(:CIT)

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Jan 04, 2022 05:00 am ET

First Citizens Completes Merger With CIT Group

RALEIGH, N.C., Jan. 4, 2022 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), parent company of First-Citizens Bank & Trust Company ("First Citizens Bank"), today announced completion of its previously announced merger with CIT Group Inc. ("CIT").

Dec 28, 2021 05:02 pm ET

Calix Set to Join S&P MidCap 400; Douglas Elliman to Join S&P SmallCap 600

NEW YORK, Dec. 28, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:

Dec 28, 2021 08:00 am ET

CIT Provides $35.5 Million to Greenyield Shipping LLC

NEW YORK, Dec. 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping LLC.

Dec 21, 2021 08:31 am ET

Thinking about trading options or stock in Micron Technology, CIT Group, Moderna, Broadcom, or Coca-Cola?

NEW YORK, Dec. 21, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MU, CIT, MRNA, AVGO, and KO.

Dec 17, 2021 08:15 pm ET

First Citizens, CIT Announce Receipt of Regulatory Approvals for Merger

First Citizens BancShares, Inc. (NASDAQ: FCNCA) (“First Citizens”), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) (“CIT”), the parent company of CIT Bank, N.A., jointly announced that their previous...

Dec 17, 2021 07:15 pm ET

FIRST CITIZENS, CIT ANNOUNCE RECEIPT OF REGULATORY APPROVALS FOR MERGER

RALEIGH, N.C. and NEW YORK, Dec. 17, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), 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 merger has previously received approvals from the Federal Deposit Insurance Corporation and the Office of the North Carolina Commissioner of Banks.

Dec 16, 2021 08:00 am ET

CIT Arranges $34 Million in Financing for Senior Housing Community in Arizona

NEW YORK, Dec. 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of $34 million to refinance the Enclaves at Chandler, a senior housing community located in Chandler, Arizona.

Dec 15, 2021 08:00 am ET

CIT Provides $6.3 Million Financing to Diamond Communications LLC

NEW YORK, Dec. 15, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business provided $6.3 million to refinance corporate office properties for Diamond Communications LLC.

Dec 13, 2021 08:00 am ET

CIT donates 1.5 million meals to Feeding America® this holiday season

NEW YORK, Dec. 13, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the results of its fourth annual One Million Meals1 campaign to fight hunger in partnership with Feeding America®. CIT customers, employees, social media fans and others joined in to support the donation of 1.5 million meals to people in need and helped CIT exceed its original campaign goal by 50%.

Dec 02, 2021 08:00 am ET

CIT Leads Refinancing of $69 Million Strata Clean Energy Portfolio

NEW YORK, Dec. 2, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy LLC, a leading integrated solar and storage energy service provider based in North Carolina.

Nov 29, 2021 08:00 am ET

CIT Serves as Coordinating Lead Arranger for $210 Million Financing for Brazoria West Solar Project in Texas

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas.

Nov 16, 2021 10:00 am ET

CIT Launches Amenities Payment Feature for Community Association Banking Clients

NEW YORK, Nov. 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its Community Association Banking division has launched a new amenities feature in C-PropertyPay, a simple, secure payment system that lets residents and association members pay their dues, rent and other shared services fees online or via a mobile app.

Nov 16, 2021 08:00 am ET

CIT Northbridge Provides Financing for Baker & Taylor Acquisition

NEW YORK, Nov. 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility to support the acquisition of Baker & Taylor LLC, a premier provider of books, digital content and technology solutions to public and academic libraries.

Nov 08, 2021 08:00 am ET

CIT Arranges Up to $58 Million to Refinance Four Container Ships

NEW YORK, Nov. 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg.

Nov 04, 2021 09:00 am ET

CIT Arranges $55.5 Million Financing for Home Care and Hospice Provider New Day Health Care

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare.

Nov 02, 2021 09:00 am ET

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

NEW YORK, Nov. 2, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today 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.

Nov 01, 2021 11:00 am ET

CIT Launches One Million Meals Campaign to Fight Hunger

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the start of its annual partnership with Feeding America® to help provide One Million Meals1 to people facing hunger across the country.

Nov 01, 2021 09:00 am ET

CIT Providing $70 Million in Financing to Maritime Asset Partners

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling LLC.

Oct 29, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on $67.8 Million Financing for Upstate New York Solar Power and Battery Storage Portfolio

NEW YORK, Oct. 29, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for construction of the new AMP NY2 community solar and storage portfolio.

Oct 26, 2021 08:00 am ET

CIT Announces Third Quarter Financial Results

NEW YORK, Oct. 26, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its third quarter 2021 financial results. View the full press release.

Oct 21, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger for Up to $95 Million in Financing for Relaunch of Castle Rock Entertainment

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business served as sole lead arranger and administrative agent on up to $95 million in financing toward the relaunch of noted Hollywood film production company Castle Rock Entertainment.

Oct 19, 2021 09:00 am ET

CIT Provides Financing for Heavy Equipment Acquisition

NEW YORK, Oct. 19, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment.

Oct 18, 2021 04:15 pm ET

CIT Declares Dividends

NEW YORK, Oct. 18, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on Nov. 12, 2021 to common shareholders of record as of Oct. 29, 2021.

Oct 14, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on $26.5 Million Maritime Financing

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on $26.5 million in senior secured financing on behalf of Queen Esther Shipping Limited.

Oct 12, 2021 04:15 pm ET

CIT to Announce Third Quarter 2021 Financial Results

NEW YORK, Oct. 12, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its third quarter 2021 financial results on Tuesday, Oct. 26, 2021. The press release will be issued at 8:00 a.m. ET via PR Newswire and on the CIT News website.

Oct 07, 2021 10:00 am ET

Americans aren't spooked by Halloween spending, according to CIT Bank survey

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- After the pandemic halted many holiday celebrations and gatherings last year, Americans are excited to safely get back to their favorite Halloween traditions in 2021, according to CIT Bank's latest Halloween survey conducted by The Harris Poll. Expectations are on the rise, with more than a third (36%) of Americans expecting Halloween this year will be more fun than last.

Sep 30, 2021 04:15 pm ET

First Citizens, CIT Extend Merger Agreement

RALEIGH, N.C. and NEW YORK, Sept. 30, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced that the two companies have agreed to extend the merger agreement from October 15, 2021, to March 1, 2022.

Sep 30, 2021 04:15 pm ET

First Citizens, CIT Extend Merger Agreement

Sep 28, 2021 09:31 am ET

Thinking about trading options or stock in Bank of America, Exxon Mobil, CIT Group, Tesla, or Apple?

NEW YORK, Sept. 28, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, XOM, CIT, TSLA, and AAPL.

Sep 23, 2021 12:00 pm ET

OneWest Bank to Plant 50,000 Trees Through 'Green Checking' Campaign

PASADENA, Calif., Sept. 23, 2021 /PRNewswire/ -- OneWest Bank, CIT's Southern California retail bank division, today announced that it will plant 50,000 trees in the Sierra Nevada mountains in the Central Valley of California as a result of its Green Checking campaign in partnership with reforestation-focused nonprofit One Tree Planted.

