Corporate Communications
(973) 740-5390
Curt.Ritter@cit.com
Matt Klein
Vice President, Media Relations
(973) 597-2020
Matt.Klein@cit.com
CIT INVESTOR RELATIONS:
Ken Brause
Executive Vice President
(212) 771-9650
Ken.Brause@cit.com
