CIT and its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. read more

SEP 2, 2022 - 7:18 am

CIT’s healthcare finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane, WA, market region. read more

AUG 18, 2022 - 6:44 am

CIT’s real estate finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties. read more

AUG 17, 2022 - 6:30 am

Diana Jackson joined CIT’s equipment finance-industrial business as a vice president and national business development officer. Prior to joining CIT’s equipment finance-industrial group, Jackson worked as a strategic account manager and regional sales manager for Bidadoo. read more

AUG 16, 2022 - 6:47 am

Ten industry leaders sat down with Monitor to discuss the emerging and necessary changes that will be made in the equipment finance industry and how great leadership can contribute to, respond to and implement those changes.... read more

Monitor 100 2022

CIT, a division of First Citizens Bank, named Kevin Ronan the group head of its capital equipment finance business. Previously, Ronan served as national sales director for CIT’s capital equipment finance business’ direct and indirect sales channels. read more

AUG 5, 2022 - 7:11 am

CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel. read more

AUG 4, 2022 - 7:14 am

CIT’s power and energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California. read more

AUG 3, 2022 - 7:06 am

CIT, a division of First Citizens Bank, provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, FL. read more

AUG 2, 2022 - 7:20 am

CIT named Randy Lederman a managing director for business development activities across the Northeast for CIT Northbridge Credit. Based in New York, Lederman will be responsible for sourcing new asset-based loan opportunities from $15 million to $150 million. read more

JUL 27, 2022 - 7:24 am

CIT’s power and energy business arranged $88 million in financing for a 173-megawatt standalone merchant battery storage facility in Texas. Siemens Financial Services participated as joint lead arranger in the financing. read more

JUL 21, 2022 - 7:26 am

First Citizens Bank completed its conversion of OneWest Bank to First Citizens’ operations and systems division. This conversion integrates OneWest Bank customer accounts into First Citizens products and services. read more

JUL 19, 2022 - 7:20 am

CIT’s Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. read more

JUL 13, 2022 - 7:26 am

Saxum Real Estate closed on a $17 million construction loan from CIT, a division of First Citizens Bank, for the financing of two industrial developments in Hazleton, PA. read more

JUN 15, 2022 - 7:29 am

CIT’s maritime finance business increased its financing of Crowley, a global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This financing applies to multiple Crowley vessels. read more

JUN 9, 2022 - 7:22 am