CIT Names Rubino President of CIT Bank, Head of Commercial Banking

CIT Group named Robert Rubino president of CIT Bank and head of Commercial Banking, effective February 25, 2019.

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. The effort includes a new marketing campaign, tagline and website reflecting CIT’s consumer and commercial businesses.

CIT Names Whitston Chief Technology Officer

Alla Whitston joined CIT Group as the chief technology officer. She will report to Denise Menelly, executive vice president and head of technology and operations.

CIT Serves as Sole Lead Arranger on $15M Maritime Loan

CIT Group’s Maritime Finance unit served as sole lead arranger on a $15 million senior secured loan for MRC Maritime Holdings, a ship-owning entity controlled by a private New York City-based investment fund manager.

CIT Taps Ralston as Director/Lender Finance

CIT Group named Chris Ralston a director in the Lender Finance business within CIT’s Business Capital division.

CIT Arranges $25MM Credit Facility for Neutral Connect Networks

CIT Group’s Communications & Technology Finance unit served as sole lead arranger for a $25 million senior secured credit facility to Neutral Connect Networks.

CIT Names Chief Underwriting Officer for Commercial Finance

CIT Group named Christopher M. McLaughlin chief underwriting officer for the company’s Commercial Finance division.

GE, CIT, Others Provide $1.3B Facility for Advanced Power

Advanced Power secured $1.3 billion in financing to build South Field Energy, a 1.18GW combined-cycle natural gas electric generating facility in Columbiana County, OH.

Obermueller Joins CIT Supply Chain Finance Unit

CIT Group named Joerg Obermueller as the managing director of the Supply Chain Finance business within the company’s Commercial Services division.

CIT Q2 Earnings Higher, Factoring Volume Up By 16%

CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted factoring volume was up 16% driven primarily by increased volume in the technology industry.