CIT Group announced the results of its fourth annual One Million Meals campaign to fight hunger in partnership with Feeding America®. CIT customers, employees, social media fans and others joined in to support the donation of 1.5 million meals to...
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December 14, 2021, 07:00 AM
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GEE Group received and signed a commitment letter for a $20 million asset-based senior secured revolving credit facility from CIT, who will also serve as administrative and collateral agent and sole lead arranger. The CIT Facility will be...
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March 29, 2021, 06:00 AM
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CIT Group's annual partnership with Feeding America® has helped provide Two Million Meals to people in need this holiday season. With the support of its customers, employees and followers, the company brought awareness to the pressing issue of food...
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December 17, 2020, 07:00 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $256 million financing for the 250-megawatt (MW) Taygete I Energy Project owned by 7X Energy, Inc (7X) and located in Pecos County, Texas. 7X Energy is a...
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December 10, 2020, 08:10 AM
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CIT Group Inc. announced the start of its annual partnership with Feeding America and this year, will double its commitment in the fight against hunger and help donate Two Million Meals for people struggling with food insecurity across the...
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November 11, 2020, 09:00 AM
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OneWest Bank, CIT's Southern California retail bank division, launched its second annual Bank on Building a Brighter Community program to give back to local area school children. In partnership with the Pasadena, Metro Los Angeles, Santa Monica, and...
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August 28, 2020, 07:00 AM
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CIT Group Inc. announced it has made a donation to provide enough fresh food for 100,000 meals to Table to Table, a community-based food rescue program that redistributes would-be wasted food to those in need. The donation addresses food insecurity...
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August 05, 2020, 08:00 AM
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CIT Group (CIT) announced that it has made a donation to The Arc of the Bay, a nonprofit organization based in Lynn Haven, FL that provides support and opportunities for adults with disabilities.The donation supports the organization's Culinary...
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July 28, 2020, 07:00 AM
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CIT Group announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $50 million senior secured revolving credit facility for CITIES Market Studios.Based in Minneapolis, Minnesota, CITIES is a...
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June 26, 2020, 07:28 AM
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CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social...
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May 28, 2020, 08:10 AM
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CIT Group Inc. announced the results of its second annual One Million Meals campaign to fight hunger in partnership with Feeding America. Customers, employees and others came together to donate 1.5 million meals to people in need and helped CIT...
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December 20, 2019, 08:00 AM
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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...
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December 05, 2019, 09:00 AM
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CIT Group Inc. announced the start of the second annual One Million Meals campaign in partnership with Feeding America to fight hunger this holiday season. Customers, employees and social media followers are invited to join in donating One Million...
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November 21, 2019, 08:00 AM
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More than one in three small business executives (37%) plan to invest even more in their businesses during the next 12 months compared to the past 12 months, according to a new survey conducted by The Harris Poll1 and sponsored by CIT Group Inc. ...
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November 19, 2019, 09:00 AM
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Fitch Ratings has upgraded CIT Group Inc.'s (CIT) and CIT Bank, N.A.'s (CIT Bank) Long-Term Issuer Default Ratings (IDRs) and to 'BBB-' from 'BB+'. The Viability Ratings (VRs) for both entities were also upgraded to 'bbb-' from 'bb+'. The Rating...
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November 13, 2019, 08:00 AM
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CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. Concurrent with...
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July 23, 2019, 09:00 AM
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CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles. Building...
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May 03, 2019, 09:15 AM
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CIT Group Inc. announced that its Healthcare Finance unit arranged $14.8 million in financing for the acquisition of Greenville Medical Tower in Dallas, TX.The financing was arranged on behalf of a joint venture managed by Catalyst Healthcare Real...
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April 15, 2019, 08:00 AM
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CIT Bank, CIT Group's national online bank, announced it has been selected as winner of the Best Personal Finance Company award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the...
