First Citizens Bank rebranded its vendor equipment financing business from CIT Business Capital to First Citizens Bank Equipment Finance. read more

FEB 24, 2023 - 7:32 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

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 appointed Geoff Black to the position of managing director and group head for the lender finance business within its business capital division. Black joined CIT in 2006 and, in his most recent role, he was responsible for originating and growing relationships. read more

APR 12, 2022 - 6:33 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

The industry group within CIT’s equipment finance business provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment. read more

OCT 20, 2021 - 6:25 am

Industry leader Mike Jones, president of Business Capital at CIT, will lead a Master Talk on Servant Leadership: Why Serving First Creates Healthier, Freer and More Autonomous Employees for STRIPES Leadership Program, the professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry in partnership with Monitor. read more

AUG 13, 2021 - 6:42 am

Kyle Surplus joined River Capital Finance as vice president of business development. Surplus has more than 20 years of experience in the equipment finance industry. read more

JUL 14, 2021 - 6:17 am

Northteq and River Capital Finance launched River Capital Connect, River Capital’s new vendor portal designed to simplify the user experience for vendors and help maintain strong lender/vendor relationships. The portal allows vendor partners to quote, apply, check open items and upload documents via self-service. read more

MAR 8, 2021 - 6:33 am

TCF Bank’s middle market team was named a winner of the 2020 Greenwich Excellence Award for U.S. Middle Market Banking in two regional categories: cash management overall satisfaction and likelihood to recommend. read more

FEB 22, 2021 - 6:32 am

Tom Shafer, CEO of TCF, and Mike Jones, COO of TCF, will join Huntington’s executive leadership team following the completion of Huntington’s merger with TCF. Huntington also appointed Donald Dennis to its executive leadership team as chief diversity, equity and inclusion officer and executive vice president of learning and development. read more

FEB 12, 2021 - 6:37 am

River Capital Finance added Connie Schmidt as vice president of business development. Prior to joining River Capital, Schmidt worked for several banking and independent leasing organizations. read more

JAN 28, 2021 - 7:06 am

Mike Jones joined River Capital Finance as senior vice president. Jones has a 30-year history in vendor equipment finance and has experience in leadership and the development of strategic relationships with vendor partners. read more

OCT 30, 2020 - 8:13 am

What does it take to lead one of the top companies in the equipment finance industry? Guest Editor Bill Verhelle sits down with the leaders of several successful Monitor 100 companies to talk about their approaches to leadership and how they are guiding their teams through the COVID-19 pandemic.... read more

Monitor 100 2020

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