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News Stories (27 Results) - CIT Bank

Nebraska Book Company (NBC) entered into a new five-year, asset-based loan facility with CIT Bank. Part of the proceeds will be used to replace its existing credit facility with Callidus Capital Corporation, which will mature in January 2020. The... Read Story
October 02, 2019, 08:55 AM


CIT Group Inc. and Mutual of Omaha (Mutual) announced a definitive agreement for CIT’s banking subsidiary, CIT Bank, N.A., to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion.The purchase price will... Read Story
August 13, 2019, 09:00 AM


CIT Bank, N.A. announced that it has reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. The transaction includes the sale of mortgage servicing rights... Read Story
October 09, 2017, 07:19 AM


Canyon Partners Real Estate LLC announced the acquisition of the leasehold interest in Coronado Palms, a 169-unit apartment community located in Anaheim, California. The transaction was executed through Canyon Multifamily Impact Fund III LLC,, a... Read Story
September 26, 2017, 08:00 AM


Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Lender Finance division was administrative agent and lead arranger of a senior revolver to fund CIT Northbridge Credit LLC.  CIT Northbridge will provide revolving and... Read Story
September 06, 2017, 07:32 AM


CIT Bank appointed Penny Fine as managing director to lead Business Development for CIT Northbridge Credit LLC (CIT Northbridge), effective immediately. In this role, Fine will be responsible for driving the origination efforts for a broad range of... Read Story
August 29, 2017, 08:10 AM


Upland Software, Inc., a provider of cloud-based Enterprise Work Management applications, announced a credit facility with Wells Fargo Capital Finance and CIT Bank, N.A. as joint lead arrangers, and including Goldman Sachs Bank USA, Regions Bank, and... Read Story
August 07, 2017, 07:24 AM


CIT Group Inc. announced that CIT Communications & Technology Finance provided a $20 million delayed-draw term loan (DDTL) to CTI Towers, a wireless tower company. CTI Towers owns 208 towers and manages the Comcast Cable portfolio of 435 towers. The... Read Story
July 14, 2017, 07:34 AM


CIT Bank announced a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit LLC (CIT Northbridge), will provide revolving- and term-loan commitments from $15 million to $100 million to middle-market companies across various... Read Story
July 11, 2017, 07:40 AM


Ygrene Energy Fund, a national provider of residential, commercial and multifamily PACE (property assessed clean energy) financing, announced that it has upsized its warehouse credit line to $410 million. Deutsche Bank, SunTrust Robinson Humphrey... Read Story
April 07, 2017, 07:08 AM


General Finance Corporation, a specialty rental services company offering portable storage, modular space and liquid containment solutions in North America and in the Asia-Pacific region of Australia and New Zealand, announced the amendment and... Read Story
March 29, 2017, 07:15 AM


Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group announced the closing of the first non-recourse project financing of battery-based energy storage systems with CIT Bank. The financing, led by... Read Story
March 28, 2017, 07:17 AM


CIT Group Inc. announced that its Energy Finance business served as sole lead arranger and administrative agent for a $59.8 million construction and tax equity bridge loan and back-levered term loan facility to GCL New Energy Inc., a U.S. solar... Read Story
March 27, 2017, 07:13 AM


Canyon Partners Real Estate (Canyon) announced the launch of Canyon Multifamily Impact Fund III, a new real estate fund in partnership with CIT Bank that continues Canyon's investing in affordable workforce housing.  This Fund is positioned to... Read Story
January 05, 2017, 07:05 AM


sPower, a leading renewable energy provider, announced today the completion of a tax equity investment and syndicated construction and term loan facility totaling $786 million. KeyBanc Capital Markets Inc. acted as Coordinating Lead Arranger for the... Read Story
October 07, 2016, 07:43 AM


The Mohegan Tribal Gaming Authority, or the Authority, the owner of Mohegan Sun in Uncasville, Connecticut, and Mohegan Sun Pocono in Wilkes-Barre, Pennsylvania, announced that it has engaged Citizens Bank, N.A., Merrill Lynch, Pierce, Fenner & Smith... Read Story
September 20, 2016, 07:23 AM


TAB Bank announced the addition of Todd Plumley to its executive management team as Chief Credit Officer.  Plumley will be based out of TAB Bank’s corporate headquarters in Ogden, UT and will oversee all personnel, operations, and functions as it... Read Story
June 28, 2016, 07:30 AM


Vertical Bridge, the largest private owner and manager of wireless communication infrastructure in the U.S., announced it has closed on a $321 million asset-backed securities offering led by Deutsche Bank Securities and Barclays. The issuance, which... Read Story
June 22, 2016, 07:41 AM


Opus Bank announced the formation of its Media and Entertainment Banking division, which is responsible for providing capital financing and banking solutions to clients within the following industry sectors: television, music, digital media... Read Story
March 30, 2016, 07:40 AM


Oxford Finance, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a syndicated senior secured term loan and a revolving line of credit with Chosen Healthcare.  Oxford... Read Story
December 03, 2015, 08:08 AM


CIT Group announced that it provided a $165.5 million senior secured credit facility to The Jordan Company, a middle market private equity firm, to support its acquisition of DiversiTech, a manufacturer and distributor of a wide range of engineered... Read Story
August 10, 2015, 08:25 AM


CIT Group announced that CIT Real Estate Finance provided a $60 million senior secured credit facility to a joint venture between Rockwood Capital and The Muller Company, two real estate investment firms. Financing was provided by CIT Bank, the U.S.... Read Story
August 07, 2014, 07:10 AM


Eureka Hunter Pipeline, LLC, a majority-owned subsidiary of Magnum Hunter Resources Corporation, has closed on a new $117 million senior secured revolving credit facility. The aggregate commitment may be increased in the future to a principal amount... Read Story
April 01, 2014, 07:28 AM


CIT Group announced the appointment of Randall (Randy) Chesler as president of CIT Bank, its U.S. commercial bank subsidiary. He will be based in Salt Lake City, UT, and report to CIT Bank’s Board of Directors. Chesler is currently vice chairman of... Read Story
July 29, 2013, 07:14 AM


CIT Group Inc. announced that it arranged and syndicated a $105 million senior secured credit facility for Nashville-based Hospice Compassus, the nation’s largest private independent provider of hospice services across 14 states. Proceeds of the... Read Story
February 13, 2013, 08:32 AM


CIT Group reported net income of $207 million for the fourth quarter of 2012, improved from $36 million for the year-ago quarter. The current period includes net charges of $83 million related to the redemption of student loan asset-backed securities... Read Story
January 29, 2013, 07:52 AM


CIT Group has agreed to acquire a commercial loan portfolio from Flagstar Bank (FSB), a wholly-owned subsidiary of Flagstar Bancorp, Inc. Under the terms of the agreement, CIT Bank, the U.S. commercial bank subsidiary of CIT, will acquire... Read Story
January 03, 2013, 08:08 AM