First Citizens Bank Related Content

Transformational Leadership: How and Why Good Leadership Applies Directly to Important Changes in the Equipment Finance Industry

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

CIT Names Ronan Group Head of Capital Equipment Finance Business

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

CIT Increases Lending Facility for Fashion Company to $100MM

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

First Citizens Bank Completes Conversion of OneWest Bank

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

CIT Adds Dalton as Managing Director for Real Estate Finance Group

CIT, a division of First Citizens Bank, added Ted Dalton as a managing director for its real estate finance group. Dalton is based in New York and will operate as a senior relationship manager. read more

CIT Increases Financing for Polsteam Group by $10MM

CIT’s maritime finance business increased its financing for Polska Zegluga Morska Capital Group (Polsteam Group) by $10 million through a secondary purchase. The loan increases CIT’s total financing commitment to the client by about 50%. read more

First Citizens Provides $50MM LOC to Morningstar Properties Affiliate

First Citizens Bank’s middle-market banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, an investor in and operator of self-storage facilities. read more

CIT Wins 2022 FinTech Breakthrough Award for Best B2B Payments Platform

CIT’s community association banking group won the Best B2B Payments Platform award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. read more

ELFA: New Business Volume in Equipment Finance Rises 14% Y/Y in March

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

CIT Northbridge Provides $145MM Credit Facility to Natural Gas Compression Systems

CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems. read more

First Citizens Adds Stanley to Middle-Market Banking Business

First Citizens Bank hired Linda Stanley as a relationship manager for its middle-market banking business. In this role, Stanley will be responsible for developing, maintaining and expanding client and prospect relationships in the middle-market financing sector. read more

CIT Provides $37.2MM in Financing to Aminim Group for Distribution Facility

CIT’s real estate finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh. read more

CIT Launches New Golf and Turf Equipment Leasing and Financing Vertical

CIT, a division of First Citizens Bank, launched a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment. Shawn Foy will lead the new vertical. read more

CIT Reorganizes Structure of Factoring Business

CIT reorganized its commercial services factoring business, with Marc Heller, president of CIT commercial services, now reporting directly to Peter Bristow, president of First Citizens Bank, and Michael Hudgens now leading commercial services as managing director and group head. read more

CIT Provides $35MM Credit Facility to D.P. Nicoli

CIT served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli, a provider of trench shoring rental equipment to public utilities, municipalities and contractors in California, Oregon, Washington and Idaho. read more

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