Banking Veteran to Lead Growth Initiatives in California

- Roadmap to Achieve 10 Percent Return on Tangible Common Equity (ROTCE) by 2018

Conference Call and Audio Webcast Scheduled for 8:00 AM EDT

Expands Team with Industry Leaders in Originations, Underwriting and Asset Management

- Ellen R. Alemany to Serve as Chairwoman

CIT and the California Fashion Association Release Third “L.A. Area Fashion Industry Profile,” Featuring Inaugural L.A. Apparel Survey

- Ellen R. Alemany Appointed Chief Executive Officer and President of CIT Bank, N.A.