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News Stories (40 Results) - CIT Group

CIT Group Inc. announced its Capital Equipment Finance business has named Rob Bolo as Director for the Southeast region.Bolo will be based in Charlotte, NC, and will cover North Carolina, South Carolina, Tennessee, Alabama, Georgia, Florida, Virginia... view press release
December 05, 2019, 09:00 AM


CIT Group Inc. announced the start of the second annual One Million Meals campaign in partnership with Feeding America to fight hunger this holiday season. Customers, employees and social media followers are invited to join in donating One Million... view press release
November 21, 2019, 08:00 AM


More than one in three small business executives (37%) plan to invest even more in their businesses during the next 12 months compared to the past 12 months, according to a new survey conducted by The Harris Poll1 and sponsored by CIT Group Inc. ... view press release
November 19, 2019, 09:00 AM


Fitch Ratings has upgraded CIT Group Inc.'s (CIT) and CIT Bank, N.A.'s (CIT Bank) Long-Term Issuer Default Ratings (IDRs) and to 'BBB-' from 'BB+'. The Viability Ratings (VRs) for both entities were also upgraded to 'bbb-' from 'bb+'. The Rating... view press release
November 13, 2019, 08:00 AM


CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. Concurrent with... view press release
July 23, 2019, 09:00 AM


CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles.   Building... view press release
May 03, 2019, 09:15 AM


CIT Group Inc. announced that its Healthcare Finance unit arranged $14.8 million in financing for the acquisition of Greenville Medical Tower in Dallas, TX.The financing was arranged on behalf of a joint venture managed by Catalyst Healthcare Real... view press release
April 15, 2019, 08:00 AM


CIT Bank, CIT Group's national online bank, announced it has been selected as winner of the Best Personal Finance Company award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the... view press release
April 04, 2019, 08:00 AM


CIT Group announced it will donate one and a half million meals this holiday season in partnership with Feeding America®, exceeding the original goal of its One Million Meals campaign by 50 percent. "Thank you to the customers, followers and... view press release
December 21, 2018, 07:15 AM


CIT Group Inc. announced the appointment of Jerry Younts to its Commercial Services team as a senior business development officer.According to a story originally published at Textile World, Younts will be responsible for offering factoring and... view press release
March 02, 2018, 08:01 AM


CIT Group reported a fourth quarter net loss to common shareholders of $98 million or $0.74 per diluted common share, compared to a net loss to common shareholders of $1.1 billion or $5.65 per diluted common share for the year-ago quarter.  Loss from... view press release
January 30, 2018, 07:30 AM


Nancy J. Foster plans to join RMA November 28, 2017 and will be appointed President and CEO of The Risk Management Association (RMA), effective January 1, 2018. The announcement was made today by Robert R. Messer, RMA Chair.Foster had been Executive... view press release
October 05, 2017, 07:00 AM


CIT Group Inc. announced that its Direct Capital business, known for its proprietary online lending platform and market-leading customer service, has provided more than $4 billion in equipment financing and working capital loans since its inception... view press release
May 05, 2017, 07:00 AM


CIT Group announced that CIT Equipment Finance made two key appointments designed to further grow CIT’s Office Imaging dealer relationships in the Southeast and Midwest regions of the United States. The new executives will report to David Gerrard... view press release
November 10, 2016, 07:50 AM


CIT Group Inc., a leading provider of commercial lending and leasing services, announced that it has completed the sale of its Canadian equipment finance and corporate finance businesses (CIT Canada), with assets of approximately US $700 million, to... view press release
October 04, 2016, 07:29 AM


The retail industry is going through a form of evolution, maybe even a revolution. E-commerce has changed the way retailers sell, so that the major brick-and-mortar companies are looking at their individual stores, potentially closing what they... view press release
July 08, 2016, 08:03 AM


CIT Group Inc. announced the appointment of Denise M. Menelly as Executive Vice President and Head of Technology and Operations, effective June 29. Raymond Matsumoto, Executive Vice President and Chief Administrative Officer, will serve as the Head... view press release
May 04, 2016, 08:00 AM


Cathay Bank announces the appointment of Kelly Wu as Executive Vice President, Corporate Banking Division.Pin Tai, President of Cathay Bank, said, "We are delighted to welcome Kelly to the Cathay Bank family and are confident that his proven... view press release
April 14, 2016, 08:05 AM


Prime Clerk, a leading bankruptcy claims and noticing agent, is pleased to announce the continued expansion of its senior leadership team, including recognized experts in the restructuring industry, Abigail Lerner and David Sharp. Abigail Lerner... view press release
March 28, 2016, 08:04 AM


CIT Group announced that CIT Healthcare Finance served as Sole Lead Arranger and Administrative Agent for a $50 million senior secured credit facility to Superior Biologics, a leading home infusion and specialty pharmacy provider offering services to... view press release
March 08, 2016, 08:01 AM