Sep 21, 2021 09:00 am ET

CIT Northbridge Serves as Sole Lead Arranger on $45 Million Credit Facility for MVP Payroll Financing LLC

NEW YORK, Sept. 21, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $45 million senior secured credit facility for MVP Payroll Financing LLC.

Sep 16, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on $41.6 Million Financing for California Apartment Complex

NEW YORK, Sept. 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $41.6 million loan for the acquisition and renovation of The Devonshire Apartments in Hemet, California.

Sep 09, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on Financing for Houston-area Medical Office Building

NEW YORK, Sept. 9, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on financing for the acquisition of Hedwig Place, a 102,774-square-foot five-story medical office building close to downtown Houston, Texas.

Sep 08, 2021 09:00 am ET

CIT Names Eduard Vernède as Managing Director for Defense and Government Services

NEW YORK, Sept. 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that Eduard Vernède has joined the company as managing director in CIT's Aerospace, Defense & Government Services business.

Sep 01, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on $43 Million Financing for Portfolio of Medical Office Buildings

NEW YORK, Sept. 1, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a loan of about $43 million to finance the acquisition of a portfolio of medical office buildings in Florida and Arizona.

Aug 24, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on $26 Million Financing for West Palm Beach Industrial Portfolio

NEW YORK, Aug. 24, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $26 million loan for the acquisition of a three-building portfolio of industrial buildings in West Palm Beach, Florida.

Aug 18, 2021 10:00 am ET

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

NEW YORK, Aug. 18, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) and FRONTSTEPS today 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.

Aug 16, 2021 09:00 am ET

CIT Northbridge Serves as Sole Lead Arranger on $50 Million Credit Facility for Intermetal Rebar LLC

NEW YORK, Aug. 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $50 million credit facility for Intermetal Rebar LLC.

Aug 12, 2021 09:00 am ET

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

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today 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.

Aug 11, 2021 09:00 am ET

CIT Northbridge Serves as Sole Lead Arranger on $25 Million Credit Facility for F Street Investments

NEW YORK, Aug. 11, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $25 million credit facility for F Street Investments LLC, a lender to real estate investors and developers.

Aug 10, 2021 09:00 am ET

CIT Arranges $70 Million Secured Credit Facility for MPC Container Ships

NEW YORK, Aug. 10, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $70 million senior secured credit facility for MPC Container Ships, a leading provider in the feeder container ship market segment.

Jul 29, 2021 09:00 am ET

CIT Names Kevin Ronan as National Sales Director for Capital Equipment Finance Business

NEW YORK, July 29, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the appointment of Kevin Ronan as national sales director for the Capital Equipment Finance business.

Jul 28, 2021 09:00 am ET

CIT Serves as Lead Arranger of $100 Million Financing for Cornerstone Healthcare Group

NEW YORK, July 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Group Holdings Inc. and their long-term acute care hospital division.

Jul 27, 2021 08:00 am ET

CIT Announces Second Quarter Financial Results

NEW YORK, July 27, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its second quarter 2021 financial results. View the full press release.

Jul 21, 2021 09:00 am ET

CIT Provides $14.3 Million Financing to Depot Properties LLC

NEW YORK, July 21, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC.

Jul 20, 2021 09:00 am ET

CIT to Announce Second Quarter 2021 Financial Results

NEW YORK, July 20, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its second quarter 2021 financial results on Tuesday, July 27, 2021. The press release will be issued at 8:00 a.m. ET via PR Newswire and on the CIT News website.

Jul 19, 2021 04:15 pm ET

CIT Declares Dividends

NEW YORK, July 19, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on Aug. 13, 2021 to common shareholders of record as of July 30, 2021.

Jul 14, 2021 08:06 am ET

First Citizens, CIT Receive FDIC Approval Of Proposed Merger

RALEIGH, N.C. and NEW YORK, July 14, 2021 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced that the proposal to merge the two companies has received regulatory approval from the Federal Deposit Insurance Corporation ("FDIC").

Jul 14, 2021 08:02 am ET

First Citizens, CIT Receive FDIC Approval of Proposed Merger

First Citizens BancShares Inc. (NASDAQ: FCNCA) (“First Citizens”), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) (“CIT”), the parent company of CIT Bank, N.A., jointly announced that the proposal to merge...

Jul 13, 2021 09:00 am ET

CIT Serves as Lead Arranger for Approximately $68.4 Million in Financing for Crane Solar in Texas

NEW YORK, July 13, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, Texas, and an adjacent 25-megawatt battery development.

Jun 24, 2021 09:00 am ET

CIT Provides $42 Million in Financing for Dry Bulk Fleet

NEW YORK, June 24, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels.

Jun 22, 2021 09:00 am ET

CIT Northbridge Provides $30 Million Credit Facility to Online Luxury Accessories Retailer

NEW YORK, June 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $30 million credit facility to an online retailer of luxury accessories.

Jun 17, 2021 09:00 am ET

CIT Provides $42.8 Million Financing for Tampa Apartment Complex

NEW YORK, June 17, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apartment complex in Tampa, Florida.

Jun 15, 2021 09:00 am ET

CIT Serves as Sole Lead Arranger on $33.2 Million Financing for Brooklyn Medical Office Building

NEW YORK, June 15, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of a medical office building in Brooklyn, New York.

Jun 11, 2021 07:00 am ET

KKR and AV AirFinance Agree to Purchase CIT Aviation Lending Portfolio

NEW YORK, June 11, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it is selling its aviation loan portfolio to KKR. This is related to a previously announced definitive agreement for a portfolio that has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial aircraft. The loans have an average yield in the mid-single digits and an average term remaining of approximately four years.

Jun 10, 2021 09:00 am ET

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

NEW YORK, June 10, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today 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.

Jun 08, 2021 09:00 am ET

CIT Serves as Sole Lender on $20 Million Credit Facility for GEE Group Inc.

NEW YORK, June 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Group Inc. (NYSE American: JOB), a leading provider of professional staffing services and human resources solutions. Proceeds from the financing will be used to pay off existing debt and for general working capital purposes.

Feb 23, 2021 12:00 pm ET

OneWest Bank Opens New Branch in Watts Neighborhood of Los Angeles

PASADENA, Calif., Feb. 23, 2021 /PRNewswire/ -- OneWest Bank, CIT's Southern California retail bank division today announced the grand opening of its branch in the Watts neighborhood of Los Angeles. The branch offers a full array of deposit and lending solutions for consumers and small businesses, as well as a connected CIT mortgage lending office dedicated to supporting the community.

Feb 23, 2021 08:00 am ET

CIT Serves as Sole Lead Arranger on $45 Million Financing for Container Ships

NEW YORK, Feb. 23, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $45 million financing for a portfolio of seven container ships.

