CIT Names Business Development Officer in Capital Equipment Finance for the West Region

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NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of Very first Citizens Financial institution, now introduced that its Cash Tools Finance small business has named Eric Smith as a business development officer serving the West area.

(PRNewsfoto/CIT, a division of First Citizens Bank) — (PRNewsfoto/CIT, a division of 1st Citizens Financial institution)

Smith, who is primarily based in Better Seattle, will be dependable for producing, preserving, and growing consumer and prospect relationships in just the region, which consists of California, Oregon, Washington, Alaska and Hawaii.

“CIT has very long preserved a standing for excellence in funds gear funding,” said Kevin Ronan, senior vice president overseeing business progress for both the immediate and indirect revenue channels in Funds Devices Finance. “I am confident Eric will aid us grow on that legacy by supporting our purchasers and their ongoing growth in this vital marketplace sector.”

Smith is a fiscal revenue experienced with in excess of 25 a long time of working experience building gear-based money methods across a wide selection of industries. Prior to signing up for CIT, Smith used five a long time in equipment finance at Wells Fargo and 15 yrs before that at GE Capital. He is a graduate of the College of Oregon with a diploma in enterprise and finance.

Capital Products Finance, part of CIT’s Commercial Finance business, is a leading service provider of machines funding solutions to center industry and big-cap companies. The unit specializes in furnishing tools loans and leases with flexible phrases and prices personalized to the machines wants and credit score energy of the borrower.

About CIT

CIT is a division of 1st Citizens Lender, the premier relatives-managed financial institution in the United States, continuing a distinctive legacy of strength, balance and long-time period considering that has spanned generations. Mum or dad company, Initial Citizens BancShares, Inc. (NASDAQ: FCNCA) is a leading 20 U.S. economic institution with additional than $100 billion in belongings. The firm’s business banking segment delivers a wide array of best-in-class lending, leasing and banking expert services to center-sector providers and tiny companies from coast to coastline. Initial Citizens also operates a nationwide direct lender and a network of extra than 600 branches in 22 states, several in superior-development marketplaces. Market specialists provide a depth of experience that aids businesses and persons meet their unique targets at each and every phase of their money journey. Discover a lot more at cit.com/firstcitizens.

MEDIA RELATIONS:
John M. Moran
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