February 8, 2023


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

NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of To start with Citizens Lender, currently introduced that its Cash Gear Finance small business has named Eric Smith as a company progress officer serving the West location.

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

(PRNewsfoto/CIT, a division of Initially Citizens Lender)

Smith, who is based mostly in Bigger Seattle, will be liable for developing, protecting, and growing consumer and prospect associations in the location, which consists of California, Oregon, Washington, Alaska and Hawaii.

“CIT has extended preserved a reputation for excellence in money machines financing,” explained Kevin Ronan, senior vice president overseeing company growth for both equally the immediate and indirect gross sales channels in Cash Products Finance. “I’m self-assured Eric will support us expand on that legacy by supporting our consumers and their continued development in this critical marketplace sector.”

Smith is a economic income skilled with over 25 a long time of working experience acquiring equipment-based mostly fiscal methods across a large assortment of industries. Prior to becoming a member of CIT, Smith expended 5 yrs in machines finance at Wells Fargo and 15 yrs before that at GE Funds. He is a graduate of the University of Oregon with a degree in small business and finance.

Money Products Finance, portion of CIT’s Business Finance business, is a main provider of machines financing alternatives to middle marketplace and significant-cap businesses. The unit specializes in furnishing tools financial loans and leases with flexible conditions and fees customized to the devices needs and credit rating toughness of the borrower.

About CIT

CIT is a division of To start with Citizens Lender, the greatest loved ones-controlled financial institution in the United States, continuing a unique legacy of energy, stability and prolonged-phrase thinking that has spanned generations. Guardian corporation, To start with Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. monetary institution with additional than $100 billion in assets. The firm’s business banking phase brings a extensive array of ideal-in-course lending, leasing and banking services to center-marketplace providers and small enterprises from coast to coast. First Citizens also operates a nationwide immediate bank and a network of more than 600 branches in 22 states, numerous in significant-growth markets. Sector specialists carry a depth of experience that aids corporations and people today fulfill their distinct plans at just about every phase of their money journey. Uncover extra at cit.com/firstcitizens.

John M. Moran
[email protected]



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Source CIT, a division of First Citizens Lender