Feb 19, 2021 09:00 am ET

CIT's Direct Bank Launches Savings Connect

NEW YORK, Feb. 19, 2021 /PRNewswire/ -- CIT's national direct bank CIT Bank today announced the launch of Savings Connect, a digital savings account linked to an eChecking account. Savings Connect combines CIT Bank's eChecking with a higher than national average APY on savings and 24/7 access to accounts online, via the mobile app or through an ATM with a debit card. Savings Connect customers will enjoy all the benefits of CIT Bank, such as zero monthly maintenance fees, no ATM fees and reimbursement of up to $30 per month on other bank's ATM fees on eChecking withdrawals. [1]

Feb 18, 2021 08:00 am ET

CIT Provides $42.4 Million Financing for Nashville Apartment Complex

NEW YORK, Feb. 18, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.4 million in financing for the construction of the new apartment complex in Nashville, Tennessee, to be known as NOVEL Harpeth Heights by Crescent Communities.

Feb 17, 2021 08:00 am ET

CIT Closes on Asset-Based Credit Facility of up to $145 Million

NEW YORK, Feb. 17, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors.

Feb 11, 2021 11:00 am ET

CIT Serves as Co-Lead Arranger on $93.3 Million Battery Storage Portfolio

NEW YORK, Feb. 11, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas.

Feb 10, 2021 08:00 am ET

CIT Arranges $10.1 Million Loan for Nebraska Office Building

NEW YORK, Feb. 10, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business arranged $10.1 million in financing for construction of a new owner-occupied office building in Fremont, Nebraska.

Feb 09, 2021 12:02 pm ET

First Citizens, CIT Receive Stockholder Approval for Merger

Feb 09, 2021 11:00 am ET

First Citizens, CIT Receive Stockholder Approval For Merger

RALEIGH, N.C. and NEW YORK, Feb. 9, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced that, at their respective special meetings of stockholders held today, First Citizens and CIT received the stockholder approvals for the merger of the companies.

Feb 04, 2021 08:00 am ET

CIT Serves as Sole Lead Arranger on $16.1 Million Financing for Acquisition of Dialysis Center Portfolio

NEW YORK, Feb. 4, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on $16.1 million in financing for the acquisition of a portfolio of dialysis centers.

Feb 02, 2021 08:00 am ET

CIT Serves as Co-Lead Arranger on $165 Million Financing for iEnergizer

NEW YORK, Feb. 2, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business served as co-lead arranger and joint bookrunner for a $165 million financing on behalf of iEnergizer, a leading technology services and media solutions company.

Jan 28, 2021 08:30 am ET

CIT Named a Best Place to Work for LGBTQ Equality by Human Rights Campaign Foundation

NEW YORK, Jan. 28, 2021 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it received a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality for the second year in a row.

Jan 27, 2021 08:00 am ET

CIT Serves as Sole Lead Arranger on $48 Million Portfolio Financing of Medical Office Buildings

NEW YORK, Jan. 27, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger of senior debt financing aggregating $48 million for the acquisition of a portfolio of medical office buildings.

Jan 26, 2021 07:00 am ET

CIT Announces Fourth Quarter and Full Year 2020 Financial Results

NEW YORK, Jan. 26, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its fourth quarter and full year 2020 financial results. View the full press release.

Jan 25, 2021 01:19 pm ET

SHAREHOLDER ALERT: Halper Sadeh LLP Investigates OBLN, CIT, ZAGG, HLIX; Shareholders Are Encouraged to Contact the Firm

Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Obalon Therapeutics, Inc. (NASDAQ: OBLN) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties...

Jan 24, 2021 10:10 am ET

Lifshitz Law Firm, P.C. Announces Investigation of CBMG, CIT, HMSY, INFO, PS, SPWH, UROV, and WDR

NEW YORK, Jan. 24, 2021 /PRNewswire/ --

Jan 22, 2021 03:35 pm ET

CIT Declares Dividends

NEW YORK, Jan. 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on Feb. 19, 2021 to common shareholders of record as of Feb. 5, 2021.

Jan 22, 2021 10:44 am ET

ALERT: Halper Sadeh LLP Investigates the Following Companies on Behalf of Shareholders - CHNG, OXFD, SMTX, OBLN, ALXN, BYFC, CIT

NEW YORK, Jan. 22, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Jan 18, 2021 12:00 am ET

ALERT: Halper Sadeh LLP Reminds Investors of Its Ongoing Merger Investigations; Shareholders are Encouraged to Contact the Firm – NAV, WTRE, CIT, WDR

Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Navistar International Corporation (NYSE: NAV) concerning potential violations of the federal securities laws and/or breaches of fiduciary...

Jan 15, 2021 08:00 am ET

CIT to Announce Fourth Quarter 2020 Financial Results

NEW YORK, Jan. 15, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its fourth quarter 2020 financial results on Tuesday, Jan. 26, 2021. The press release will be issued at 8:00 a.m. ET via PR Newswire and on the CIT News website.

Jan 14, 2021 08:00 am ET

CIT Serves as Sole Lead Arranger of $56 Million Financing for Container Ships

NEW YORK, Jan. 14, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC.

Jan 13, 2021 08:00 am ET

CIT Leads $69 Million Financing for Solar Portfolio

NEW YORK, Jan. 13, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North Carolina.

Jan 12, 2021 09:57 am ET

INVESTIGATION ALERT: Halper Sadeh LLP Investigates TDY, WDR, PS, WTRE, CIT; Shareholders Are Encouraged to Contact the Firm

NEW YORK, Jan. 12, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Jan 12, 2021 08:00 am ET

CIT Provides $42.5 Million in Financing for St. Louis Apartment Project

NEW YORK, Jan. 12, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.5 million in financing for the construction of the new Terra At the Grove Apartment project in St. Louis, Missouri.

Jan 10, 2021 09:30 am ET

Lifshitz Law Firm, P.C. Announces Investigation of CIT, CPAH, INFO, MTSC, NAV, STND, UROV, and WTRE

NEW YORK, Jan. 10, 2021 /PRNewswire/ --

Jan 09, 2021 08:42 am ET

Halper Sadeh LLP Investigates the Following Mergers; Shareholders are Encouraged to Contact the Firm – RP, CHNG, TDY, CIT

Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: RealPage, Inc. (NASDAQ: RP) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to...

Jan 07, 2021 03:42 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds VSPR, CIT, ACAM, and CBMG Shareholders About Its Ongoing Investigations

NEW YORK, Jan. 7, 2021 /PRNewswire/ --

Jan 05, 2021 10:31 am ET

ALERT: Halper Sadeh LLP Investigates WTRE, CIT, ALSK, NAV, UROV; Shareholders Are Encouraged to Contact the Firm

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Dec 28, 2020 07:07 pm ET

SHAREHOLDER ALERT: Halper Sadeh LLP Investigates the Following Companies - CBLI, IPHI, CBMG, WTRE, CIT

NEW YORK, Dec. 28, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Dec 19, 2020 03:15 pm ET

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates the Following Companies - CIT, RESI, TNAV, ALSK, NAV

NEW YORK, Dec. 19, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Dec 17, 2020 10:08 pm ET

Lifshitz Law Firm, P.C. Announces Investigation of ARA, BBIO, EIDX, CIT, EMIS, FCNCA, FCNCB, EV, MS, NAV, STND, and WTRE

NEW YORK, Dec. 17, 2020 /PRNewswire/ --

Dec 16, 2020 07:36 pm ET

WeissLaw LLP Reminds RESI, CIT, MVC, and ALSK Shareholders About Its Ongoing Investigations

NEW YORK, Dec. 16, 2020 /PRNewswire/ --

Dec 16, 2020 12:00 pm ET

CIT Donates Two Million Meals to Fight Hunger

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- CIT Group Inc's (NYSE: CIT) annual partnership with Feeding America® has helped provide Two Million Meals1 to people in need this holiday season. With the support of its customers, employees and followers, the company brought awareness to the pressing issue of food insecurity across the country.

