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

FEB 23, 2017 - 6:28 am

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

NOV 30, 2016 - 6:22 am

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

NOV 1, 2016 - 6:01 am

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

JUN 14, 2016 - 6:15 am

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

APR 22, 2016 - 7:22 am

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

MAR 14, 2016 - 7:00 am

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

MAR 8, 2016 - 7:19 am

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

JAN 6, 2016 - 6:48 am

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

DEC 9, 2015 - 6:55 am

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

NOV 20, 2015 - 7:29 am

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

SEP 11, 2015 - 7:06 am

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

JUL 22, 2015 - 6:33 am

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

FEB 19, 2015 - 7:13 am

CIT Bank said it closed a $750 million equipment lease securitization with a weighted average fixed coupon rate of 1.37%, which represents a weighted average credit spread of 0.57% over benchmark rates for the five classes of notes. read more

DEC 1, 2014 - 7:30 am