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News Stories (53 Results) - CIT First Citizens

CIT, a division of First Citizens Bank, announced that its Power and Energy business served as lead arranger on $419 million in financing for acquisition of the Broad River power generation facility in Gaffney, South Carolina. Onward Energy Inc. is... Read Story
November 18, 2022, 07:43 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $34 million in financing to a joint venture between i.Park and Great Point Media for the development of the Lionsgate Warburton Studios, an entertainment... Read Story
November 17, 2022, 07:00 AM


CIT, a division of First Citizens Bank,vannounced that its Power and Energy business served as coordinating lead arranger of construction financing for a major new solar energy project in Texas. Avantus (formerly 8minute) is the developer of... Read Story
November 03, 2022, 07:50 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance business provided $39.25 million in financing for the acquisition of a portfolio of seven medical office buildings and dialysis centers in Texas, Georgia, Washington and... Read Story
October 19, 2022, 07:45 AM


CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm. CIT worked closely with the client to create a unique factoring arrangement to provide the technology... Read Story
October 13, 2022, 07:35 AM


CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $40 million revolving credit facility provided to Biery Cheese. The credit facility refinances Biery Cheese's... Read Story
October 05, 2022, 07:45 AM


CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, provided financing to Mohawk Fine Papers, the largest privately held premium paper manufacturer in North America. The financing... Read Story
September 23, 2022, 07:52 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance business has provided $110 million in senior secured credit facilities to Quipt Home Medical Corp. Headquartered in Cincinnati, Ohio, Quipt is a leader in the home medical... Read Story
September 19, 2022, 08:05 AM


CIT, a division of First Citizens Bank, announced that its Sponsor Finance business served as lead arranger of debt financing to support SK Capital Partners’ investment in VanDeMark Chemical in partnership with existing co-owner Comvest Partners.HSBC... Read Story
September 15, 2022, 07:25 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance business provided $50.8 million to Seavest Healthcare Properties, LLC for the refinancing of Providence Family Wellness Center and Medical Office Building. Providence... Read Story
September 14, 2022, 07:15 AM


CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business provided $10 million in financing to Blue Sky Specialty Pharmacy. Based in Charleston, South Carolina, Blue Sky Specialty Pharmacy uses technology to accelerate... Read Story
September 09, 2022, 07:25 AM


CIT, a division of First Citizens Bank, announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer... Read Story
September 08, 2022, 08:00 AM


First Citizens Bank announced the official launch of its Middle Market Banking unit to support the financial needs and goals of midsize businesses across the Southeastern U.S. Headquartered in Charlotte, First Citizens Middle Market Banking is now... Read Story
September 06, 2022, 08:10 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. The original financing was developed in... Read Story
August 31, 2022, 07:19 AM


CIT, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Globus Maritime Limited by $18 million. The lending increase expands CIT's relationship with Globus Maritime and raises CIT's total... Read Story
August 26, 2022, 07:00 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane market... Read Story
August 18, 2022, 07:23 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties.The borrower, Aminim Group, acquired the portfolio of... Read Story
August 17, 2022, 07:30 AM


CIT, a division of First Citizens Bank, announced Diana Jackson has joined its Equipment Finance-Industrial business as a Vice President and National Business Development Officer.In this role, Jackson will be responsible for developing and... Read Story
August 16, 2022, 07:27 AM


CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $75 million factoring facility on behalf of a consumer products wholesaler.CIT worked with the client to arrange a factoring facility to replace an existing asset-based lending... Read Story
August 12, 2022, 07:00 AM


CIT, a division of First Citizens Bank, named Kevin Ronan, senior vice president and managing director, as the group head of its Capital Equipment Finance business.CIT’s Capital Equipment Finance business is a leading nationwide provider of leasing... Read Story
August 05, 2022, 07:52 AM


CIT Commercial Services, a subsidiary of First Citizens Bank, increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel.The fashion... Read Story
August 04, 2022, 07:38 AM


CIT, a division of First Citizens Bank, announced its Real Estate Finance business provided a loan to TruAmerica Multifamily for the acquisition of The Park at Napoli Apartments in Winter Park, Florida.The Park at Napoli is a multifamily apartment... Read Story
August 02, 2022, 07:30 AM


CIT, a division of First Citizens Bank, named Randy Lederman as a managing director for business development activities across the Northeast for CIT Northbridge Credit LLC, a joint venture advised by CIT Asset Management LLC.Based in New York... Read Story
July 27, 2022, 07:57 AM


CIT, a division of First Citizens Bank, announced Tony Cheng will now be serving as Vice President, Client Service Officer in its Commercial Services business. Cheng is based in Los Angeles and will be the primary contact for several clients in the... Read Story
July 25, 2022, 07:45 AM


CIT, a division of First Citizens Bank, announced that its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merchant battery storage facility in Texas. The borrower, Wolf Tank Storage, is an affiliate of Aypa... Read Story
July 21, 2022, 07:46 AM


CIT, a division of First Citizens Bank, announced that its Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. "As the container ship market remains strong and our charter exposure solid... Read Story
July 13, 2022, 07:22 AM


CIT, a division of First Citizens Bank, has hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.Samuels will be based in Charleston, South Carolina, with a focus on asset-based lending business development... Read Story
July 12, 2022, 07:39 AM


