CIT’s power and energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, TX. read more

OCT 30, 2020 - 8:11 am

Ellen R. Alemany, chairwoman and CEO of CIT, received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina's Darla Moore School of Business Center. read more

OCT 8, 2020 - 7:22 am

CIT’s maritime finance business served as sole lead arranger on a $70 million senior secured financing on behalf of International Container Company Holdings Limited. read more

OCT 2, 2020 - 7:33 am

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

SEP 17, 2020 - 7:18 am

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

SEP 9, 2020 - 7:41 am

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

AUG 13, 2020 - 6:49 am

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