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News Stories (20 Results) - CIT Capital Equipment Finance

CIT, a division of First Citizens Bank, has 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 nationwide provider of leasing and... Read Story
August 05, 2022, 07:25 AM

CIT, a division of First Citizens Bank, announced 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, 07:21 AM

CIT Group Inc. announced its Capital Equipment Finance business has hired three new business development leaders to support clients and growth in the equipment finance market.Thomas Linebarger, Scott Ryan and Erick Berreondo have joined CIT’s Capital... Read Story
December 08, 2021, 07:22 AM

CIT Group Inc. announced the appointment of Kevin Ronan as National Sales Director for the Capital Equipment Finance business.Ronan, who was also promoted to Senior Vice President, will be based in New York and will oversee business development... Read Story
July 30, 2021, 07:25 AM

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... Read Story
December 05, 2019, 07:30 AM

CIT Group Inc. announced it is creating a new Logistics Finance unit within its Capital Equipment Finance business to deliver expanded leasing and financing solutions to all stages of the supply chain. The logistics equipment category broadly... Read Story
July 20, 2018, 07:30 AM

CIT Group announced that CIT Capital Equipment Financing has added several new members to its team. "We continue to build our team to be a best-in-class originations group in the capital equipment sector," said Eric Miller, group head and managing... Read Story
March 15, 2017, 07:16 AM

CIT Group appointed Steve Solk as President of CIT Consumer Banking and President, California, effective immediately. This is in addition to his current responsibilities as President of CIT Business Capital and as a member of CIT Group’s Executive... Read Story
December 01, 2016, 07:15 AM

CIT Group announced that CIT Capital Equipment Finance made several additional appointments designed to further build a best-in-class team focused on creating tailored capital equipment financing solutions for middle market companies. “These industry... Read Story
May 03, 2016, 07:19 AM

Today’s market is saturated with capital equipment investment dollars from lenders that may not have expertise in the specific sectors in which they’re lending. And while the access to capital is a boon from a low interest rate perspective, the lack... Read Story
September 18, 2015, 07:15 AM

CIT Group announced the appointment of Rob Seltzer as Managing Director of CIT Capital Equipment Finance, a leading provider of commercial equipment finance solutions for middle market companies in a wide range of industries. Seltzer will be... Read Story
May 14, 2015, 07:05 AM

CIT Group announced that CIT Capital Equipment Finance provided a $23.5 million credit facility to GCT Global Container Terminals Inc. (GCT) to purchase two new Liebherr P203L (WS) post-Panamax ship-to-shore gantry cranes that will be used at its... Read Story
February 18, 2015, 07:00 AM

CIT Group announced that CIT Capital Equipment Finance served as Lead Agent in a $76 million senior secured credit facility to Construction Partners, Inc., a leading infrastructure and road construction company in the Southern United States.... Read Story
January 21, 2015, 06:00 AM

CIT Group announced that it provided financing to Wakefern Food Corp., the largest supermarket cooperative in the United States. Wakefern is the principal supplier of food and non-food products to member-owned supermarkets that trade under the... Read Story
October 09, 2014, 06:54 AM

The uncertainty surrounding the federal budget last year resulted in a delay in hiring and large capital equipment purchases among many middle market companies, according to Vince Belcastro, Managing Director and Group Head of CIT Capital Equipment... Read Story
February 19, 2014, 06:58 AM

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced that they have provided a $15 million second lien equipment term loan to Dana Transport, Inc.  Dana Transport, Inc. is an industry leading chemical and fuel... Read Story
May 23, 2013, 07:05 AM

CIT Group announced that it arranged a $50 million senior secured term loan to Avenel, NJ-based Dana Transport, one of the transport industry’s leading carriers and servicing companies. CIT Capital Equipment Finance served as Lead Arranger, Sole Book... Read Story
February 05, 2013, 07:15 AM

CIT Group announced that it has provided an equipment based revolving line of credit to BAUER-Pileco, Inc., a U.S. subsidiary of BAUER Aktiengesellschaft (BAUER AG). Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. ... Read Story
January 17, 2013, 07:25 AM

CIT Group announced that CIT Capital Equipment Finance continued the build-out of its team focused on middle market equipment financing. The team now includes: Regional Sales Directors Matt Franklin (Southeast), Kevin Ronan (Northeast), Tom... Read Story
November 20, 2012, 07:00 AM

Despite continued economic uncertainty, more than four out of five (82%) middle market executives have made at least one capital goods acquisition of significant value in the past year, and more than three-quarters (78%) say they plan to make one... Read Story
June 27, 2012, 08:20 AM