CIT Group is a financial holding company headquartered in Pasadena, California. The firm provides financing, leasing and advisory services principally to middle-market companies in North America, and equipment financing and leasing solutions to the transportation sector. CIT operates through three segments, namely, commercial banking, transportation finance, and consumer and community banking. CIT specializes in a variety of financing, leasing and advisory products and services including secured lines of credit, insurance services, debt restructuring, and acquisition and expansion financing among others. The firm was founded in 1908.