CIT Group Related Content

OneWest Bank Launches Promotion to Support Local Small Businesses

OneWest Bank launched a new small business banking promotion in which customers can earn up to $600 by opening a checking account, savings account and by financing equipment for their business. read more

CIT Names Robbins President of Asset Management

Philip Robbins joined CIT Group as the president of Asset Management and Capital Markets. Robbins will also serve on the company’s Executive Management Committee. read more

CIT Arranges $60MM Financing for Partners Pharmacy

CIT Group’s Healthcare Finance unit served as sole lead arranger on a $60 million senior secured credit facility for Partners Pharmacy. read more

CIT to Acquire Mutual of Omaha Bank

CIT Group and Mutual of Omaha signed a definitive agreement for CIT Bank to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. read more

CIT Arranges $60MM Financing for CRG

CIT Group served as sole lead arranger on a $60 million financing for Carolina Restaurant Group, an operator of 108 Wendy’s restaurant franchises across North Carolina and South Carolina. read more

CIT Names Former BofA Regional Exec Its Small Biz Managing Director

Ken Martin joined CIT Group as managing director of the Small Business Solutions unit, which is part of the Business Capital division. read more

CIT Northbridge Agents $100MM Revolver for Hornbeck Offshore Services

CIT Northbridge Credit served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services. read more

CIT Sees $9MM Increase in Non-Interest Income in Q2/2019

CIT Group reported its financial results for the second quarter of 2019. Q2 net income available to common shareholders was $128 million or $1.33 per diluted common share. read more

CIT Leads $204.5MM Financing for Texas Solar Project

CIT Group’s Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm. read more

CIT Expands Asset Management Capabilities

CIT Group expanded its investment management and advisory capabilities to provide increased capacity and flexibility to finance private equity sponsor-owned middle market companies across a diverse range of industry sectors. read more

CIT Agents $135MM Helicopter Facility for LCI

Helicopter lessor Lease Corporation International closed a new asset-backed helicopter facility in excess of $135 million with a syndicate of five banks led by CIT Group as agent. read more

CIT Names Gifas Head of Treasury Services

James J. Gifas joined CIT Group as the head of Treasury Services and will serve on CIT’s Executive Management Committee. read more

Duke Energy CA Solar Project Now Online with Support from M&T, Others

Duke Energy Renewables’ 150-megawatt North Rosamond solar project has begun commercial operation. M&T Bank's Commercial Equipment Finance Group, among others, previously provided tax equity financing for the project. read more

Gizzard Joins CIT Government Services Business as Managing Director

Leslie Grizzard joined CIT Group in Washington, D.C. as managing director of the Aerospace, Defense & Government Services business. read more

CIT Arranges $416MM Financing for Longroad Solar Project

CIT Group’s Power & Energy business served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy’s 379-megawatt Prospero solar facility in Texas. read more

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