CIT Related Content

CIT: COVID-19 Pandemic Highlights Value of Tech and Talent Investment for Business

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining tech-savvy workforces, according to a new survey conducted by The Harris Poll for CIT. read more

CIT Named Top Lead Arranger for Renewable Energy Financing

CIT’s power and energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a publication covering the energy project finance industry. read more

Kraheck Retires from M&T Bank After 40-Year Career

After 40 years of new business development in the equipment finance and leasing industry in the Greater Philadelphia area, Eric Kraheck retired. Most recently, Kraheck served at M&T Bank for almost nine years. read more

CIT Donates to The Arc of the Bay on Equipment Finance Customer Recommendation

CIT made a donation to The Arc of the Bay, a nonprofit organization based in Lynn Haven, FL, that provides support and opportunities for adults with disabilities. This community need was identified by a CIT equipment financing customer as part of CIT's Acts of Caring initiative. read more

CIT Donates 30,000 Meals to Southern Nevada Food Bank

CIT Group donated 30,000 meals to those in need through Three Square Food Bank, a Southern Nevada food bank and the area's largest hunger-relief organization. The donation was part of CIT’s Acts of Caring initiative. read more

CIT Leads $126MM Financing for 108-Megawatt Solar Project

CIT’s power and energy unit arranged $126 million in financing for the 108-megawatt direct current Trent River Solar project on behalf of Pine Gate Renewables. read more

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

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