First Citizens Bank's CIT Commercial Services subsidiary named Don Norman as a vice president and senior portfolio and relationship manager in its Western Region. In his new role, Norman will be responsible for managing a portfolio of clients while...
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May 13, 2024, 07:43 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary has named Jason Goldberg as a regional sales manager dedicated to increasing new business in the Northeast.Goldberg will be responsible for managing a team of business...
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May 09, 2024, 07:45 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions. CIT Commercial...
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October 19, 2023, 07:12 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary has completed a $6.5 million credit facility with a California-based home furnishings and apparel importer.Under the agreement, CIT Commercial Services will also take the lead...
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August 22, 2023, 07:08 AM
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First Citizens Bank announced Marc Heller has been promoted to the position of Vice Chairman of CIT Commercial Services, a subsidiary of First Citizens Bank, and that Michael Hudgens has been promoted to the role of CIT Commercial Services President...
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June 08, 2023, 08:00 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, announced leadership changes as it continues to align its business to support clients and future growth. Tom Fingleton, who has served as Northeast regional manager since March 2019, has...
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May 09, 2023, 07:47 AM
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CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers. CIT worked...
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February 16, 2023, 07:35 AM
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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...
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October 13, 2022, 07:35 AM
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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...
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August 12, 2022, 07:00 AM
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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...
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August 04, 2022, 07:38 AM
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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...
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June 02, 2022, 07:32 AM
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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...
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May 31, 2022, 07:41 AM
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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...
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April 07, 2022, 07:53 AM
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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...
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May 12, 2021, 07:26 AM
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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...
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February 07, 2017, 08:00 AM
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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...
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August 12, 2016, 08:19 AM
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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...
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January 21, 2016, 08:03 AM
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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...
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January 07, 2016, 07:30 AM
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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...
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September 28, 2015, 08:02 AM
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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...
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November 21, 2014, 07:30 AM
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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...
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November 04, 2014, 07:18 AM
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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...
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August 19, 2014, 07:31 AM
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