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News Stories (15 Results) - CIT Commercial Services

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 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 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 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, 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 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 Group named Christopher DeRosa as a business development officer in the West Coast office of its Commercial Services business.DeRosa, a Vice President, will be based in Los Angeles and will focus on business development across a wide range of... Read Story
May 12, 2021, 07:26 AM


CIT, a provider of commercial lending and leasing services, announced that CIT Commercial Services was selected as the sole provider of factoring services to AG Adriano Goldschmied and its affiliate, Big Star. Both firms are either owned by or... Read Story
February 07, 2017, 08:00 AM


CIT Group Inc. announced that CIT Commercial Services appointed Darrin Beer as Western Regional Sales and Portfolio Manager. In this role, Beer will lead CIT Commercial Services activities in the Western United States. He will continue to be based in... Read Story
August 12, 2016, 08:19 AM


Wells Fargo Capital Finance announced two new regional managers for the consumer products and retail division of its Commercial Services Group, which specializes in factoring and accounts receivables management. Brian Martin has been named regional... Read Story
January 21, 2016, 08:03 AM


CIT Group (NYSE:CIT) announced the appointment of Marc Heller as President of CIT Commercial Services, effective February 1, 2016, following the retirement of current CIT Commercial Services President Jon Lucas on January 31, 2016. Heller will report... Read Story
January 07, 2016, 07:30 AM


CIT Group announced the appointment of Louis Barone as Managing Director, Northeast Regional Sales Manager of CIT Commercial Services, a leading provider of factoring services in the United States. He will report directly to Marc Heller, Executive... Read Story
September 28, 2015, 08:02 AM


An annual retail outlook study (www.cit.com/retailoutlook) of more than 250 senior middle-market retail executives conducted by CIT Group Inc. found cautious optimism among respondents. Fifty-five percent of executives anticipate their total holiday... Read Story
November 21, 2014, 07:30 AM


Federal National Commercial Credit announced that Cheryl Stammer has joined the company as a senior business development officer in Los Angeles, California. Stammer has cultivated an extensive referral network throughout Southern California. Her... Read Story
November 04, 2014, 07:18 AM


CIT Group Inc. announced that it arranged and syndicated a $90 million senior secured credit facility to The Levy Group Inc., a designer, manufacturer, importer, marketer and distributor of men’s and women’s outerwear, dresses, active sportswear and... Read Story
August 19, 2014, 07:31 AM