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

JUL 28, 2020 - 7:35 am

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

JUL 27, 2020 - 7:09 am

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

JUL 17, 2020 - 7:11 am

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

JUN 25, 2020 - 6:45 am

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

JUN 11, 2020 - 6:20 am

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

JUN 4, 2020 - 6:44 am

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

JUN 2, 2020 - 6:50 am

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

APR 30, 2020 - 6:20 am

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

APR 29, 2020 - 7:00 am

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

APR 21, 2020 - 6:45 am

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

MAR 31, 2020 - 6:30 am

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Nov/Dec 2019

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

JAN 22, 2020 - 6:30 am

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

JAN 17, 2020 - 6:40 am

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

June 2019