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April 04, 2019, 08:00 AM
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CIT Group announced it will donate one and a half million meals this holiday season in partnership with Feeding America®, exceeding the original goal of its One Million Meals campaign by 50 percent. "Thank you to the customers, followers and...
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December 21, 2018, 07:15 AM
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CIT Group Inc. announced the appointment of Jerry Younts to its Commercial Services team as a senior business development officer.According to a story originally published at Textile World, Younts will be responsible for offering factoring and...
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March 02, 2018, 08:01 AM
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CIT Group reported a fourth quarter net loss to common shareholders of $98 million or $0.74 per diluted common share, compared to a net loss to common shareholders of $1.1 billion or $5.65 per diluted common share for the year-ago quarter. Loss from...
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January 30, 2018, 07:30 AM
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Nancy J. Foster plans to join RMA November 28, 2017 and will be appointed President and CEO of The Risk Management Association (RMA), effective January 1, 2018. The announcement was made today by Robert R. Messer, RMA Chair.Foster had been Executive...
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October 05, 2017, 07:00 AM
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CIT Group Inc. announced that its Direct Capital business, known for its proprietary online lending platform and market-leading customer service, has provided more than $4 billion in equipment financing and working capital loans since its inception...
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May 05, 2017, 07:00 AM
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CIT Group announced that CIT Equipment Finance made two key appointments designed to further grow CIT’s Office Imaging dealer relationships in the Southeast and Midwest regions of the United States. The new executives will report to David Gerrard...
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November 10, 2016, 07:50 AM
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CIT Group Inc., a leading provider of commercial lending and leasing services, 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...
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October 04, 2016, 07:29 AM
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The retail industry is going through a form of evolution, maybe even a revolution. E-commerce has changed the way retailers sell, so that the major brick-and-mortar companies are looking at their individual stores, potentially closing what they...
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July 08, 2016, 08:03 AM
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CIT Group Inc. announced the appointment of Denise M. Menelly as Executive Vice President and Head of Technology and Operations, effective June 29. Raymond Matsumoto, Executive Vice President and Chief Administrative Officer, will serve as the Head...
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May 04, 2016, 08:00 AM
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Cathay Bank announces the appointment of Kelly Wu as Executive Vice President, Corporate Banking Division.Pin Tai, President of Cathay Bank, said, "We are delighted to welcome Kelly to the Cathay Bank family and are confident that his proven...
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April 14, 2016, 08:05 AM
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Prime Clerk, a leading bankruptcy claims and noticing agent, is pleased to announce the continued expansion of its senior leadership team, including recognized experts in the restructuring industry, Abigail Lerner and David Sharp. Abigail Lerner...
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March 28, 2016, 08:04 AM
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CIT Group announced that CIT Healthcare Finance served as Sole Lead Arranger and Administrative Agent for a $50 million senior secured credit facility to Superior Biologics, a leading home infusion and specialty pharmacy provider offering services to...
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March 08, 2016, 08:01 AM
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Despite the explosion of big data throughout Corporate America, middle market executives are judging the state of the economy based on personal experience and observation more than economic indicators. Approximately three in five executives say the...
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October 30, 2015, 07:52 AM
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Growth in the U.S. furniture industry continues to outpace the U.S. economy, due in large part to strong performances in bedroom and dining room furnishing sales. While housing continues to improve and discretionary spending increases, the sector...
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October 16, 2015, 07:36 AM
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CIT Group Inc. has received approval from the Federal Reserve Board, the Office of the Comptroller of the Currency (OCC), and all required state regulators to acquire OneWest Bank and its parent company IMB Holdco LLC. The transaction is expected to...
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July 22, 2015, 07:27 AM
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Capital One announced it successfully completed the syndication of a $180 million senior loan, which will be used to convert 180 Water Street, an office building in New York’s Financial District, into multifamily apartments. Capital One, serving as...
