CIT, a division of First Citizens Bank, added Ted Dalton as a managing director for its real estate finance group. Dalton is based in New York and will operate as a senior relationship manager. Dalton will drive new business development and offer construction, bridge and permanent loan solutions. Dalton will report to Chris Niederpruem, managing director and group head for real estate finance at CIT.

Dalton is moving over from People’s United Bank, which recently completed its merger with M&T Bank. Dalton was a senior vice president and senior relationship manager at People’s United Bank with responsibility for originating and growing client relationships throughout the New York market since 2016. Previously, Dalton worked in similar roles at BNY Mellon, Anglo Irish Bank and Scotiabank.