21/05/2024 12:25 AM


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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 Initial Citizens Financial institution, currently declared that its Capital Tools Finance organization has named Eric Smith as a enterprise growth officer serving the West region.

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

(PRNewsfoto/CIT, a division of Very first Citizens Lender)

Smith, who is centered in Better Seattle, will be accountable for establishing, maintaining, and growing customer and prospect relationships in just the area, which consists of California, Oregon, Washington, Alaska and Hawaii.

“CIT has very long managed a popularity for excellence in capital tools financing,” mentioned Kevin Ronan, senior vice president overseeing business enterprise advancement for the two the direct and oblique sales channels in Money Machines Finance. “I’m self-confident Eric will help us grow on that legacy by supporting our purchasers and their continued expansion in this crucial field sector.”

Smith is a economical profits experienced with above 25 several years of expertise building machines-centered fiscal options throughout a large selection of industries. Prior to becoming a member of CIT, Smith invested five yrs in machines finance at Wells Fargo and 15 several years just before that at GE Funds. He is a graduate of the College of Oregon with a degree in business enterprise and finance.

Funds Tools Finance, element of CIT’s Commercial Finance company, is a leading service provider of tools financing methods to center sector and massive-cap organizations. The unit specializes in providing tools loans and leases with adaptable phrases and prices tailored to the machines demands and credit strength of the borrower.

About CIT

CIT is a division of First Citizens Bank, the premier household-controlled lender in the United States, continuing a one of a kind legacy of toughness, steadiness and lengthy-time period imagining that has spanned generations. Mum or dad firm, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. monetary establishment with much more than $100 billion in assets. The company’s industrial banking segment brings a broad array of very best-in-course lending, leasing and banking solutions to middle-market place providers and little corporations from coastline to coastline. Very first Citizens also operates a nationwide direct lender and a network of much more than 600 branches in 22 states, numerous in superior-progress markets. Field professionals carry a depth of abilities that allows corporations and men and women meet their specific goals at each individual stage of their money journey. Find far more at cit.com/firstcitizens.

John M. Moran
[email protected]



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Resource CIT, a division of To start with Citizens Lender