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CIT Expands Equipment Finance Division

October 03, 2017, 07:15 AM
Related: CIT Group, Everbank

CIT Group announced two key appointments to their Equipment Finance division in support of industrial market segment growth.
Mike Edwards has joined the Business Development team and will be responsible for new finance programs with manufacturers in the construction, agriculture, material handling, and transportation segments. He will report to Vince Mollica, senior vice president of Business Development.

"Edwards brings 20 years of experience and a strong track record of success in establishing new finance programs for manufacturers in the industrial market," said Mollica. "By leveraging CIT's FlexAbility™ product that delivers industry-leading deal structuring and invoicing capabilities, Edwards will help manufacturers accelerate growth and enhance the customer experience."

Jennifer Houck has also been hired to originate and manage dealer and distributor relationships in the Western territory. She will report to Harold Ray, industrial commercial leader.

"Houck's decade of experience in the equipment finance space will enhance our team's capability to structure commercial finance programs for both new and existing manufacturers and distributors," said Ray. "The addition of Houck to the Western states team completes our current sales coverage nationally."

Edwards joins CIT from EverBank Commercial Finance where he worked as a business development manager overseeing industrial and transportation vendor programs nationwide. Houck joins CIT from Xtreme Financial Services where she served as the executive finance manager and was responsible for a captive global finance operation for the fourth largest US equipment rental company.

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