CIT Bank Related Content

Top Five Office Equipment Lenders Account for 65.4% of November Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 3,981 new office equipment related filings during the month of November 2017. read more

CIT Pays $29.9MM to Settle Mortgage Servicing Rights Case

CIT agreed to a settlement of $29.9 million to resolve claims that it failed to meet its contractual obligations to indemnify Ocwen Loan Servicing for losses allegedly suffered from mortgage servicing errors. read more

Top Five Lenders Account for 54% of New Equipment Filings in September

According to a recent Industry Insight Report Published by EDA, Kubota Credit USA, John Deere Industrial Credit, U.S. Bank Equipment Finance, Xerox Financial and Caterpillar Financial Services accounted for almost 54% of the total financings for new equipment during the month of September. read more

CIT Agrees to Sell Financial Freedom and Reverse Mortgage Portfolio

CIT Bank reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. read more

CIT Bank Invests $2.5MM in Clearinghouse CDFI

CIT Bank made a $2.5 million Class A equity investment in the Clearinghouse Community Development Financial Institution, the largest such investment in Clearinghouse CDFI's 20-year history. read more

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

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.