CIT Related Content

CIT Leads $85MM Financing for 80-Megawatt Pioneer Solar Project

CIT Group’s Power and Energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver. read more

CIT Northbridge Credit Participates in $60MM Financing for Stock+Field

CIT Northbridge Credit provided $40 million of a $60 million senior secured credit facility for Stock+Field, a farm, home and outdoor retailer. read more

CIT Serves as Agent on $185MM Credit Facility for Orscheln Farm and Home

The CIT Group Asset-Based Lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home. read more

CIT Leads $225MM Credit Facility for 8minute Solar Energy

CIT’s Power and Energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy. read more

CIT Invests $3MM in LISC San Diego Neighborhood Catalyst Fund

CIT invested $3 million in the Local Initiatives Support Corporation of San Diego’s Neighborhood Catalyst Fund to help create 1,350 affordable housing units. read more

CIT Collaborates with Fintainium to Provide Fintech Payments Solution

CIT and Fintainium will provide an integrated payments and financial workflow management solution to meet the needs of small and mid-size businesses. read more

CIT Reports Q1/20 Loss of $628MM, Stable Net Revenue of $496MM

CIT reported a Q1/20 loss of $628 million, compared to net income of $119 million in Q1/19. Q1/20 net revenue of $496 million was up 6% from $466 million in Q1/19. read more

CIT Announces Community Support for those Affected by COVID-19

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. read more

CIT Named a Best Place to Work for LGBTQ Equality

CIT received a 100% score on the Human Rights Campaign Foundation's 2020 Corporate Equality Index, a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. read more

CIT Names Navatto Commercial Services Business Development Officer

CIT Group hired Calvin Navatto as a business development officer in its Commercial Services business. read more

Monitor 100: The Best of the Best: How Did They Do It?

Appearing in the Monitor 100 ranking is an achievement, but only the most successful companies in the industry make it to the top of the list. Guest Editor Bill Verhelle sat down with the leaders of six top companies to discuss the strategies they use to maintain dominance in such a complex and competitive marketplace. ... read more

Harnisch Succeeds Hudak as Commercial Finance President at CIT

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

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

Kaplan Joins CIT Northbridge in Business Development Role

CIT announced the appointment of Elijah Kaplan to lead CIT Northbridge Credit business development efforts across the Northeast. read more

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