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 Lender, currently announced that its Cash Products Finance small business has named Eric Smith as a business growth officer serving the West region.

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

Smith, who is dependent in Better Seattle, will be dependable for creating, protecting, and expanding client and prospect interactions inside of the area, which consists of California, Oregon, Washington, Alaska and Hawaii.

“CIT has long taken care of a name for excellence in funds devices financing,” mentioned Kevin Ronan, senior vice president overseeing business development for both of those the direct and indirect profits channels in Money Machines Finance. “I’m self-confident Eric will help us grow on that legacy by supporting our consumers and their continued progress in this essential sector sector.”

Smith is a monetary product sales specialist with about 25 yrs of expertise establishing equipment-dependent financial options throughout a wide vary of industries. Prior to joining CIT, Smith used 5 decades in gear finance at Wells Fargo and 15 a long time right before that at GE Capital. He is a graduate of the University of Oregon with a diploma in business enterprise and finance.

Funds Machines Finance, part of CIT’s Commercial Finance business enterprise, is a foremost provider of products funding solutions to middle current market and big-cap businesses. The device specializes in supplying tools loans and leases with versatile terms and costs personalized to the equipment wants and credit toughness of the borrower.

About CIT

CIT is a division of First Citizens Financial institution, the most significant family members-controlled lender in the United States, continuing a distinctive legacy of power, stability and extended-phrase thinking that has spanned generations. Dad or mum enterprise, 1st Citizens BancShares, Inc. (NASDAQ: FCNCA) is a prime 20 U.S. economical establishment with a lot more than $100 billion in belongings. The firm’s commercial banking segment delivers a large array of very best-in-course lending, leasing and banking expert services to center-current market corporations and compact organizations from coast to coastline. To start with Citizens also operates a nationwide direct lender and a network of extra than 600 branches in 22 states, lots of in large-expansion markets. Field experts convey a depth of know-how that aids corporations and folks meet their unique ambitions at every stage of their economic journey. Find out a lot more at cit.com/firstcitizens.

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