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

APR 28, 2022 - 7:08 am

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

APR 25, 2022 - 7:18 am

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

APR 22, 2022 - 7:04 am

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

APR 20, 2022 - 7:20 am

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

APR 14, 2022 - 7:09 am

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

MAR 25, 2022 - 6:38 am

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

MAR 8, 2022 - 6:24 am

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

FEB 3, 2022 - 6:10 am

First Citizens BancShares, parent company of First Citizens Bank, completed its previously announced merger with CIT. read more

JAN 4, 2022 - 6:30 am

A survey from First Citizens Bank found nearly 80% of small business owners are confident or very confident in business growth over the next 12 months, which marks a 9% increase since September 2020 and a return to pre-COVID-19 pandemic levels. read more

MAY 5, 2021 - 6:33 am

According to First Citizens Bank, 66% of small businesses are optimistic about the economic outlook for the next two to three years, which remains on par with sentiment from 2019 (68%). However, small business owners are less confident about the conditions for the next 12 months. read more

DEC 10, 2020 - 7:26 am