Dec 16, 2020 10:00 am ET

CIT Expands Community Association Banking Business with Three Key Hires

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has hired Vicki Jennings, Nicole Skaro and Jolen Zeroski in its Community Association Banking business. Jennings, Skaro and Zeroski will facilitate the growth of the Community Association Banking portfolio in Florida, the East Coast and the West Coast, respectively.

Dec 15, 2020 10:00 am ET

COVID-19 Hasn't Canceled New Year's Resolutions, According to CIT Bank Survey

NEW YORK, Dec. 15, 2020 /PRNewswire/ -- Despite the turbulence of 2020, Americans are not turning their backs on making goals for the year ahead. In fact, more Americans are planning to make New Year's resolutions for 2021 (43%) than did so for this year (35%), according to a new survey from CIT Bank conducted by The Harris Poll.

Dec 14, 2020 08:00 am ET

CIT Serves as Coordinating Lead Arranger for $323 Million Geothermal Financing

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $323 million refinancing of the Coso Geothermal power facility in Southern California.

Dec 12, 2020 09:23 am ET

INVESTIGATION ALERT: Halper Sadeh LLP Continues to Investigate the Following Companies; Shareholders are Encouraged to Contact the Firm – WTRE, CIT, RESI, XLNX

Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Watford Holdings Ltd. (NASDAQ: WTRE) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties...

Dec 09, 2020 12:58 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC, CIT, and CBLI Shareholders About Its Ongoing Investigations

NEW YORK,, Dec. 9, 2020 /PRNewswire/ --

Dec 09, 2020 08:00 am ET

CIT Serves as Coordinating Lead Arranger for $256 Million Texas Solar Financing

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $256 million financing for the 250-megawatt (MW) Taygete I Energy Project owned by 7X Energy, Inc (7X) and located in Pecos County, Texas.

Dec 08, 2020 11:00 am ET

CIT to Plant 50,000 Trees in Angeles National Forest

PASADENA, Calif., Dec. 8, 2020 /PRNewswire/ -- CIT and its Pasadena-based banking subsidiary CIT Bank, N.A. today announced that it will plant 50,000 trees in Angeles National Forest through a collaboration with One Tree Planted, a nonprofit organization focused on global reforestation.

Dec 04, 2020 09:31 am ET

INVESTIGATION ALERT: Halper Sadeh LLP Reminds Shareholders About Its Ongoing Merger Investigations; Investors are Encouraged to Contact the Firm – INFO, CIT, RESI

Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: IHS Markit Ltd. (NYSE: INFO) concerning potential violations of law relating to its sale to S&P Global Inc. Under the terms of the merger agreement, each share of...

Dec 03, 2020 08:00 am ET

CIT Serves as Sole Lender on $25 Million Revolving Credit Facility for KMS

NEW YORK, Dec. 3, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending and Sponsor Finance businesses collaborated to serve as agent and sole lender on a $25 million revolving credit facility for KMS, LLC, one of the nation's largest wholesalers of consumer product closeouts and special buys alongside its own line of KMS-sourced products.

Dec 02, 2020 12:45 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds DUC and CIT Shareholders About Its Ongoing Investigations

NEW YORK, Dec. 2, 2020 /PRNewswire/ --

Dec 02, 2020 08:00 am ET

CIT Northbridge Serves as Sole Lead Arranger on $20 Million Secured Credit Facility for Laurel Grocery

NEW YORK, Dec. 2, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Laurel Grocery Company LLC.

Dec 01, 2020 08:00 am ET

CIT Arranges $75 Million Credit Facility for One Call Corporation

NEW YORK, Dec. 1, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance group, part of the company's Commercial Finance division, has arranged a $75 million senior secured asset-based credit facility on behalf of One Call Corporation, a leading service provider to the workers' compensation industry.

Dec 01, 2020 12:13 am ET

SHAREHOLDER ALERT: Halper Sadeh LLP Reminds Shareholders About Its Ongoing Merger Investigations; Investors are Encouraged to Contact the Firm - CLCT, INFO, SNSS, RESI, CIT

NEW YORK, Dec. 1, 2020 /PRNewswire/ --

Nov 30, 2020 08:00 am ET

CIT Provides $38 Million Financing for Florida Apartment Complex

NEW YORK, Nov. 30, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided a $38 million senior secured loan toward the acquisition of an apartment complex in Winter Park, Florida.

Nov 25, 2020 10:24 pm ET

Halper Sadeh LLP Continues to Investigate the Following Mergers; Investors are Encouraged to Contact the Firm – ARA, CIT, CXO, RESI

Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: American Renal Associates Holdings, Inc. (NYSE: ARA) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to...

Nov 25, 2020 07:01 am ET

Lifshitz Law Firm, P.C. Announces Investigation of ARA, BBIO, BMCH, BLDR, CIT, EV, EIDX, NAV, STND and WTRE

NEW YORK, Nov. 25, 2020 /PRNewswire/ --

Nov 24, 2020 11:49 am ET

STOCKHOLDER ALERT: Monteverde & Associates Continues to Investigate the Following Merger

NEW YORK, Nov. 24, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating:

Nov 24, 2020 11:14 am ET

Moore Kuehn Encourages FBM, CIT, OSB, and CXO Investors to Contact Law Firm

Moore Kuehn, PLLC, a securities litigation law firm located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may ultimately seek...

Nov 23, 2020 07:31 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds UROV, CIT, HLIX, and CBLI Shareholders About Its Ongoing Investigations

NEW YORK, Nov. 23, 2020 /PRNewswire/ --

Nov 16, 2020 08:00 am ET

CIT Northbridge Credit Serves as Sole Lead Arranger on Senior Secured Credit Facility for Arizona Nutritional Supplements

NEW YORK, Nov. 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a senior secured credit facility for Arizona Nutritional Supplements LLC, a portfolio company of Endeavour Capital.

Nov 13, 2020 10:28 pm ET

SHAREHOLDER ALERT: Halper Sadeh LLP Reminds Shareholders About Its Investigations; Investors are Encouraged to Contact the Firm – ARA, CIT, CXO, RESI

Nov 13, 2020 05:59 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds CIT, HLIX, CBLI, and IPHI Shareholders About Its Ongoing Investigations

NEW YORK, Nov. 13, 2020 /PRNewswire/ --

Nov 12, 2020 12:31 pm ET

INVESTIGATION ALERT: Halper Sadeh LLP Reminds Shareholders About Its Ongoing Merger Investigations; Investors are Encouraged to Contact the Firm - CIT, CXO, BSTC, CBLI, PNM

NEW YORK, Nov. 12, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating:

Nov 12, 2020 08:00 am ET

CIT Serves as Joint Lead Arranger for $70 Million Financing for Personal Care Manufacturer

NEW YORK, Nov. 12, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Sponsor Finance business, part of the Commercial Finance division, served as joint lead arranger and joint bookrunner for a $70 million financing on behalf of Estyle Holdings Inc., makers of Eco Style hair gel and a wide range of other beauty and personal care products.