Despite the explosion of big data throughout Corporate America, middle market executives are judging the state of the economy based on personal experience and observation more than economic indicators. Approximately three in five executives say the... view press release
October 30, 2015, 07:52 AM


Growth in the U.S. furniture industry continues to outpace the U.S. economy, due in large part to strong performances in bedroom and dining room furnishing sales. While housing continues to improve and discretionary spending increases, the sector... view press release
October 16, 2015, 07:36 AM


CIT Group Inc. has received approval from the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and all required state regulators to acquire OneWest Bank and its parent company IMB Holdco LLC. The transaction is expected to... view press release
July 22, 2015, 07:27 AM


Capital One announced it successfully completed the syndication of a $180 million senior loan, which will be used to convert 180 Water Street, an office building in New York’s Financial District, into multifamily apartments.  Capital One, serving as... view press release
July 16, 2015, 07:11 AM


CIT Group Inc., a leading provider of commercial lending and leasing services, announced that it served as lead arranger and administrative agent for a senior secured credit facility for Winchester Electronics Corp. (Winchester), a portfolio company... view press release
January 07, 2015, 07:16 AM


CIT Group Inc.  announced that it acted as administrative agent, joint lead arranger, and joint bookrunner for credit facilities supporting Audax Private Equity, a middle-market private equity firm, in its acquisition of Wheel Pros, a leading... view press release
August 21, 2014, 08:04 AM


CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. announced that it has completed its acquisition of Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses.“We are very... view press release
August 05, 2014, 07:32 AM


CIT Group Inc. provided a senior secured credit facility to support Rosser Capital Partners’ significant investment in PetPeople, a specialty retail pet supply store that focuses on high quality, natural pet food. Financing was provided by CIT Bank... view press release
July 29, 2014, 07:32 AM


CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc., entered into an agreement to acquire Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses. The transaction will expand... view press release
June 25, 2014, 07:24 AM


CIT Group announced that Sheila A. Stamps has been named to CIT’s Board of Directors effective immediately. Stamps will serve as a member of CIT’s Risk Management and Regulatory Compliance Committees. Stamps served as Executive Vice President of... view press release
February 20, 2014, 07:24 AM


Staple Street Capital, LLC announces the formation of its Operating Executive Board ("Board"), comprised of a select group of highly accomplished leaders that will provide the firm with guidance on its investment activities.  The newly formed Board... view press release
February 10, 2014, 07:46 AM


CIT Group Inc announced that its Board of Directors approved the repurchase of up to $300 million of common stock through December 31, 2014. In addition, the Board also approved the repurchase of an additional $7 million of common stock, the amount... view press release
January 22, 2014, 07:16 AM


CIT Group Inc. announced the appointment of Israel “Izzy” Kaufman as Executive Vice President, Treasurer effective immediately. He will report directly to Chief Financial Officer Scott T. Parker. Mr. Parker said, “Izzy’s broad corporate experience... view press release
September 17, 2013, 08:00 AM


CIT Group Inc., a global leader in transportation finance, today announced that CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT... view press release
August 08, 2013, 07:23 AM


CIT Group Inc. announced that it arranged a senior secured credit facility for Odyssey Investment Partners, a leading middle market private equity firm. The financing supports Odyssey’s acquisition of Aurora, Colorado-based Cross Country Pipeline... view press release
July 29, 2013, 08:35 AM


CIT Group announced the pricing of a public offering of $750 million aggregate principal amount of senior unsecured notes due 2023 that will bear interest at a per annum rate of 5.00%. The Notes priced at 99.031% of the principal amount to yield... view press release
July 26, 2013, 07:07 AM


CIT Group Inc. announced that CIT Real Estate Finance provided an $18.2 million senior secured loan to Kushner Companies, a diversified real estate company headquartered in New York City, to acquire and expand four multifamily apartment buildings... view press release
April 29, 2013, 08:33 AM


CIT Group reported net income of $163 million, $0.81 per diluted share, for the first quarter of 2013, compared to a net loss of $427 million, ($2.13) per diluted share, for the first quarter of 2012.  The loss in the year-ago quarter was primarily... view press release
April 23, 2013, 07:57 AM


CIT Group announced that it arranged a $24 million senior secured credit facility for a 12.3 megawatt solar photovoltaic energy installation at Joint Military Base McGuire-Dix-Lakehurst in Burlington County, NJ. The installation is a portfolio... view press release
January 08, 2013, 08:11 AM


Private equity firms are racing to beat the fiscal cliff and have increasingly accessed the debt markets this year as readily available capital has allowed them to refinance and recapitalize their portfolio companies, so much so that it’s driving... view press release
December 13, 2012, 09:02 AM