CIT Group

CIT Group - aircraft leasing business ia a provider of an aircraft leasing and lease management services.

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CIT Group is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing, and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment, and rail leasing. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. CIT is headquartered in New York City.

First Citizens BancShares

First Citizens (FCNCA) completes the merger with CIT Group, leading to the creation of the 20th largest bank in the United States in terms of assets.

First Citizens (FCNCA) Closes Merger Agreement With CIT Group

Calix

Vector Group

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: Douglas Elliman Inc. (NYSE: DOUG) will be added to the S&P SmallCap 600 prior to the open of trading on Thursday, December 30, replacing Matrix Service Co. (NASD: MTRX), which will be removed from the S&P SmallCap 600 effective prior to the open of trading on Friday, December 31. S&P SmallCap 600 constituent Vector Group Ltd.

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

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. Greenyield is managed by Hayfin Capital Management, one of Europe's leading alternative asset management firms, which has employed a multi-disciplined approach towards investments in the maritime sector and has over the last five years invested in more than 65 vessels across the tanker, containerships, dry bulk, LNG and offshore segments.

CIT Provides $35.5 Million to Greenyield Shipping LLC

Investors waited more than 420 days for the deal to close.

First Citizens' Long-Delayed Merger With CIT Is Approved. The Stock Is Climbing.

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.

FIRST CITIZENS, CIT ANNOUNCE RECEIPT OF REGULATORY APPROVALS FOR MERGER

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. The financing was provided to Spectrum Retirement Communities LLC, a leading developer, owner and operator of senior housing communities headquartered in Denver, Colorado.

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

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. Diamond Communications is one of the largest private wireless infrastructure companies in the U.S., managing over 290,000 properties and structures across the country.

CIT Provides $6.3 Million Financing to Diamond Communications LLC

NEW YORK, Dec. 13, 2021 /PRNewswire/ -- CIT Group Inc.  (NYSE: CIT) today announced the results of its fourth annual One Million Meals 1 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%.

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

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. The portfolio consists of 21 operating solar assets located throughout North Carolina and totaling more than 130 megawatts of generation capacity.

CIT Leads Refinancing of $69 Million Strata Clean Energy Portfolio

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. Located in the Greater Houston power market Brazoria West Solar Project is a utility-scale solar project with 260 megawatts of direct current generation capacity.

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

CIT (CIT) reported earnings 30 days ago. What's next for the stock?

Why Is CIT (CIT) Up 8.9% Since Last Earnings Report?

CIT Group Inc.'s Community Association Banking division has launched a new amenities feature in C-PropertyPay, a secure payment system to help residents and association members pay their dues, rent and other shared services fees online or via a mobile app, according to a company announcement Tuesday (Nov. 16).  CIT Community Association Banking clients who use […]

CIT Debuts Amenities Payment Feature

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. Available to CIT Community Association Banking clients that use C-PropertyPay, the amenities feature allows residents to now pay for additional items such as pool keys, access cards and more in one system.

CIT Launches Amenities Payment Feature for Community Association Banking Clients

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. Baker & Taylor, which is headquartered in Charlotte, N.C.

CIT Northbridge Provides Financing for Baker & Taylor Acquisition

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. The financing includes both term loan and delayed draw components.

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

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. New Day Healthcare, founded by long term home care executive G.

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

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. Serving hundreds of the world's most recognizable brands, PRO Unlimited offers modern workforce management and a partner ecosystem supported by data, software, intelligence and services to meet organizations' flexible workforce needs.

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

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 Meals 1 to people facing hunger across the country. "We're proud to again partner with Feeding America on our annual hunger-relief campaign to battle food insecurity in our communities," said CIT Chief Marketing and Communications Officer Gina Proia.

CIT Launches One Million Meals Campaign to Fight Hunger

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. Maritime Asset Partners is a specialized finance platform focused on leasing, secured lending and structured equity solutions.

CIT Providing $70 Million in Financing to Maritime Asset Partners

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. CIT led the financing on behalf of Amp Energy, which is developing a renewable energy portfolio consisting of five separate solar power generation systems at four project sites located throughout central New York State.

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

CIT Group (CIT) witnesses a decline in revenues and expenses in the third quarter of 2021.

CIT Group (CIT) Q3 Earnings Beat, Revenues & Costs Decline Y/Y

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

CIT Announces Third Quarter Financial Results

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. Castle Rock was founded in 1987 by Academy Award nominated director Rob Reiner, who will remain as CEO of the relaunched firm, along with Martin Shafer, Andrew Scheinman, Glenn Padnick and Alan Horn.

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

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. The equipment consists primarily of yard loaders and articulated dump trucks, which the client is using to upgrade its fleet of heavy equipment.

CIT Provides Financing for Heavy Equipment Acquisition

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.

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