Nov 10, 2020 03:59 pm ET

Moore Kuehn Encourages NAV, ELY, CIT, and ALSK Investors to Contact Law Firm

NEW YORK, Nov. 10, 2020 /PRNewswire/ -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:

Nov 10, 2020 08:35 am ET

CIT Launches Two Million Meals Campaign to Fight Hunger

NEW YORK, Nov. 10, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the start of its annual partnership with Feeding America® and this year, will double its commitment in the fight against hunger and help donate Two Million Meals1 for people struggling with food insecurity across the country.

Nov 09, 2020 11:00 am ET

CIT Announces Grant to Urban League of San Diego to Enhance Digital Access During COVID-19

PASADENA, Calif., Nov. 9, 2020 /PRNewswire/ -- CIT and its Pasadena-based banking subsidiary CIT Bank, N.A. today announced a grant to Urban League of San Diego County (ULSDC) to enhance digital access for underrepresented individuals in San Diego County during COVID-19.

Nov 09, 2020 10:03 am ET

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of CIT Group, Inc. - CIT

NEW YORK, Nov. 9, 2020 /PRNewswire/ --

Nov 07, 2020 07:49 pm ET

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates the Following Mergers; Investors are Encouraged to Contact the Firm – EIDX, WTRE, ARA, CIT

Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: Eidos Therapeutics, Inc. (NASDAQ: EIDX) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to...

Nov 06, 2020 09:18 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds CIT, PCPL, LOAK, and MCAC Shareholders About Its Ongoing Investigations

NEW YORK, Nov. 6, 2020 /PRNewswire/ --

Nov 06, 2020 07:01 am ET

Lifshitz Law Firm, P.C. Announces Investigation of American Renal Associates Holdings, Inc., BMC Stock Holdings, Inc., Callaway Golf Company, Cellular Biomedicine Group, Inc., CIT Group Inc., Eidos Th

NEW YORK, Nov. 6, 2020 /PRNewswire/ --

Nov 03, 2020 01:15 pm ET

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of BSTC, CBMG, CIT, and STND Buyouts

Rigrodsky & Long, P.A. announces that it is investigating: BioSpecifics Technologies Corp. (NASDAQ GS: BSTC) regarding possible breaches of fiduciary duties and other violations of law related to BioSpecifics Technologies’ agreement to be acquired...

Oct 31, 2020 07:30 pm ET

ALERT: Halper Sadeh LLP Reminds Shareholders About Its Ongoing Merger Investigations; Investors are Encouraged to Contact the Firm - MVC, MOBL, STND, CIT

NEW YORK, Oct. 31, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating:

Oct 30, 2020 09:42 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Reminds SBPH, CIT, CCR, and MOBL Shareholders About Its Ongoing Investigations

NEW YORK, Oct. 30, 2020 /PRNewswire/ --

Oct 30, 2020 03:30 pm ET

Lifshitz Law Firm, P.C. Announces Investigation of American Renal Associates Holdings, Inc. (NYSE: ARA), Cellular Biomedicine Group, Inc. (NASDAQ: CBMG), and CIT Group Inc. (NYSE:CIT) and Mid-Con Ener

American Renal Associates Holdings, Inc. (NYSE: ARA) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of ARA to affiliates of Nautic Partners for $11.50 per share. If you are a...

Oct 29, 2020 09:00 am ET

CIT Serves as Coordinating Lead Arranger for $151 Million Solar Project Financing

NEW YORK, Oct. 29, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, Texas.

Oct 28, 2020 09:00 am ET

CIT Serves as Sole Lead Arranger on $39 Million Financing for Medical Office Buildings

NEW YORK, Oct. 28, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan for the acquisition of the North Hills Health Center in Menominee Falls, Wisconsin.

Oct 26, 2020 01:36 pm ET

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of CXO, BSTC, CIT, and EIDX Mergers

Rigrodsky & Long, P.A. announces that it is investigating: Concho Resources Inc. (NYSE: CXO) regarding possible breaches of fiduciary duties and other violations of law related to Concho Resources’ agreement to be acquired by ConocoPhillips....

Oct 26, 2020 12:00 pm ET

Hocus Pocus: Savings Focus

NEW YORK, Oct. 26, 2020 /PRNewswire/ -- Halloween will look different this year, but many still plan to celebrate according to CIT Bank's 2020 Halloween survey conducted by The Harris Poll. Of those who usually celebrate the holiday, 67% plan to do so this year.

Oct 23, 2020 06:59 pm ET

WeissLaw LLP Reminds USAU, CIT, and CBMG Shareholders About Its Ongoing Investigations

NEW YORK, Oct. 23, 2020 /PRNewswire/ --

Oct 23, 2020 04:44 pm ET

Lifshitz Law Firm, P.C. Announces Investigation of American Renal Associates Holdings, Inc., BMC Stock Holdings, Inc., Builders FirstSource, Inc., Cellular Biomedicine Group, Inc., CIT Group Inc., Eid

NEW YORK, Oct. 23, 2020 /PRNewswire/ --

Oct 23, 2020 04:35 pm ET

MERGER ALERT - CIT, BBIO, and LSAC: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies

NEW YORK, NY / ACCESSWIRE / October 23, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:

Oct 21, 2020 11:49 pm ET

CIT GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CIT Group Inc. - CIT

NEW ORLEANS, Oct. 21, 2020 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of CIT Group Inc. (NYSE: CIT) to First Citizens BancShares, Inc. (NasdaqGS: FCNCA). Under the terms of the proposed transaction, shareholders of CIT will receive only 0.0620 shares of First Citizens for each share of CIT that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Oct 21, 2020 11:46 am ET

Moore Kuehn Encourages MYOK, BSTC, CIT, and PE and Investors to Contact Law Firm

Oct 21, 2020 10:25 am ET

MERGER ALERT - CIT and BSTC: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies

NEW YORK, NY / ACCESSWIRE / October 21, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:

Oct 21, 2020 09:00 am ET

CIT Serves as Joint Lead Arranger on $175 Million Financing for MSTS®

NEW YORK, Oct. 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending and Sponsor Finance businesses, both part of the Commercial Finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions provider.

Oct 20, 2020 10:45 am ET

Should you invest in General Electric, Carnival Corp, CIT Group, General Motors, or Under Armour?

NEW YORK, Oct. 20, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GE, CCL, CIT, GM, and UAA.

Oct 19, 2020 09:54 pm ET

CIT GROUP ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CIT and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of CIT Group Inc. (NYSE: CIT) breached their fiduciary duties or violated the federal securities laws in...

