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

NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of 1st Citizens Financial institution, nowadays declared that its Cash Machines Finance organization has named Eric Smith as a business enhancement officer serving the West area.

Smith, who is centered in Higher Seattle, will be accountable for producing, preserving, and growing consumer and prospect associations within just the location, which features California, Oregon, Washington, Alaska and Hawaii.

“CIT has long taken care of a track record for excellence in money tools financing,” reported Kevin Ronan, senior vice president overseeing small business development for equally the direct and indirect gross sales channels in Cash Equipment Finance. “I’m self-assured Eric will assist us develop on that legacy by supporting our clientele and their continued growth in this critical sector sector.”

Smith is a economical revenue expert with more than 25 decades of knowledge developing gear-primarily based financial alternatives throughout a large range of industries. Prior to signing up for CIT, Smith expended 5 decades in tools finance at Wells Fargo and 15 decades right before that at GE Funds. He is a graduate of the College of Oregon with a degree in business enterprise and finance.

Money Gear Finance, component of CIT’s Business Finance organization, is a primary supplier of devices financing options to middle market place and huge-cap businesses. The unit specializes in giving tools financial loans and leases with flexible terms and charges personalized to the equipment wants and credit score toughness of the borrower.

About CIT

CIT is a division of Initially Citizens Lender, the greatest family-controlled bank in the United States, continuing a exceptional legacy of energy, security and extensive-time period contemplating that has spanned generations. Father or mother corporation, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a best 20 U.S. economical institution with extra than $100 billion in assets. The company’s industrial banking section brings a broad array of best-in-class lending, leasing and banking expert services to middle-market organizations and tiny corporations from coastline to coastline. Very first Citizens also operates a nationwide immediate financial institution and a community of a lot more than 600 branches in 22 states, numerous in significant-progress marketplaces. Sector professionals provide a depth of skills that helps businesses and men and women meet up with their certain goals at every phase of their fiscal journey. Find additional at cit.com/firstcitizens.

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Source CIT, a division of Initial Citizens Bank