CIT Group Related Content

CIT Names Vernède as Managing Director for Defense and Government Services

Eduard Vernède joined CIT Group as managing director in its Aerospace, Defense & Government Services business. Vernède will focus on lending activity to serve the multibillion-dollar government and defense contractor industry, as well as supporting the aerospace segment. read more

FDIC Approves Proposed Merger of First Citizens and CIT

The Federal Deposit Insurance Corporation approved the proposed merger of First Citizens BancShares, the parent company of First Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank. read more

CIT Provides $18.5MM Loan for Acquisition of Singing River Cancer Center

CIT Group’s healthcare finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center by Cypress West Partners. read more

CIT Provides Financing Package for Commercial Finance Company

CIT Group’s asset-based lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million for a commercial finance company serving government contractors. read more

CIT Named a Best Place to Work for LGBTQ Equality by Human Rights Campaign Foundation

CIT Group received a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index for the second year in a row. The index is a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. read more

CIT Donates 2 Million Meals to Fight Hunger

CIT Group’s annual partnership with Feeding America helped provide 2 million meals to people in need this holiday season. With the support of its customers, employees and followers, CIT brought awareness to the pressing issue of food insecurity across the country. read more

First Citizens and CIT to Merge

First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank, will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets. read more

CIT Provides $20MM Credit Facility for Protech Home Medical

CIT Group’s healthcare finance group provided a $20 million senior secured credit facility for Protech Home Medical, a home medical equipment industry focused on end-to-end respiratory care. read more

CIT Completes Sale of Wealth Management Business to FirstSun Capital Bancorp

FirstSun Capital Bancorp, through its subsidiary Sunflower Bank, acquired CIT’s trust and wealth advisory business, effective Sept. 1. read more

CIT Leads $266MM Financing for Prospero 2 Solar Project

CIT Group's Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy’s 331-megawatt Prospero 2 solar project in Andrews County, Texas. read more

CIT Leads $162MM Financing for Texas Solar Plant

CIT Group’s power and energy unit served as sole lead arranger on a $162 million financing for the East Blackland solar project in Travis County, TX. read more

CIT Serves as Sole Lead Arranger on $28MM Maritime Financing

CIT Group’s Maritime Finance business, part of its Commercial Finance division, served as sole lead arranger on $28 million refinancing for Valloeby Shipping. read more

CIT Arranges $185MM Financing for Community Solar Portfolio

CIT Group’s Power and Energy business served as lead arranger for approximately $185 million in financing for a 66-megawatt portfolio of community solar projects. read more

CIT Supports Homeless Families in LA with Grant to Upward Bound House

CIT Group made a donation that will completely furnish 10 temporary housing apartments for Upward Bound House, an organization working to eliminate homelessness among families with children in Los Angeles. read more

CIT Provides $25MM Financing for MLK Community Hospital Medical Office Building

CIT’s healthcare finance unit provided a $25 million loan supporting Seavest Healthcare Properties' acquisition of the MLK Community Hospital Medical Office Building in Los Angeles. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

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.
www.abfjournal.com