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

AUG 22, 2023 - 6:19 am

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

JUN 8, 2023 - 7:07 am

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

MAY 9, 2023 - 7:20 am

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

FEB 16, 2023 - 7:13 am

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

OCT 13, 2022 - 6:57 am

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

AUG 12, 2022 - 7:24 am

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

AUG 4, 2022 - 7:14 am

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

OCT 22, 2019 - 6:45 am

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

OCT 6, 2017 - 7:35 am

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

AUG 12, 2016 - 8:18 am

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

JAN 7, 2016 - 7:12 am

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

SEP 28, 2015 - 7:45 am

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 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

JAN 8, 2015 - 12:19 am