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.

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. The loan is secured by the Queen Esther, a modern container ship operated by a joint venture led by Lomar Corporation Limited, a longtime CIT client.

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

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.

CIT to Announce Third Quarter 2021 Financial Results

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.

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

First Citizens BancShares

A deal that would create a bank with more than $100 billion in assets has now been delayed, as the two parties await approval from the Federal Reserve.

This Large Bank Merger Just Got Riskier

CIT Group (CIT) and First Citizens (FCNCA) agree to extend their previously announced merger agreement from Oct 15, 2021, to Mar 1, 2022.

CIT Group (CIT), First Citizens (FCNCA) Extend Merger Agreement

First Citizens, CIT Extend Merger Agreement

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.

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

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.

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

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.

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

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.

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

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.

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

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.

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

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

CIT (CIT) Up 10.2% Since Last Earnings Report: Can It Continue?

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. The properties comprise nearly 200,000 square feet of industrial space across more than 11 acres on West Palm Beach's North Florida Mango Road, in close proximity to Interstate 95, the Florida Turnpike and West Palm Beach International Airport.

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

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.

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

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. Headquartered in Miami, Florida, Intermetal Rebar is a leading importer and distributor of reinforcing bar ("rebar") and other structural products to distributors, fabricators, and contractors in the non-residential construction industry.

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

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. Via Del Lago is planned as a 135-unit multifamily apartment complex in the attractive Rancho Belago real estate submarket.

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

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. Based in Milwaukee, Wisconsin, F Street Investments LLC is part of the F Street Group, an investment company that includes a number of industry verticals, including real estate, hospitality, lending, and emerging markets.

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

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. MPC Container Ships operates a fleet of 64 vessels.

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

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. Ronan, who was also promoted to senior vice president, will be based in New York and will oversee business development within Capital Equipment Finance for both the direct and indirect sales channels.

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

Higher revenues, decline in operating expenses and provision benefits support CIT Group's (CIT) Q2 earnings.

CIT Group (CIT) Beats on Q2 Earnings as Revenues Improve Y/Y

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. Based in Dallas and founded in 1990, Cornerstone Healthcare Group is a diversified healthcare company that manages a network of specialty hospitals, senior living communities, behavioral health facilities, and home health and hospice operations.

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

Shares of CIT Group (NYSE:CIT) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 437.10% year over year to $2.09, which beat the estimate of $0.90.

Recap: CIT Group Q2 Earnings

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

CIT Announces Second Quarter Financial Results

On Tuesday, July 27, CIT Group (NYSE:CIT) will release its latest earnings report. Benzinga's outlook for CIT Group is included in the following report.

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