David Harnisch joined CIT Group as president of Commercial Finance. Harnisch will succeed Jim Hudak, who is retiring after a 20-year career at CIT, effective September 3, 2019. read more
AUG 27, 2019 - 6:45 am
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
AUG 22, 2019 - 6:20 am
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
AUG 21, 2019 - 6:45 am
CIT Group’s Healthcare Finance unit served as sole lead arranger on a $60 million senior secured credit facility for Partners Pharmacy. read more
AUG 16, 2019 - 6:45 am
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
AUG 13, 2019 - 6:55 am
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
AUG 7, 2019 - 6:25 am
Ken Martin joined CIT Group as managing director of the Small Business Solutions unit, which is part of the Business Capital division. read more
AUG 6, 2019 - 6:55 am
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
AUG 1, 2019 - 6:55 am
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
JUL 25, 2019 - 6:55 am
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
JUL 24, 2019 - 6:40 am
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
JUL 23, 2019 - 6:55 am
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
JUL 18, 2019 - 6:40 am
James J. Gifas joined CIT Group as the head of Treasury Services and will serve on CIT’s Executive Management Committee. read more
JUL 9, 2019 - 6:50 am
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
JUN 20, 2019 - 6:35 am
Leslie Grizzard joined CIT Group in Washington, D.C. as managing director of the Aerospace, Defense & Government Services business. read more
JUN 11, 2019 - 6:52 am