CIT’s healthcare finance unit provided a $25 million loan supporting Seavest Healthcare Properties' acquisition of the MLK Community Hospital Medical Office Building in Los Angeles. read more

JUL 30, 2020 - 7:22 am

CIT named Mike Jones president of Business Capital, replacing Steve Solk who will focus on Consumer Banking. Jeff Lytle was named president of Rail, replacing George Cashman who will retire. read more

JAN 25, 2018 - 6:54 am

CIT Bank made a $2.5 million Class A equity investment in the Clearinghouse Community Development Financial Institution, the largest such investment in Clearinghouse CDFI's 20-year history. read more

AUG 23, 2017 - 6:31 am

CIT Bank was named one of the Best Online Banks of 2017 in GOBankingRates' fifth annual rankings. The bank was selected for its competitive annual percentage yield and no monthly service fee. read more

FEB 23, 2017 - 6:28 am

CIT Group appointed Steve Solk as president of CIT Consumer Banking and president, California, effective immediately. This is in addition to his current responsibilities as president of CIT Business Capital. read more

DEC 1, 2016 - 6:53 am

CIT Group launched a mid-cap restaurant franchise finance practice to complement its large and small restaurant franchise financing businesses. read more

JUN 16, 2016 - 6:50 am

Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively. read more

DEC 9, 2015 - 6:55 am