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


NEW YORK, April 14, 2022 /PRNewswire/ — CIT, a division of Initially Citizens Financial institution, nowadays declared that its Money Machines Finance company has named Eric Smith as a organization improvement officer serving the West area.

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

(PRNewsfoto/CIT, a division of Very first Citizens Lender)

Smith, who is primarily based in Increased Seattle, will be accountable for acquiring, keeping, and increasing client and prospect relationships in just the location, which contains California, Oregon, Washington, Alaska and Hawaii.

“CIT has lengthy maintained a name for excellence in funds products funding,” claimed Kevin Ronan, senior vice president overseeing small business advancement for equally the immediate and indirect gross sales channels in Funds Machines Finance. “I am self-confident Eric will support us extend on that legacy by supporting our consumers and their ongoing expansion in this critical sector sector.”

Smith is a money sales professional with in excess of 25 decades of experience building gear-primarily based money solutions across a wide variety of industries. Prior to becoming a member of CIT, Smith expended five several years in equipment finance at Wells Fargo and 15 a long time in advance of that at GE Funds. He is a graduate of the University of Oregon with a degree in business enterprise and finance.

Money Gear Finance, part of CIT’s Professional Finance enterprise, is a primary provider of machines financing alternatives to middle market place and huge-cap enterprises. The unit specializes in offering devices loans and leases with adaptable conditions and fees tailored to the equipment requires and credit toughness of the borrower.

About CIT

CIT is a division of Initially Citizens Financial institution, the premier spouse and children-managed lender in the United States, continuing a special legacy of toughness, steadiness and extended-term pondering that has spanned generations. Mother or father firm, First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a major 20 U.S. economic establishment with more than $100 billion in assets. The company’s commercial banking phase delivers a huge array of greatest-in-course lending, leasing and banking solutions to center-sector organizations and little enterprises from coast to coast. To start with Citizens also operates a nationwide direct bank and a community of much more than 600 branches in 22 states, numerous in higher-progress marketplaces. Business professionals convey a depth of abilities that assists corporations and persons meet up with their certain targets at each and every stage of their fiscal journey. Find additional at

John M. Moran
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