Tag : CIT Group

First Citizens Bank Announces Redemption of Approximately $2.9 Billion of Its Senior Unsecured Debt
debt collection News

First Citizens Bank Announces Redemption of Approximately $2.9 Billion of Its Senior Unsecured Debt

Fintech News Desk
by Fintech News Desk0
First Citizens BancShares, Inc., parent company of First-Citizens Bank & Trust Company, announced that First Citizens Bank has given notice of its intention to redeem approximately $2.9 billion of its senior unsecured debt. On January 24, 2022, First Citizens Bank notified Wilmington Trust, National Association, as trustee (the “Trustee”), and......
First Citizens Completes Merger With CIT Group
Banking News

First Citizens Completes Merger With CIT Group

Fintech News Desk
by Fintech News Desk0
First Citizens BancShares Inc., parent company of First-Citizens Bank & Trust Company,  announced completion of its previously announced merger with CIT Group Inc. North Carolina-headquartered First Citizens is now a top 20 U.S. financial institution (based on assets), with more than $100 billion in assets, and the largest family-controlled bank......
First Citizens, CIT Announce Receipt of Regulatory Approvals for Merger
Banking News

First Citizens, CIT Announce Receipt of Regulatory Approvals for Merger

Fintech News Desk
by Fintech News Desk0
First Citizens BancShares, Inc., the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc., the parent company of CIT Bank, N.A., jointly announced that their previous proposal to merge the two companies has received approval from the Board of Governors of the Federal Reserve System today. The......
CIT Serves as Joint Lead Arranger on $1.16 Billion Financing for PRO Unlimited Inc.
Finance News

CIT Serves as Joint Lead Arranger on $1.16 Billion Financing for PRO Unlimited Inc.

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that its Asset-Based Lending business served as joint lead arranger on a $1.16 billion financing for PRO Unlimited Inc., a leading Integrated Workforce Management (IWM) platform provider. Serving hundreds of the world’s most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence......
CIT Providing $70 Million in Financing to Maritime Asset Partners
Finance News

CIT Providing $70 Million in Financing to Maritime Asset Partners

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling LLC. Maritime Asset Partners is a specialized finance platform focused on leasing, secured lending and structured equity solutions. Sterling owns and operates 11 Handysize dry bulk vessels, a majority of......
CIT and FRONTSTEPS Announce Advanced Payment Features to Increase Convenience and Security
Banking Digital Payments News

CIT and FRONTSTEPS Announce Advanced Payment Features to Increase Convenience and Security

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. and FRONTSTEPS announced an expanded partnership to simplify payments for homeowners in community associations. FRONTSTEPS Pay, a market-leading online payment service, is now available to all CIT Community Association Banking clients. Additionally, CIT will waive ACH costs so homeowners can pay online for free. “We’re pleased to......
CIT Provides $28.2 Million in Financing for California Apartment Complex Development
Finance News

CIT Provides $28.2 Million in Financing for California Apartment Complex Development

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that its Real Estate Finance business provided $28.2 million in financing for construction of the Via Del Lago apartments in the Moreno Valley region of Greater Los Angeles. Via Del Lago is planned as a 135-unit multifamily apartment complex in the attractive Rancho Belago real estate submarket. Amenities in the complex will include a swimming......
CIT Northbridge Serves as Sole Lead Arranger on $17.4 Million Credit Facility for Hynes Industries
Business Finance News

CIT Northbridge Serves as Sole Lead Arranger on $17.4 Million Credit Facility for Hynes Industries

Fintech News Desk
by Fintech News Desk0
CIT Group Inc. announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $17.4 million credit facility for Hynes Industries, a provider of custom metal solutions. Based in Youngstown, Ohio, Hynes Industries manufactures highly engineered custom metal products, including strip steel, rolled form shapes, flat wire......
CIT Serves as Sole Lender on $35 Million Financing for Icelandair
Business Fintech News

CIT Serves as Sole Lender on $35 Million Financing for Icelandair

Fintech News Desk
by Fintech News Desk0
CIT Group Inc.  announced that its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland. “We were pleased to work with CIT on securing this financing that further strengthens the financial position of Icelandair Group and......
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