Saxum Real Estate closed a $17 million construction loan from CIT, a division of First Citizens Bank, for the financing of two industrial developments in Hazleton, PA.The current sites, both within opportunity zones, are poised to become two Class-A... Read Story
June 15, 2022, 07:28 AM


CIT, a division of First Citizens Bank, announced that its Maritime Finance business has recently increased its financing of Crowley, a leading global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This... Read Story
June 09, 2022, 07:30 AM


CIT, a division of First Citizens Bank, has added seasoned real estate pro Ted Dalton as a Managing Director in its Real Estate Finance group. Dalton is based in New York and will operate as a senior relationship manager driving new business... Read Story
June 08, 2022, 07:30 AM


CIT, a division of First Citizens Bank, announced that its Commercial Services business has hired Brian Martin, an experienced banker with broad expertise in factoring and accounts receivable financing, as a regional manager leading CIT Commercial... Read Story
June 02, 2022, 07:32 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance business served as sole lender on a $22 million loan to AZ Banner Investments LLC, which is managed by Webb Management & Investments, LLC. The loan was used to refinance... Read Story
June 01, 2022, 07:24 AM


CIT, a division of First Citizens Bank, appointed Cheryle Arevalo to the position of account executive for the Western Region of CIT’s Commercial Services business. Arevalo will be based in Los Angeles, California and will manage the relationships... Read Story
May 31, 2022, 07:41 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $30 million for the acquisition of an apartment complex in Phoenix, Arizona. The Madison Grove Apartments is a 171-unit multifamily complex located in... Read Story
May 19, 2022, 07:28 AM


CIT, a division of First Citizens Bank, announced that its Power and Energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds were used to refinance a 1... Read Story
May 12, 2022, 07:55 AM


CIT, a division of First Citizens Bank, announced that its Maritime Finance business has increased its financing for Polska Zegluga Morska Capital Group, also known as Polsteam Group, by $10 million via a secondary purchase. CIT Maritime's loan... Read Story
May 06, 2022, 07:29 AM


Origis Energy, one of America’s leading renewable energy platforms, closed a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of... Read Story
May 04, 2022, 07:48 AM


CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $145 million credit facility for Natural Gas Compression Systems Inc. Based in Traverse City... Read Story
April 22, 2022, 07:50 AM


CIT, a division of First Citizens Bank, announced that its Capital Equipment Finance business has named Eric Smith as a business development officer serving the West region. Smith, who is based in Greater Seattle, will be responsible for developing... Read Story
April 15, 2022, 07:38 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided a $37.2 million loan to Aminim Group to finance the acquisition of a bulk distribution facility in Pittsburgh, Pennsylvania. The industrial distribution... Read Story
April 14, 2022, 07:34 AM


CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of managing director and group head for the Lender Finance business in its Business Capital division. Black, who was also promoted to senior vice president, will be... Read Story
April 12, 2022, 08:00 AM


CIT, a division of First Citizens Bank, announced that its Commercial Services business is promoting and hiring new business development leaders to support clients and drive growth in factoring finance in the Northeast and West. In the Northeast... Read Story
April 07, 2022, 07:53 AM


CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business served as lead arranger on financing for Kenneth Cole Productions Inc., a renowned men's and women's fashion brand. Headquartered in New York City and founded in... Read Story
April 06, 2022, 08:00 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $35.6 million for the acquisition of two multifamily residential properties in the North Shore area of Massachusetts. The Heights at Haverhill, located... Read Story
April 01, 2022, 07:44 AM


CIT Northbridge Credit, as advised by CIT Asset Management, and Tiger Finance arranged up to $47 million in financing for a leading e-commerce seller of branded consumer products.The financing consists of a $30 million revolving credit facility... Read Story
March 30, 2022, 07:58 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided a $29.9 million loan for the acquisition of a portfolio of industrial buildings in Greater Chicago by Aminim Group. The portfolio consists of three... Read Story
March 29, 2022, 07:35 AM


CIT, a division of First Citizens Bank, is launching a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment.Golf & Turf is part of CIT’s Business Capital group... Read Story
March 25, 2022, 08:00 AM


CIT, a division of First Citizens Bank, announced its Middle Market Banking business provided $30 million toward construction and enhancement of school facilities in Wahoo, Nebraska.The borrower, Saunders County Education Agency, will use the loan to... Read Story
March 23, 2022, 07:26 AM


CIT, a division of First Citizens Bank, announced a reorganization of its Commercial Services factoring business to position it for accelerated growth by providing even better service for clients and prospects.CIT Commercial Services is one of the... Read Story
March 08, 2022, 08:00 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center... Read Story
March 04, 2022, 07:40 AM


CIT, a division of First Citizens Bank, announced that its Real Estate Finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, Arizona.Oceana Apartments, which was acquired by 29th Street Capital... Read Story
February 25, 2022, 07:39 AM


CIT, a division of First Citizens Bank, announced that its Healthcare Finance division provided more than $44 million toward the financing of medical office buildings and facilities in Florida, Washington, and Arizona. The loans supported a joint... Read Story
February 24, 2022, 07:05 AM


CIT, a division of First Citizens Bank, announced that its Power and Energy business served as coordinating lead arranger on a $71.4 million in financing for a portfolio of solar projects.The borrower, Arches Solar LLC, a subsidiary of CleanCapital... Read Story
February 18, 2022, 07:42 AM