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

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NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of Initial Citizens Bank, right now introduced that its Cash Equipment Finance business has named Eric Smith as a organization advancement officer serving the West location.

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

Smith, who is based mostly in Greater Seattle, will be responsible for establishing, retaining, and expanding client and prospect relationships within the area, which includes California, Oregon, Washington, Alaska and Hawaii.

“CIT has long preserved a name for excellence in capital gear financing,” stated Kevin Ronan, senior vice president overseeing business development for the two the direct and indirect gross sales channels in Capital Machines Finance. “I am confident Eric will enable us increase on that legacy by supporting our consumers and their ongoing advancement in this important market sector.”

Smith is a money income experienced with about 25 decades of experience developing machines-centered economical remedies throughout a vast vary of industries. Prior to signing up for CIT, Smith expended five many years in gear finance at Wells Fargo and 15 yrs right before that at GE Funds. He is a graduate of the College of Oregon with a degree in small business and finance.

Capital Equipment Finance, element of CIT’s Professional Finance organization, is a leading service provider of devices funding answers to center industry and huge-cap companies. The device specializes in delivering machines financial loans and leases with flexible conditions and charges tailored to the equipment requires and credit score power of the borrower.

About CIT

CIT is a division of Very first Citizens Lender, the premier household-managed financial institution in the United States, continuing a one of a kind legacy of strength, stability and extended-term thinking that has spanned generations. Mum or dad enterprise, Very first Citizens BancShares, Inc. (NASDAQ: FCNCA) is a major 20 U.S. fiscal institution with far more than $100 billion in assets. The company’s professional banking phase provides a huge array of best-in-class lending, leasing and banking solutions to middle-marketplace providers and little enterprises from coastline to coast. Very first Citizens also operates a nationwide immediate bank and a community of additional than 600 branches in 22 states, numerous in higher-expansion markets. Business specialists provide a depth of experience that assists enterprises and persons meet their unique aims at each and every stage of their economic journey. Discover much more at cit.com/firstcitizens.

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John M. Moran
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