April 17, 2024


Profitable business

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

2 min read

NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of To start with Citizens Financial institution, right now announced that its Capital Gear Finance small business has named Eric Smith as a company improvement officer serving the West region.

(PRNewsfoto/CIT, a division of First Citizens Bank)

(PRNewsfoto/CIT, a division of 1st Citizens Bank)

Smith, who is based mostly in Bigger Seattle, will be accountable for building, maintaining, and expanding consumer and prospect interactions in the area, which includes California, Oregon, Washington, Alaska and Hawaii.

“CIT has extended preserved a track record for excellence in money equipment financing,” reported Kevin Ronan, senior vice president overseeing business progress for both equally the immediate and indirect gross sales channels in Capital Equipment Finance. “I’m self-assured Eric will assistance us broaden on that legacy by supporting our consumers and their ongoing expansion in this crucial field sector.”

Smith is a money income experienced with around 25 yrs of practical experience creating gear-based mostly monetary alternatives across a large vary of industries. Prior to joining CIT, Smith used 5 yrs in equipment finance at Wells Fargo and 15 several years just before that at GE Capital. He is a graduate of the University of Oregon with a degree in business enterprise and finance.

Capital Products Finance, portion of CIT’s Commercial Finance business enterprise, is a major service provider of tools financing alternatives to center sector and massive-cap organizations. The unit specializes in delivering tools financial loans and leases with flexible conditions and prices tailor-made to the gear demands and credit score toughness of the borrower.

About CIT

CIT is a division of Initial Citizens Lender, the biggest household-managed bank in the United States, continuing a exclusive legacy of power, stability and prolonged-time period pondering that has spanned generations. Mother or father company, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial establishment with more than $100 billion in assets. The firm’s commercial banking segment delivers a extensive array of finest-in-class lending, leasing and banking solutions to middle-market companies and compact firms from coast to coast. 1st Citizens also operates a nationwide direct lender and a community of extra than 600 branches in 22 states, lots of in superior-growth marketplaces. Industry professionals carry a depth of abilities that assists companies and individuals fulfill their distinct goals at each and every phase of their economical journey. Learn more at cit.com/firstcitizens.

John M. Moran
[email protected]



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Source CIT, a division of Initially Citizens Bank

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