CIT Bank Related Content

CIT Bank Enters Into Strategic Partnership with Allstate

CIT Bank announced a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit, will provide revolving and term loan commitments to middle market companies. read more

Macquarie, AMS, CIT Close First Battery Storage Project Financing

Macquarie Capital closed the first non-recourse project financing of battery-based energy storage systems with CIT Bank. read more

CIT Bank Recognized as one of the Best Online Banks

CIT Bank was named one of the Best Online Banks of 2017 in GOBankingRates' fifth annual rankings. The bank was selected for its competitive annual percentage yield and no monthly service fee. read more

Fitch Affirms CIT Group’s Long-Term IDR at ‘BB+’, Outlook Stable

Fitch Ratings affirmed the long- and short-term issuer default ratings for CIT Group and CIT Bank at 'BB+/B' with a stable rating outlook. read more

CIT Supports Goode Partners Acquisition of Forman Mills

CIT served as sole lead arranger for a $35 million senior secured facility to support Goode Partners acquisition of Forman Mills. read more

CIT Bank Provides $100,000 Grant to COR Community Development

OneWest Bank, a division of CIT Bank, provided a $100,000 grant to the COR Community Development, the non-profit of Christ Our Redeemer African Methodist Episcopal Church, located in Irvine, CA. read more

Willis Lease Expands Revolving Credit Facility Up to $1B

Willis Lease Finance expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. read more

GE Closes Financing on Connecticut Energy Center

GE Energy Financial Services and Competitive Power Ventures closed financing on the 785 megawatt CPV Towantic Energy Center in Oxford, CT. read more

CIT Agents $50MM Credit Facility for Superior Biologics

CIT Healthcare Finance served as sole lead arranger and administrative agent for a $50 million senior secured credit facility to Superior Biologics, a specialty pharmacy provider. read more

Santander Arranges Construction Debt to Support Recurrent Solar Project

Canadian Solar subsidiary Recurrent Energy closed on an equity commitment with GE Energy Financial Services for a 75 megawatt solar power project. A related debt facility was arranged by Santander and included Nord/LB, Rabobank, Key Bank and CIT Bank. read more

CIT Announces Senior Management Appointments

Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively. read more

Santander Arranges $260MM Financing for Solar Power Project

Recurrent Energy closed on a tax equity investment commitment with GE Energy Financial for a solar power project. Santander Bank arranged $260 million in financing, along with a five member bank club, to support the project. read more

CIT Bank Names Dominguez to Board of Directors

CIT Bank, the principal bank subsidiary of CIT, announced that Dorene Dominguez has been named to its Board of Directors effective immediately. read more

CIT’s Acquisition of OneWest Bank Approved by Regulators

CIT Group’s $3.4 billion acquisition of OneWest Bank won approval from U.S. regulators after being delayed for almost one year. The merger will result in a combined business called CIT Bank. read more

‘Everyone Looks Good in the Black: Retailers in Economic Rebound’

CIT executives hold roundtable discussion on trends and growth prospects in the apparel, furniture and consumer electronics sectors. read more

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