Oct 19, 2020 03:14 pm ET

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of MYOK, CBMG, CIT, and STND Mergers

Rigrodsky & Long, P.A. announces that it is investigating: MyoKardia, Inc. (NASDAQ GS: MYOK) regarding possible breaches of fiduciary duties and other violations of law related to MyoKardia’s agreement to be acquired by Bristol-Myers Squibb...

Oct 19, 2020 11:20 am ET

MERGER ALERT - CIT, NOVS, and WTRE: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies

NEW YORK, NY / ACCESSWIRE / October 19, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:

Oct 17, 2020 04:10 pm ET

INVESTIGATION ALERT: Halper Sadeh LLP is Investigating the Following Companies; Investors are Encouraged to Contact the Firm - MOBL, CIT, WPX

NEW YORK, Oct. 17, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating:

Oct 16, 2020 09:49 pm ET

SHAREHOLDER ALERT: WeissLaw LLP Investigates CIT Group Inc.

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIT Group Inc. ("CIT" or the "Company") (NASDAQ: CIT) in connection with the proposed acquisition of the Company by First Citizens BancShares, Inc. ("FCNCA"). Under the terms of the acquisition agreement, CIT shareholders will receive 0.0620 shares of FCNCA class A common stock for each share of CIT common stock that they own, representing implied per-share merger consideration of $21.91 based upon FCNCA's October 15 closing price

Oct 16, 2020 05:57 pm ET

CIT GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of CIT Group Inc. - CIT

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of CIT Group Inc. (NYSE: CIT) to First Citizens BancShares, Inc. (NasdaqGS: FCNCA). Under the terms of the proposed transaction, shareholders of CIT will receive only 0.0620 shares of First Citizens for each share of CIT that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Oct 16, 2020 02:53 pm ET

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CIT Group Inc.

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by CIT Group Inc. (NYSE: CIT) and its board of directors concerning the proposed acquisition of the company by First Citizens BancShares, Inc. (NASDAQ: FCNCA). Stockholders will receive 0.0620 shares of First Citizens BancShares common stock for each share of CIT Group stock that they hold and will own approximately 39% of the combined company. The transaction is expected to close in the first half of 2021.

Oct 16, 2020 11:07 am ET

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of CIT Group Inc. Merger

Rigrodsky & Long, P.A. announces that it is investigating CIT Group Inc. (“CIT”) (NYSE: CIT) regarding possible breaches of fiduciary duties and other violations of law related to CIT’s agreement to be acquired by First Citizens BancShares, Inc....

Oct 16, 2020 10:35 am ET

Shareholder Alert: Ademi LLP Investigates whether CIT Group Inc. has obtained a Fair Price in its transaction with First Citizens BancShares, Inc.

MILWAUKEE, Oct. 16, 2020 /PRNewswire/ -- Ademi LLP is investigating CIT Group (NYSE: CIT) for possible breaches of fiduciary duty and other violations of the law in its transaction with First Citizens.

Oct 16, 2020 10:03 am ET

(CIT): Johnson Fistel Investigates Proposed Sale of CIT Group Inc.; Are Shareholders Getting a Fair Deal?

SAN DIEGO, Oct. 16, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of CIT Group Inc. (NYSE: CIT) ("CIT") breached their fiduciary duties in connection with the proposed sale of the Company to First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens").

Oct 16, 2020 09:47 am ET

CIT Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of CIT Group Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – CIT

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of CIT Group Inc. (NYSE: CIT) to First Citizens BancShares, Inc. is fair to CIT shareholders. On behalf of CIT shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Oct 16, 2020 09:31 am ET

Thinking about trading options or stock in CIT Group, Apple, Chewy, Boeing, or Nio Inc?

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CIT, AAPL, CHWY, BA, and NIO.

Oct 16, 2020 06:15 am ET

CIT Announces Third Quarter 2020 Financial Results

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its third quarter 2020 financial results. View the full press release.

Oct 16, 2020 06:00 am ET

First Citizens BancShares, Inc. and CIT Group Inc. Announce Transformational Partnership to Create a Top-Performing Commercial Bank

Oct 16, 2020 06:00 am ET

First Citizens BancShares, Inc. and CIT Group Inc. Announce Transformational Partnership to Create a Top-Performing Commercial Bank

RALEIGH, N.C. and NEW YORK, Oct. 16, 2020 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced today that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.

Oct 15, 2020 09:00 am ET

CIT Leads Expansion of Credit Facility to $400 Million for Mobilitie

NEW YORK, Oct. 15, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business has led an expansion of an existing credit facility to $400 million to support rapidly accelerating growth by Mobilitie Investments III LLC, a telecommunications infrastructure provider.

Oct 15, 2020 08:30 am ET

CIT Declares Dividends

NEW YORK, Oct. 15, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on Nov. 20, 2020 to common shareholders of record as of Nov. 6, 2020.

Sep 21, 2020 08:00 am ET

Protech Home Medical Secures US$20 Million Senior Credit Facility With CIT Group’s Healthcare Finance Business

Protech Home Medical Corp. (“Protech” or the “Company”) (TSXV: PTQ), (OTCQX: PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is very pleased to announce that it has entered into a US$20...

Aug 06, 2020 11:00 am ET

CIT Donates to Los Angeles-based A New Way of Life Reentry Project to Support Development of Safe Housing for Women

LOS ANGELES, Aug. 6, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has made a donation to A New Way of Life Reentry Project, which will help the organization convert a disused convent into safe housing for formerly incarcerated women in the Los Angeles area. The facility is expected to be completed in mid-August, addressing a community need identified by a customer of CIT's Southern California retail bank OneWest Bank as part of the company's Acts of Caring initiative.

Aug 06, 2020 11:00 am ET

CIT Funds Greenhouse Construction at Tarzana Community and Cultural Center

TARZANA, Calif., Aug. 6, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has made a donation to Tarzana Community and Cultural Center (TCCC) for the construction of a greenhouse in the organization's Children's Teaching Garden, a community need identified by a customer of CIT's Southern California retail bank OneWest Bank as part of the company's Acts of Caring initiative.

Aug 06, 2020 11:00 am ET

CIT Supports Housing for Homeless Families in Los Angeles with Grant to Upward Bound House

LOS ANGELES, Aug. 6, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has made a donation that will completely furnish ten temporary housing apartments for Upward Bound House, an organization working to eliminate homelessness among families with children in Los Angeles. The donation addresses a community need identified by a customer of CIT's Southern California retail bank OneWest Bank as part of the company's Acts of Caring initiative.

Aug 04, 2020 09:00 am ET

CIT Donates 100,000 Meals to NJ-based Table to Table

LIVINGSTON, N.J., Aug. 4, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has made a donation to provide enough fresh food for 100,000 meals to Table to Table, a community-based food rescue program that redistributes would-be wasted food to those in need. The donation addresses food insecurity in the Northern New Jersey-area, a community need identified by a CIT direct bank customer as part of the company's Acts of Caring initiative.

