CIT Arranges $65MM Financing for Medical Equipment Distributor

CIT Group’s Healthcare Finance business provided a $65 million senior secured credit facility to QMES, a distributor of durable medical equipment to patients in the Northeast.

Former CIT CCO Joins White Oak Global as Chief Credit Officer

White Oak Global expanded its leadership team with the hiring of Kenneth Wendler as partner, chief credit officer and investment committee member. He was previously with CIT as CCO of the commercial finance business and investment committee vice chairman.

CIT Direct Capital Hits $4B in Originations; Portfolio Over $1B

CIT Group’s Direct Capital has provided more than $4 billion in equipment financing and working capital loans to more than 100,000 small businesses since its inception in 1993.

CIT Names Fawcett Executive Vice President, CFO

CIT Group named John Fawcett executive vice president and chief financial officer, succeeding CFO Carol Hayles who has decided to pursue other opportunities.

CIT Agents Financing for GCL New Energy Solar Projects in NC

CIT Group’s Energy Finance business served as sole lead arranger and administrative agent for a $59.8 million financing to GCL New Energy.

Trump Appointee Resigns from CIT Board of Directors

Steven T. Mnuchin resigned from the CIT board of directors. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the Treasury.

CIT Appoints Steve Solk President of Consumer Banking

CIT Group appointed Steve Solk president of CIT Consumer Banking and president, California. This is in addition to his current responsibilities as president of CIT Business Capital and a member of CIT’s executive management committee.

CIT: Middle Market Companies Actively Pursuing Growth Strategies

According to Jeff Kilrea, group head and managing director of CIT Sponsor Finance, middle market executives are more confident about future growth and are actively pursuing multi-faceted growth strategies in the coming year.

CIT Appoints Harney EVP and Chief Credit Officer

CIT Group appointed Marisa J. Harney executive vice president and chief credit officer, effective immediately. Harney previously served as chief risk officer of GE Capital Americas.

Middle Market Execs Optimistic Overall, Wary of Global Economy

According to CIT Group’s Voice of the Middle Market study, 80% of executives in the space foresee expansion and diversification over the next 12 months.