CIT Commercial Services Related Content

CIT Commercial Services Names Norman Senior Portfolio and Relationship Manager

First Citizens Bank’s CIT Commercial Services subsidiary named Don Norman as a vice president and senior portfolio and relationship manager in its western region. Norman will be responsible for managing a portfolio of clients while consistently supporting the company’s overall growth. read more

First Citizens Bank Completes $6.5MM Credit Facility for Home Furnishings Importer

First Citizens Bank’s CIT Commercial Services subsidiary completed a $6.5 million credit facility for a California-based home furnishings and apparel importer. read more

First Citizens Bank Makes Leadership Promotions for CIT Commercial Services

First Citizens Bank promoted Marc Heller to vice chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and Michael Hudgens to president of CIT Commercial Services with full responsibility for the day-to-day operation of the business. read more

CIT Commercial Services Appoints New Chief Strategy Officer

CIT Commercial Services appointed Tom Fingleton chief strategy officer. Fingleton was previously Northeast regional manager, a role that will now be filled by Amna Mahmood, who was formerly national underwriting manager. Daniel Goll will replace Mahmood.  read more

CIT Closes $8MM Factoring Facility for Los Angeles-Based Apparel Company

CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers. read more

CIT Closes on $50MM Factoring Facility with West Coast Consumer Tech Firm

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm. read more

CIT Commercial Services Closes $75MM Factoring Facility with Consumer Products Wholesaler

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $75 million factoring facility on behalf of a consumer products wholesaler. read more

CIT Increases Lending Facility for Fashion Company to $100MM

CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel. read more

CIT Supply Chain Finance Unit Expands Capabilities

CIT Group’s Supply Chain Finance unit, part of its Commercial Services division, is expanding its capabilities, including the implementation of a new cloud-based supply chain finance platform. read more

CIT Names Adelson Managing Director of Commercial Services Team

Marc Adelson joined CIT Group’s Commercial Services business as managing director and Northeast regional manager. read more

CIT Commercial Appoints Western Regional Sales/Portfolio Manager

CIT Commercial Services appointed Darrin Beer as western regional sales and portfolio manager. Beer has served with CIT since 1999 when it acquired the factoring portfolio of Heller Financial. read more

CIT Appoints Heller President of Commercial Services

CIT announced the appointment of Marc Heller as president of CIT Commercial Services following the retirement of current president Jon Lucas. read more

CIT Appoints Barone NE Regional Sales Manager, Commercial Services

CIT Group appointed Louis Barone as managing director and Northeast regional sales manager of CIT Commercial Services, a leading provider of factoring services in the United States. 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

CIT Launches New Mobile App

CIT Commercial Services launched a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System to iPhone and iPad devices. read more

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