CIT Related Content

Bankable Assets: Bank-Owned Equipment Finance Companies Contend with Shifting 2018

As bank-owned equipment finance companies continue to dominate the industry, they must deal with the changing times. Executives from PNC, CIT, Key and Regions offer their views on 2017 and 2018 performance, tax reform, alternative financing, technology and credit quality in the current marketplace.... read more

CIT Adds Cha to Communications & Technology Finance Team

CIT Group added Jason Cha to its Communications & Technology Finance team in its Commercial Finance division. Cha began his career with the Leveraged Finance group at Lehman Brothers/Barclays Capital. read more

CIT Provides $79MM for Onyx Renewable Partners

CIT Commercial Finance's Energy Finance unit served as sole lead arranger and administrative agent for approximately $79 million in financing for Onyx Renewable Partners. read more

CIT’s Point-of-Sale Platform Named Best Small Business Lending Solution

CIT’s point-of-sale digital platform was named the winner of FinTech Breakthrough’s "Best Small Business Lending Solution" award. read more

CIT Provides Nearly $36MM in Financing to Nordic Solar

CIT’s Commercial Finance division's Energy Finance unit served as sole lead arranger and administrative agent for about $36 million in financing for Nordic Solar, a developer and owner of solar energy facilities. read more

CIT Names McAvoy Corporate Treasurer

CIT Group named Sarah L. F. McAvoy to the corporate treasurer position, effective March 19. read more

CIT Adds to Sales Team in Office Imaging

CIT announced three additions to its Equipment Finance division’s Office Imaging sales team. read more

CIT Provides $175MM to Durable Medical Equipment Distributor

CIT Healthcare Finance provided a $175 million senior secured credit facility to QMES, a distributor of durable medical equipment to patients in seven Mid-Atlantic and Northeastern states. read more

Top Five Office Equipment Lenders Account for 65.2% of December Total

The top 20 lenders in the segment, in the aggregate, filed financing statements covering a total of 3,015 office equipment related filings during the month of December 2017. read more

CIT Adds Three Members to Restaurant Franchise Finance Team

Greg Burns rejoined CIT as SVP of Underwriting for the Restaurant Franchise Finance team. Chris Capecci and Matt Ensley were added to the group as well. read more

CIT Names Jones to Lead Business Capital, Lytle to Lead Rail

CIT named Mike Jones president of Business Capital, replacing Steve Solk who will focus on Consumer Banking. Jeff Lytle was named president of Rail, replacing George Cashman who will retire. read more

CIT Supports White Oak in $550MM Transaction with GECAS

White Oak Global Advisors completed a $550 million transaction with GE Capital Aviation Services to buy and immediately lease back 20 wide body aircraft engines. CIT served as financing partner in the transaction. read more

CIT’s OneWest Named Best Bank in California

OneWest Bank, CIT’s Southern California branch bank, was named the best bank in California on MONEY’s Best Banks in America. For the second consecutive year, OneWest was recognized as a top regional bank. read more

CIT Adds Edwards, Houck to Expand Equipment Finance Division

CIT Group made two appointments to its Equipment Finance division in support of industrial market segment growth, with Mike Edwards and Jennifer Houck joining the company. read more

Avolon Doubles Scale of Business with CIT Acquisition

International aircraft leasing company Avolon said the completion of the acquisition of the aircraft leasing business of CIT for $10.4 billion doubled the scale of its business. read more

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