First Citizens Bank is extending its brand to cover numerous commercial business verticals that previously fell under its CIT division, including nearly all of the businesses within CIT’s commercial finance group. read more

OCT 3, 2023 - 6:59 am

First Citizens Bank’s healthcare finance business, which is part of the CIT division, provided a loan to refinance American House St. Petersburg, a senior living community in St. Petersburg, FL. read more

AUG 16, 2023 - 6:29 am

First Citizens Bank’s healthcare finance business provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on-campus medical office building in Silver Spring, MD. read more

AUG 1, 2023 - 6:50 am

First Citizens Bank’s real estate finance business provided $42.2 million in financing to a joint venture between National Resources and Great Point Media for the development of a new entertainment production facility located in Yonkers, NY.  read more

JUL 14, 2023 - 7:08 am

First Citizens Bank’s maritime finance group, part of the CIT division, completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. read more

JUN 21, 2023 - 6:58 am

First Citizens Bank’s asset-based lending group, part of the CIT division, provided a revolving credit facility to Signature Brands, a Ocala, FL-based provider of dessert decoration and seasonal celebration products. read more

JUN 7, 2023 - 7:00 am

First Citizens Bank named Jim Hudak president of its CIT Commercial Finance group. Hudak has more than 20 years of experience as a commercial finance executive and previously oversaw CIT’s commercial finance businesses from 2008 to 2019. read more

JUN 6, 2023 - 7:03 am

First Citizens Bank’s healthcare finance group, part of the CIT division, provided $30 million to refinance the Amavida Living Community in Fort Myers, FL. read more

MAY 18, 2023 - 6:41 am

First Citizens Bank celebrated its 125th year in business on March 1. The company will recognize the milestone throughout the year. read more

MAR 2, 2023 - 7:13 am

First Citizens Bank’s maritime finance business, part of the bank’s CIT division, served as sole lead arranger on $44.2 million in debt financing secured by product tankers for Navios Maritime Partners, which will use proceeds from the financing to refinance existing debt. read more

JAN 19, 2023 - 6:58 am

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS. read more

DEC 15, 2022 - 7:40 am

The asset-based lending business of CIT, a division of First Citizens Bank, provided a $35 million revolving credit facility to Utopia Deals. read more

DEC 9, 2022 - 7:12 am

NineDot Energy, a developer of community-scale clean energy projects, closed on a new $85 million construction-to-term debt facility. Provided by CIT and SMBC, the facility supports the construction and operation of 11 battery storage sites. read more

DEC 8, 2022 - 7:29 am

CIT’s healthcare finance division served as lead arranger of $135.6 million in financing for Superior Biologics. read more

DEC 2, 2022 - 7:21 am

CIT’s real estate finance business provided $34 million in financing for a joint venture between i.Park and Great Point Media for the development of Lionsgate Warburton Studios, an entertainment production facility in Yonkers, NY. read more

NOV 21, 2022 - 7:16 am