Laurentian Bank of Canada announced the appointment of Thierry Langevin as President of LBC Capital. LBC Capital is a fully owned subsidiary of Laurentian Bank of Canada specialized in equipment financing and is a key component of the Bank’s...
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March 17, 2021, 07:20 AM
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CIT Group 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 Laurentian Bank of Canada. As part of the sale, CIT will transfer...
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October 04, 2016, 07:10 AM
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CIT Group announced that it has reached a definitive agreement to sell its Canadian equipment finance and corporate finance businesses (“CIT Canada”), with more than US $700 million in assets, to Laurentian Bank of Canada. In addition, approximately...
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June 30, 2016, 07:19 AM
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CIT Group announced a series of strategic initiatives that are designed to advance the Company’s transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business, and...
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October 22, 2015, 07:10 AM
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CIT Group Inc. released the next installment in its CIT: Behind the Deal (cit.com/solarize) series of client case studies that showcase how the lending, leasing, and advisory expertise of CIT executives has helped their clients achieve success. This...
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September 25, 2014, 06:00 AM
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CIT Canada announced its sponsorship of Green4Good, an IT asset re-use and recycling program initiated and operated by Compugen Finance Inc., a wholly owned subsidiary of Compugen Inc.“CIT is pleased to sponsor Green4Good and support the exceptional...
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May 19, 2014, 06:00 AM
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CIT Canada announced that it provided $8 million in franchise financing to the BLCO Group, one of the largest multi-unit Kentucky Fried Chicken (KFC) franchisees in Canada. The franchise financing will be used to refinance debt and for capital...
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April 07, 2014, 06:30 AM
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CIT Canada announced that it has provided financing to Silvercreek Solar Park, Inc., which will utilize Ontario-made Canadian Solar modules for a ground-mounted utility-scale solar power plant in Elgin County. This is Silvercreek’s first utility...
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March 27, 2014, 06:00 AM
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CIT Canada announced the appointment of Douglas McKenzie as Specialty Finance Leader, effective immediately. He will report directly to Blake Macaskill, Managing Director, CIT Canada. McKenzie will be responsible for building CIT Canada’s Franchise...
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October 11, 2013, 06:45 AM
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The Canadian financing and leasing industry is seeing continued growth with new opportunities on the horizon, according to Blake Macaskill, Managing Director of CIT Canada at CIT Group Inc. This view and others, are presented in “Equipment Financing...
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August 07, 2013, 07:02 AM
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