Exhibit 99.1
FOR IMMEDIATE RELEASE
CIT NAMES SHEILA A. STAMPS TO BOARD OF DIRECTORS
NEW YORK – February 19, 2014 –CIT Group Inc. (NYSE: CIT)cit.com, a leading provider of financing and advisory services to small businesses and middle market companies, today announced that Sheila A. Stampshas been named to CIT’sBoard of Directors effective immediately. She will serve as a member of CIT’s Risk Management and Regulatory Compliance Committees.
Stampsserved as Executive Vice President of Corporate Strategy and Investor Relations at Dreambuilder Investments, LLC, a private mortgage investment company. Prior to Dreambuilder Investments, she served as Director of Pension Investments and Cash Management at the New York State Common Retirement Fund and was a Fellow at the Weatherhead Center for International Affairs at Harvard University. Prior to this, Stamps served as Managing Director and Head of Relationship Management, Financial Institutions at FleetBoston Financial. Before this, she held a number of executive positions with Bank One Corporation and First Chicago Corporation including Managing Director and Head of European Asset-Backed Securitization and Managing Director and Senior Originator of Asset-Backed Securitization.
Shereceived her MBA from the University of Chicago and her BS in Management Sciences from Duke University.
EDITOR’S NOTE:
View CIT’s corporate overview video (cit.com/corporatevideo) and CIT Perspectives (cit.com/perspectives), which showcase our insights and ability to put our knowledge to work for the small business, middle market and transportation sectors. Follow us onTwitter,LinkedIn,YouTube andFacebook or register to receive press releases atcit.com/newsalerts.
About CIT
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions inmiddle market lending,factoring,retail andequipment finance, as well as aerospace,equipment andrail leasing. CIT operatesCIT Bank (Member FDIC), its primary bank subsidiary, which, through its Internet bankBankOnCIT.com, offers a suite of savings options designed to help customers achieve a range of financial goals.cit.com
###
CIT MEDIA RELATIONS:
C. Curtis Ritter
Director of Corporate Communications
(973) 740-5390
Curt.Ritter@cit.com
Matt Klein
VP, Media Relations
973-597-2020
Matt.Klein@cit.com
CIT INVESTOR RELATIONS:
Barbara Callahan
Head of Investor Relations
(973) 740-5058
Barbara.Callahan@cit.com