CIT’s healthcare finance unit provided a $25 million loan supporting Seavest Healthcare Properties’ acquisition of the MLK Community Hospital Medical Office Building in Los Angeles.
CIT named Mike Jones president of Business Capital, replacing Steve Solk who will focus on Consumer Banking. Jeff Lytle was named president of Rail, replacing George Cashman who will retire.
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.
Ellen R. Alemany has been appointed CEO and president of CIT Bank, effective immediately. CIT also appointed Robert C. Rowe, Steve Solk and Kenneth A. Brause, CRO, president of CIT Business Capital and treasurer, respectively.