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July 16, 2015, 07:11 AM
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CIT Group Inc., a leading provider of commercial lending and leasing services, announced that it served as lead arranger and administrative agent for a senior secured credit facility for Winchester Electronics Corp. (Winchester), a portfolio company...
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January 07, 2015, 07:16 AM
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CIT Group Inc. announced that it acted as administrative agent, joint lead arranger, and joint bookrunner for credit facilities supporting Audax Private Equity, a middle-market private equity firm, in its acquisition of Wheel Pros, a leading...
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August 21, 2014, 08:04 AM
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CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. announced that it has completed its acquisition of Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses.“We are very...
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August 05, 2014, 07:32 AM
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CIT Group Inc. provided a senior secured credit facility to support Rosser Capital Partners’ significant investment in PetPeople, a specialty retail pet supply store that focuses on high quality, natural pet food. Financing was provided by CIT Bank...
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July 29, 2014, 07:32 AM
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CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc., entered into an agreement to acquire Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses. The transaction will expand...
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June 25, 2014, 07:24 AM
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CIT Group announced that Sheila A. Stamps has been named to CIT’s Board of Directors effective immediately. Stamps will serve as a member of CIT’s Risk Management and Regulatory Compliance Committees.
Stamps served as Executive Vice President of...
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February 20, 2014, 07:24 AM
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Staple Street Capital, LLC announces the formation of its Operating Executive Board ("Board"), comprised of a select group of highly accomplished leaders that will provide the firm with guidance on its investment activities. The newly formed Board...
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February 10, 2014, 07:46 AM
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CIT Group Inc announced that its Board of Directors approved the repurchase of up to $300 million of common stock through December 31, 2014. In addition, the Board also approved the repurchase of an additional $7 million of common stock, the amount...
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January 22, 2014, 07:16 AM
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CIT Group Inc. announced the appointment of Israel “Izzy” Kaufman as Executive Vice President, Treasurer effective immediately. He will report directly to Chief Financial Officer Scott T. Parker. Mr. Parker said, “Izzy’s broad corporate experience...
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September 17, 2013, 08:00 AM
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CIT Group Inc., a global leader in transportation finance, today announced that CIT Maritime Finance provided a $61.8 million senior secured credit facility to a portfolio company of Alterna Capital Partners, a private equity firm based in Wilton, CT...
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August 08, 2013, 07:23 AM
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CIT Group Inc. announced that it arranged a senior secured credit facility for Odyssey Investment Partners, a leading middle market private equity firm. The financing supports Odyssey’s acquisition of Aurora, Colorado-based Cross Country Pipeline...
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July 29, 2013, 08:35 AM
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CIT Group announced the pricing of a public offering of $750 million aggregate principal amount of senior unsecured notes due 2023 that will bear interest at a per annum rate of 5.00%. The Notes priced at 99.031% of the principal amount to yield...
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July 26, 2013, 07:07 AM
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CIT Group Inc. announced that CIT Real Estate Finance provided an $18.2 million senior secured loan to Kushner Companies, a diversified real estate company headquartered in New York City, to acquire and expand four multifamily apartment buildings...
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April 29, 2013, 08:33 AM
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CIT Group reported net income of $163 million, $0.81 per diluted share, for the first quarter of 2013, compared to a net loss of $427 million, ($2.13) per diluted share, for the first quarter of 2012. The loss in the year-ago quarter was primarily...
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April 23, 2013, 07:57 AM
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CIT Group announced that it arranged a $24 million senior secured credit facility for a 12.3 megawatt solar photovoltaic energy installation at Joint Military Base McGuire-Dix-Lakehurst in Burlington County, NJ. The installation is a portfolio...
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January 08, 2013, 08:11 AM
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Private equity firms are racing to beat the fiscal cliff and have increasingly accessed the debt markets this year as readily available capital has allowed them to refinance and recapitalize their portfolio companies, so much so that it’s driving...
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December 13, 2012, 09:02 AM
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