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 Bank, nowadays announced that its Funds Machines Finance small business has named Eric Smith as a company development officer serving the West region.

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

Smith, who is primarily based in Increased Seattle, will be accountable for establishing, maintaining, and expanding client and prospect relationships within the region, which incorporates California, Oregon, Washington, Alaska and Hawaii.

“CIT has lengthy preserved a popularity for excellence in money devices funding,” claimed Kevin Ronan, senior vice president overseeing small business enhancement for both equally the immediate and indirect gross sales channels in Capital Tools Finance. “I’m self-confident Eric will support us grow on that legacy by supporting our consumers and their continued advancement in this crucial business sector.”

Smith is a economical gross sales expert with about 25 decades of encounter acquiring products-centered fiscal alternatives across a vast variety of industries. Prior to joining CIT, Smith used 5 years in devices finance at Wells Fargo and 15 a long time right before that at GE Funds. He is a graduate of the University of Oregon with a degree in company and finance.

Capital Products Finance, section of CIT’s Industrial Finance small business, is a top service provider of equipment financing options to center market place and big-cap enterprises. The unit specializes in providing equipment loans and leases with adaptable terms and rates personalized to the products wants and credit history energy of the borrower.

About CIT

CIT is a division of To start with Citizens Financial institution, the major relatives-controlled lender in the United States, continuing a exceptional legacy of toughness, balance and very long-term thinking that has spanned generations. Parent corporation, To start with Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial establishment with more than $100 billion in property. The company’s industrial banking section provides a vast array of very best-in-course lending, leasing and banking products and services to middle-market companies and small organizations from coastline to coastline. Very first Citizens also operates a nationwide immediate bank and a network of extra than 600 branches in 22 states, quite a few in substantial-progress markets. Marketplace experts carry a depth of knowledge that allows firms and folks satisfy their precise aims at each stage of their monetary journey. Explore a lot more at cit.com/firstcitizens.

MEDIA RELATIONS:
John M. Moran
212-461-5507
[email protected]