Jul 30, 2020 02:00 pm ET

CIT Supports Educational Equality with Donation to NAACP Ventura County Chapter

VENTURA, Calif., July 30, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has made a donation to the Ventura County Chapter of the NAACP, an organization dedicated to ensuring the educational, social and economic equality of rights of all persons. The donation supports the chapter's scholarship program to advance educational equality, a community need identified by a customer of CIT's Southern California retail bank division as part of the company's Acts of Caring initiative.

Jul 30, 2020 09:00 am ET

CIT Donates Meals to Veteran Families Through Mission 22

PORTSMOUTH, N.H., July 30, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has donated meals to Mission 22, an organization supporting the veteran community through treatment programs, memorials and community social impact. This donation will feed up to 25 veteran families for one month through Mission 22's Vets Feeding Vets grocery assistance program, a cause nominated by a CIT Community Association Banking (CAB) customer in Exeter, NH as part of CIT's Acts of Caring initiative.

Jul 29, 2020 01:00 pm ET

CIT leads $25 million financing deal for MLK Community Hospital Medical Office Building

NEW YORK, July 29, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) and its Healthcare Finance unit today announced a $25 million loan supporting Seavest Healthcare Properties' acquisition of the MLK Community Hospital Medical Office Building in South Los Angeles. The private, nonprofit hospital provides essential healthcare services for residents of the Watts, Compton and Willowbrook neighborhoods of Los Angeles.

Jul 27, 2020 11:16 am ET

CIT Donates to Lynn Haven, FL-based The Arc of the Bay

JACKSONVILLE, Fla., July 27, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has made a donation to The Arc of the Bay, a nonprofit organization based in Lynn Haven, FL that provides support and opportunities for adults with disabilities. The donation supports the organization's Culinary Institute which helps individuals with disabilities obtain employment, a community need identified by a CIT equipment financing customer as part of CIT's Acts of Caring initiative.

Jul 24, 2020 11:15 am ET

CIT Supports Customer Effort to Address Hunger Relief in Southern Nevada

LAS VEGAS, July 24, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has donated 30,000 meals to those in need through Three Square Food Bank, Southern Nevada's only food bank and the area's largest hunger-relief organization. The donation multiplies the generosity of a CIT direct bank customer, who identified the need in their community as part of CIT's Acts of Caring initiative.

Jul 22, 2020 03:00 pm ET

CIT Joins with Flushing Town Hall to Provide Virtual Community Programming for Families

NEW YORK, July 22, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that the nonprofit Flushing Town Hall received the most support from customers and followers in its Acts of Caring online poll, and as a result the company will double its grant to expand virtual family programming for the diverse communities of Queens, NY.

Jul 21, 2020 06:30 am ET

CIT Announces Second Quarter 2020 Financial Results

NEW YORK, July 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its second quarter 2020 financial results. View the full press release.

Jul 17, 2020 09:00 am ET

CIT Declares Dividends

NEW YORK, July 17, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on Aug. 21, 2020 to common shareholders of record as of Aug. 7, 2020.

Jul 16, 2020 11:03 am ET

CIT Leads $126 Million Financing for 108-Megawatt Solar Project in North Carolina

NEW YORK, July 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy unit served as lead arranger on a $126 million financing for the 108-megawatt (MW) direct current Trent River Solar project in Pollocksville, North Carolina.

Jul 15, 2020 09:00 am ET

CIT Northbridge Credit Serves as Sole Lead Arranger on $40 Million Credit Facility for Europa Sports Products

NEW YORK, July 15, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Europa Sports Products LLC.

Jul 09, 2020 12:00 pm ET

CIT Names Managing Director to Lead Asset-Based Lending Unit

NEW YORK, July 9, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has named Chris Esposito as managing director in charge of its newly expanded Asset-Based Lending business.

Jul 08, 2020 02:04 pm ET

CIT Joins with Customers to Deliver Acts of Caring to Communities

NEW YORK, July 8, 2020 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has joined together with its customers on its Acts of Caring program to support critical needs in communities across the country. CIT invited customers to nominate a need in their hometown and share how the company could support those efforts on their behalf. Ten projects were selected and will be fulfilled this summer.

Jul 08, 2020 09:00 am ET

CIT to Announce Second Quarter 2020 Financial Results

NEW YORK, July 8, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its second quarter 2020 financial results on Tuesday, July 21, 2020. The press release will be issued at 6:30 a.m. ET via PR Newswire and on the CIT News website. The presentation and financial supplements will be posted in the Presentations & Events section of CIT's Investor Relations website shortly thereafter.

Jul 07, 2020 12:00 pm ET

CIT Leads $118.5 Million Financing for North Carolina Solar Project

NEW YORK, July 7, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, North Carolina.

Jun 25, 2020 12:00 pm ET

CIT Northbridge Credit Serves as Sole Lender on $50 Million Credit Facility for CITIES Market Studios

NEW YORK, June 25, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $50 million senior secured revolving credit facility for CITIES Market Studios.

Jun 24, 2020 09:00 am ET

CIT Leads $85 Million Financing for 80-Megawatt Pioneer Solar Project in Colorado

NEW YORK, June 24, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver, Colorado.

Jun 18, 2020 09:00 am ET

CIT Provides $35.9 Million in Financing for Construction of Apartment Building

NEW YORK, June 18, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided a $35.9 million senior secured loan for construction of a new 183-unit apartment building in Stamford, Connecticut.

Jun 17, 2020 09:00 am ET

CIT Northbridge Credit Serves as Sole Lender on $20 Million Credit Facility for Marquis Construction

NEW YORK, June 17, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services LLC.

Jun 16, 2020 05:19 pm ET

CIT Announces Pricing Of $500 Million Of 3.929% Senior Unsecured Fixed-To-Floating Rate Notes

NEW YORK, June 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) ("CIT") today announced the pricing of a public offering of $500 million aggregate principal amount of 3.929% senior unsecured fixed-to-floating rate notes due 2024 (the "Notes"). The Notes priced at par. The Notes will bear interest at a fixed rate per annum of 3.929% from and including the date of original issuance to but excluding June 19, 2023 payable semiannually in arrears on June 19 and December 19 beginning December 19, 2020. From and including June 19, 2023 until the maturity of the Notes, the Notes will bear interes

Jun 16, 2020 08:52 am ET

CIT Announces Public Offering Of Senior Unsecured Fixed-To-Floating Rate Notes

NEW YORK, June 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) ("CIT") today announced that it has commenced a public offering of Securities and Exchange Commission (SEC) registered senior unsecured fixed-to-floating rate notes (the "Notes"). CIT intends to use the net proceeds from the offering for general corporate purposes.

Jun 10, 2020 09:00 am ET

CIT Northbridge Credit Participates in $60 Million Financing for Stock+Field

NEW YORK, June 10, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, provided $40 million of a $60 million senior secured credit facility for Stock+Field, a leading farm, home and outdoor retailer.

Jun 03, 2020 09:10 am ET

CIT Serves as Agent on $185 Million Credit Facility for Orscheln Farm and Home

NEW YORK, June 3, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home LLC, a leading retailer of farm supplies, home improvement essentials and general merchandise.

Jun 02, 2020 08:30 am ET

CIT Bank Announces Expiration of Tender Offer for its 2.969% Senior Unsecured Fixed-to-Floating Rate Notes Due 2025

NEW YORK, June 2, 2020 /PRNewswire/ -- CIT Bank, N.A. (CIT Bank), the banking subsidiary of CIT Group Inc. (NYSE: CIT) (CIT), today announced that the previously announced cash tender offer to purchase any and all of its 2.969% Senior Unsecured Fixed-to-Floating Rate Notes due 2025 (Notes) expired at 5:00 p.m., New York City time, on June 1, 2020 (Expiration Time). As of the Expiration Time, $234,751,000 aggregate principal amount of the Notes (42.68% of Notes outstanding) were validly tendered. There were no Notes subject to guaranteed delivery procedures. CIT Bank expects to accept for pa

Jun 01, 2020 09:00 am ET

CIT Leads $225 Million Letter of Credit Facility for 8minute Solar Energy to Support Its Renewable Energy Development Projects

NEW YORK, June 1, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy (8minute), a leading developer of renewable energy projects nationwide.

May 27, 2020 01:00 pm ET

CIT Wins Three Stevie® American Business Awards

NEW YORK, May 27, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has won three Stevie® American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year.

May 26, 2020 08:46 am ET

CIT Bank Announces Commencement of Tender Offer for its 2.969% Senior Unsecured Fixed-to-Floating Rate Notes Due 2025

NEW YORK, May 26, 2020 /PRNewswire/ -- CIT Bank, N.A. (CIT Bank), the banking subsidiary of CIT Group Inc. (NYSE: CIT) (CIT), today announced that it has commenced a cash tender offer to purchase any and all of its 2.969 % Senior Unsecured Fixed-to-Floating Rate Notes due 2025. As of May 26, 2020, CIT Bank had $550 million aggregate principal amount of the notes outstanding. The tender offer is being made pursuant to an offer to purchase, dated as of May 26, 2020, and a notice of guaranteed delivery. The tender offer will expire at 5:00 p.m., New York City time, on June 1, 2020, unless exten

May 21, 2020 09:00 am ET

Lenovo Extends Financial Services Program with CIT

NEW YORK, May 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) and Lenovo announced a three-year program extension to their Lenovo Financial Services program, continuing the decade-long relationship. Under the extension, CIT will continue to provide a broad range of vendor financing solutions for U.S. clients and customers who utilize Lenovo's extensive range of technology products and services.

May 20, 2020 11:00 am ET

CIT Provides $37.3 Million Investment for Jordan Downs Apartment Project

PASADENA, Calif., May 20, 2020 /PRNewswire/ -- CIT and its Pasadena-based banking subsidiary CIT Bank, N.A. today announced a $37.3 million investment in the Jordan Downs Apartments Project, a 92-unit multifamily apartment complex to support low-to-moderate income families in the Watts neighborhood of Los Angeles.

May 14, 2020 09:00 am ET

CIT Provides $21 Million Medical Office Portfolio Loan

NEW YORK, May 14, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit served as the sole lead arranger on a $21 million acquisition financing for a portfolio of medical facilities in Texas.

May 07, 2020 07:27 pm ET

CIT Leads $217 Million Financing for Hillcrest Solar Project in Ohio

NEW YORK, May 7, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, Ohio.

May 01, 2020 09:00 am ET

CIT Announces 2020 Virtual Annual Meeting of Stockholders

NEW YORK, May 1, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its 2020 Annual Meeting of Stockholders will be held in a virtual-only format due to the public health concerns and current official guidance related to the COVID-19 pandemic. An in-person meeting will not be held this year. The meeting remains on Tuesday, May 12, 2020 at 11 a.m. ET.

Apr 30, 2020 09:00 am ET

CIT Adds Regional Community Association Banking Executives in Florida Market

NEW YORK, April 30, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Community Association Banking (CAB) business has added two new regional account executives to serve property management companies and homeowner association banking needs in the Florida market.

Apr 29, 2020 11:00 am ET

CIT Provides Investment to the Local Initiatives Support Corporation of San Diego

PASADENA, Calif., April 29, 2020 /PRNewswire/ -- CIT and its Pasadena-based banking subsidiary today announced a $3 million investment in support of the Local Initiatives Support Corporation of San Diego (LISC)'s Neighborhood Catalyst Fund. CIT's investment is expected to help create 1,350 affordable housing units for low-to-moderate income residents of San Diego County.

Apr 28, 2020 09:00 am ET

CIT Collaborates with Fintainium to Provide Fintech Payments Solution

NEW YORK, April 28, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses.

Apr 28, 2020 08:45 am ET

FINTAINIUM ™, Inc., collaborates with CIT Group Inc Treasury and Payments Services to provide three months free access to their Workflow and Payments Platform providing immediate cashflow support that

JACKSONVILLE, Fla., April 28, 2020 /PRNewswire/ -- FINTAINIUM™, Inc. announces a vital technology collaboration with CIT Group Inc, NA (NYSE: CIT) Treasury & Payments Services business, to offer FINTAINIUM'S patent-pending, cloud-based, financial workflow management platform (AR/AP/Dynamic Negotiation) to small and medium companies. Leveraging CIT's advanced payments capabilities and FINTAINIUM'S cloud-based platform, the collaborative solution improves financial workflow, increases management visibility and reporting, and provides outstanding payment execution, enhancing cashflow suppor

Apr 23, 2020 12:00 pm ET

CIT Leads $325 Million Financing for Mobilitie

NEW YORK, April 23, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications unit served as joint lead arranger and administrative agent for a $325 million round of financing for Mobilitie Investments III LLC, a telecommunications infrastructure provider.

Apr 21, 2020 06:00 am ET

CIT Announces First Quarter 2020 Financial Results

NEW YORK, April 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its first quarter 2020 financial results. View the full press release.

Apr 20, 2020 11:00 am ET

OneWest Bank Introduces Financial Education Activities to Celebrate Teach Children to Save Day

PASADENA, Calif., April 20, 2020 /PRNewswire/ -- OneWest Bank, CIT's Southern California retail bank division, today announced its support of Teach Children to Save Day today by introducing a new financial education tip sheet to help parents and families instill the importance of saving from an early age.

Apr 16, 2020 08:30 am ET

CIT Declares Dividends

NEW YORK, April 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The common stock dividend is payable on May 22, 2020 to common shareholders of record as of May 8, 2020.

Apr 14, 2020 09:00 am ET

CIT to Announce First Quarter 2020 Financial Results

NEW YORK, April 14, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its first quarter 2020 financial results on Tuesday, April 21, 2020. The press release will be issued at 6 a.m. ET via PR Newswire and on the CIT News website. The presentation and financial supplements will be posted in the Presentations & Events section of CIT's Investor Relations website shortly thereafter.

Apr 13, 2020 09:31 am ET

Thinking about buying stock in Carnival Corp, CIT Group, General Motors, Penn National Gaming, or Sealed Air Corp?

NEW YORK, April 13, 2020 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CCL, CIT, GM, PENN, and SEE.

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